Linking international entrepreneurship to uncertainty, opportunity discovery, and cognition

Butler, John E.; Doktor, Robert; Lins, Frederick A.

doi:10.1007/s10843-010-0054-x

Cited by 85 publications

(57 citation statements)

References 39 publications

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“…Many failures of new ventures are an outcome of the inability of the entrepreneurs to deal with uncertainties and bear the implications of the uncertainties. Uncertainties impinge upon almost all different stages of the entrepreneurial process, and the success or failure of firms depends upon how entrepreneurs deal with uncertainties before acting on an opportunity [7]. Uncertainties imply that the states, alternatives and preferences cannot be completely defined because of the lack of understanding about a situation [8,9].…”

Section: Introductionmentioning

confidence: 99%

From Uncertainties to Successful Start Ups: A Data Analytic Approach to Predict Success in Technological Entrepreneurship

Tomy

Pardede

2018

Sustainability

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Understanding uncertainties and assessing the risks surrounding business opportunities is essential to support the success of sustainable entrepreneurial initiatives launched on a daily basis. The contribution of this study is the identification of uncertainties surrounding opportunities in the opportunity evaluation stage of the entrepreneurial process and the examination of how the analysis and evaluation of uncertainty factors, with the help of data, can predict the future success of an organization. In the first phase, the uncertainty factors are classified based on their sources and we discuss the likely implications towards new venture success with the help of existing literatures. In the second phase, a success prediction model is implemented using machine learning techniques and strategic analysis. The model is trained in such a way that, when new data emerges, the qualitative data is transformed into quantitative data and the probability of success or failure is calculated as the result output in the pre-start-up phase. The method and findings would be relevant for nascent entrepreneurs and researchers focusing on sustainable technology entrepreneurship.

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Section: Introductionmentioning

confidence: 99%

From Uncertainties to Successful Start Ups: A Data Analytic Approach to Predict Success in Technological Entrepreneurship

Tomy

Pardede

2018

Sustainability

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“…According to the entrepreneurship literature (Mahnke et al, 2007;Butler et al, 2010;Shepherd & DeTienne, 2005), each opportunity the supply chain faces brings two key dimensions that decision makers should consider: the uncertainty associated with that opportunity (i.e., how likely the opportunity will unfold itself as expected) and its potential rewards (i.e., how rewarding the opportunity is in terms of its impacts, benefits and consequences). Together they capture "how certain" an opportunity is in terms of its outcomes (uncertainty) and "how good" an opportunity can be (financial and other rewards).…”

Section: Motivations For Sustainable Supply Chain Managementmentioning

confidence: 99%

Sustainable supply chain management: current debate and future directions

Silvestre

2016

Gest. Prod.

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Resumo: Esse artigo é um research brief da literatura de gestão sustentável de cadeias de suprimento, o qual cobre alguns elementos-chave do discurso atual da literatura e das tendências de direções futuras. Este artigo destaca o crescimento desta área de pesquisa e reforça a importância da consideração integral das três dimensões-chaveAbstract: This paper is a research brief on sustainable supply chain management and covers some of the key elements of literature's past debate and trends for future directions. It highlights the growth of this research area and reinforces the importance of a full consideration of all three key dimensions of sustainability when managing sustainable supply chains, i.e., the financial, environmental and social dimensions. Therefore, supply chain decision makers need to unequivocally assess the impact of their decisions on the financial, environmental and social performances of their supply chains. This paper also argues that risks and opportunities are the key drivers for supply chain decision makers to adopt sustainability within their operations, and that barriers to sustainability adoption exist. This research highlights that, depending on the focus adopted, supply chains can evolve and shift from more traditional to more sustainable approaches over time. The paper concludes with some promising avenues for future investigation.

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“…The decision of entry undertaken by entrepreneurs can also be considered in the perspective of these limitations. Also, the cognitive perspective about IE considers why some firms are able to bear better with uncertainty in international environments and exploit international opportunities (Butler et al, 2010). The basic explanation of the pattern of entry refers to the concept of "over-confidence" or "over-optimism".…”

Section: A Psychological Investigationmentioning

confidence: 99%

“…The thought of holding the necessary competencies in order to become profitable in the market competitive arena is related to the ability to absorb uncertainty and to the knowledge of the firm. This is particularly relevant in the international context, as claimed by Butler et al (2010) because international entrepreneurship incorporates even more uncertainty than domestic entrepreneurship.…”

Section: A Psychological Investigationmentioning

confidence: 99%

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Thinking about Entry of Firms: A Theoretical Discussion

Garavaglia¹

2016

IBR

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This paper analyses the factors that play a role in determining entry of new firms into markets from a theoretical point of view. We analyse the traditional interpretation of entry as a mechanism of re-equilibrating profits towards their long-run level. Then, we concentrate on other theoretical approaches, showing how the characteristics of technological innovation, the endowment of skills and competencies of the entrants, the role of information signals, the phases of the industry life cycle, the sociological concepts of legitimization and competition, and the psychological aspects might play fundamental roles in explaining new entry. The paper debates possible cross-fertilizations among theories: The discussion results in some fruitful intertwinements among the different relevant features about entry and spawns new collaborative and interdisciplinary research to create additional knowledge about entry. Insights about international entrepreneurship (IE) are also discussed.

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Linking international entrepreneurship to uncertainty, opportunity discovery, and cognition

Abstract: Uncertainty, Cognition, Opportunity noticing, Discovery, Creativity, International entrepreneurship,

Cited by 85 publications

References 39 publications

From Uncertainties to Successful Start Ups: A Data Analytic Approach to Predict Success in Technological Entrepreneurship

From Uncertainties to Successful Start Ups: A Data Analytic Approach to Predict Success in Technological Entrepreneurship

Sustainable supply chain management: current debate and future directions

Thinking about Entry of Firms: A Theoretical Discussion

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