Trapped by the entrepreneurial mindset: Opportunity seeking and escalation of commitment in the Mount Everest disaster

McMullen, Jeffery S.; Kier, Alexander S.

doi:10.1016/j.jbusvent.2016.09.003

Cited by 102 publications

(93 citation statements)

References 118 publications

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“…List "C" then consisted of 8 only articles. When reviewing these 8 papers, it emerged that the conceptualisation of EM seemed to have a cognitive-based perspective Mathisen & Arnulf, 2013;McGrath & MacMillan, 2000;McMullen & Kier, 2016;Shepherd, Patzelt, & Haynie, 2010), although some authors linked this cognitive view also to personal traits (Ashourizadeh, Chavoushi, & Schøtt, 2014;Davis, Hall, & Mayer, 2015;Dhliwayo & Van Vuuren, 2007;Ngek, 2012). However, no common overall understanding of the EM concept emerged across the initial articles and no overview of its attributes and associated qualities was given.…”

Section: Methodsmentioning

confidence: 99%

“…As these papers formed a relevant basis for the conceptualisation of the entrepreneurial mindset later on by McMullen and Kier (2016) and Mathisen and Arnulf (2013), they were seen as important for the analysis of where we are today in the understanding of the EM concept. Gollwitzer et al, (1990) Baron (1998), Kirzner (1973), Haynie et al, (2012) Ireland et al (2003 Haynie et al, (2010) Shane & Venkataram (2000) Shane (2000), Alvarez & Busenitz (2001), Busenitz & Barney (1997), Mitchell & Busenitz (2002) McGrath & MacMillan (2000) Mathisen & Arnulf (2013) Gollwitzer ( …”

Section: Methodsmentioning

confidence: 99%

“…Mindsets and cognitive processes are thus congruent . Entrepreneurial mindsets have been differentiated into a deliberative (elaborative) and implemental mindset (Mathisen & Arnulf, 2013;McMullen & Kier, 2016). The deliberative mindset is impartial and open-minded.…”

Section: Attributes Influencing Entrepreneurial Mindsetmentioning

confidence: 99%

“…Their focus on promotion (for example profit maximisation) postpones a decision to stop pursuing the implementation even though it may lead to a dead-end. The adaptability of an entrepreneurial mindset is thus reduced when escalation of commitment occurs (McMullen & Kier, 2016).…”

Section: Attributes Influencing Entrepreneurial Mindsetmentioning

confidence: 99%

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Entrepreneurial Mindset: A Synthetic Literature Review

Naumann

2017

EBER

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A B S T R A C T Objective:The objective of this paper is to provide an overview of the state-of-theart in research on entrepreneurial mindset (EM). The paper identifies research areas which have contributed to the current status of the EM concept, outlines areas which remain under-addressed and suggests areas for future research. Research Design & Methods:A comprehensive method of a synthetic literature review was employed. In a four-step process, relevant papers were identified and classified. Research methods and sampling were analysed and put into a perspective of the EM concept development. Based on that, recommendations for future research are presented. Findings: No commonly shared EM concept was found. Instead, scholars have contributed largely by depicting particular attributes of EM. These attributes can be divided into core attributes of EM and meta-cognitive attributes of EM. While core attributes are easier to recognize and exhibited through behaviour, meta-cognitive attributes are more hidden within an individual. Mainly the Anglo-American perspective influences the research on EM. The dominating research design methods remain quantitative. Only one longitudinal and one qualitative study using in-depth interviews were identified in the pool. Links to other research areas are provided. Implications & Recommendations:The EM concept might be investigated further with the inclusion of more other cultures or with people from other cultural backgrounds to test the validity of the existing assumptions. Contribution & Value Added: This literature review contributes to the current body of knowledge by giving an overview of the EM concept and its attributes and associated qualities. It identifies current gaps in research and provides recommendations on how to close them.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Attributes Influencing Entrepreneurial Mindsetmentioning

confidence: 99%

Section: Attributes Influencing Entrepreneurial Mindsetmentioning

confidence: 99%

See 2 more Smart Citations

Entrepreneurial Mindset: A Synthetic Literature Review

Naumann

2017

EBER

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“…Variations in initialization, pace and chronology have every potential to change one's assessments of feasibility and desirability of engaging in entrepreneurial action, core factors in the formation of entrepreneurial intentions (Fitzsimmons & Douglas, 2011). This feeds into recent theory that articulates elements of the "entrepreneurial mindset" (McMullen & Kier, 2016) and brings time-calibration into entrepreneurs' "practical imaginativeness" (Kier & McMullen, 2018) as they consider entrepreneurial action.…”

Section: Implications For Theorymentioning

confidence: 99%