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Jeffery S Mcmullen - One of the best experts on this subject based on the ideXlab platform.

  • a dynamic model of Entrepreneurial opportunity integrating kirzner s and mises s approaches to Entrepreneurial Action
    Quarterly Journal of Austrian Economics, 2020
    Co-Authors: Alexander Mckelvie, Jeffery S Mcmullen, Johan Wiklund, Almantas Palubinskas
    Abstract:

    We highlight the important role that time plays in conceptualizations of opportunity in entrepreneurship research. Through two longitudinal case studies, we introduce a more dynamic understanding of opportunities than portrayed by current theorizing, which tends to emphasize “opportunity discovery.” By adopting a dynamic temporal perspective, we integrate Kirzner’s and Mises’s approaches to Entrepreneurial Action to generate novel insights about how entrepreneurs view opportunities as initial opportunity beliefs, how these beliefs change over time, and how these changes help inform scholarly research of opportunities. We argue that taking the role of time into consideration opens up new questions related to opportunity and the dynamics of its development.

  • why believe the promise of research on the role of religion in Entrepreneurial Action
    Journal of Business Venturing Insights, 2019
    Co-Authors: Brett R Smith, Jeffery S Mcmullen, Michael Conger, Mitchell J Neubert
    Abstract:

    Abstract Religion is one of the most pervasive and central topics in society. However, its relative neglect by entrepreneurship research leads to an insufficient understanding of Entrepreneurial Action. To address this gap, we build on boundary theory and the psychology of religion to develop a sketch of the role of religion in Entrepreneurial Action, including its antecedents and outcomes. Finally, we suggest a number of theoretical perspectives (identity, sensemaking, and boundary) and research questions that may further advance research on religion and entrepreneurship.

  • uncertainty knowledge problems and Entrepreneurial Action
    The Academy of Management Annals, 2018
    Co-Authors: David M Townsend, Richard A Hunt, Jeffery S Mcmullen, Saras D Sarasvathy
    Abstract:

    Whether new business ventures emerge in the context of start-ups or corporate giants, one of the enduring and fundamental assumptions underlying theories of Entrepreneurial Action is that entrepren...

  • Entrepreneurial judgment as empathic accuracy a sequential decision making approach to Entrepreneurial Action
    Journal of Institutional Economics, 2015
    Co-Authors: Jeffery S Mcmullen
    Abstract:

    Entrepreurship theory within economics has long touted the importance of judgment in Entrepreneurial Action. More recently, proponents have begun to advocate extension of this work to organization studies. However, critics of Entrepreneurial judgment have responded by claiming that the construct is only meaningful post hoc and vapid when examined ex ante . Instead, they claim that, if entrepreneurship theory is to progress, then judgment must be replaced by a process logic known as effectuation. This article examines their claims and redefines the judgment dilemma as one of scope rather than existence. Empathic accuracy is then introduced to offer a means of addressing their criticism without having to deny the existence of Entrepreneurial judgment. Empathic accuracy is also shown to be capable of explaining some of the cognitive mechanisms necessary for effectuation and dynamic socio-economic order.

  • economic freedom and the motivation to engage in Entrepreneurial Action
    Entrepreneurship Theory and Practice, 2008
    Co-Authors: Jeffery S Mcmullen, Ray D Bagby, Leslie E Palich
    Abstract:

    Using institutional theory, the Heritage Foundation/Wall Street Journal 2003 Index of Economic Freedom, and the 2002 Global Entrepreneurship Monitor, we regress opportunity–motivated entrepreneuria...

Catarina Figueira - One of the best experts on this subject based on the ideXlab platform.

  • Diversifying into Technical Clothing Manufacture: A Situated Learning Theory Perspective
    2017
    Co-Authors: Nicholas Theodorakopoulos, Nada K. Kakabadse, David Bennett, Catarina Figueira, Breno Nunes
    Abstract:

    An organisation’s ability to internalise external knowledge and learn from various sources in undertaking new product development and/or entering a new market is crucial to its competitive performance. Nevertheless, little attention has been paid to how growth-oriented small firms identify and exploit Entrepreneurial opportunities, i.e. take Entrepreneurial Action, related to such methods of development, in a mature, contracting industry. The latter is particularly relevant to recent discussion and debate in academic and policy-making circles concerning the salvage of the clothing manufacture industry in developed industrialised countries, by intensifying efforts relating to diversification into high value manufacturing sectors. This paper, based on an instrumental case-firm, demonstrates analytically how learning as Entrepreneurial Action relating to diversifying into /technical clothing – i.e. a high value manufacturing/innovatory sector - takes place, drawing on situated learning theory. It is argued that learning relating to such Entrepreneurial Action is dynamic in nature and is founded on specific organising principles that foster both inter- and intracommunal learning.

  • Diversifying into technical clothing manufacture as Entrepreneurial learning : A situated learning theory perspective
    Journal of Manufacturing Technology Management, 2014
    Co-Authors: Nicholas Theodorakopoulos, Nada K. Kakabadse, David Bennett, Carmel Mcgowan, Catarina Figueira
    Abstract:

    Purpose - The purpose of this paper is to demonstrate analytically how Entrepreneurial Action as learning relating to diversifying into technical clothing - i.e. a high-value manufacturing sector - can take place. This is particularly relevant to recent discussion and debate in academic and policy-making circles concerning the survival of the clothing manufacture industry in developed industrialised countries. Design/methodology/approach - Using situated learning theory (SLT) as the major analytical lens, this case study examines an episode of Entrepreneurial Action relating to diversification into a high-value manufacturing sector. It is considered on instrumentality grounds, revealing wider tendencies in the management of knowledge and capabilities requisite for effective Entrepreneurial Action of this kind. Findings - Boundary events, brokers, boundary objects, membership structures and inclusive participation that addresses power asymmetries are found to be crucial organisational design elements, enabling the development of inter- and intracommunal capacities. These together constitute a dynamic learning capability, which underpins Entrepreneurial Action, such as diversification into high-value manufacturing sectors. Originality/value - Through a refinement of SLT in the context of Entrepreneurial Action, the paper contributes to an advancement of a substantive theory of managing technological knowledge and capabilities for effective diversification into high-value manufacturing sectors.

Nicholas Theodorakopoulos - One of the best experts on this subject based on the ideXlab platform.

  • Diversifying into Technical Clothing Manufacture: A Situated Learning Theory Perspective
    2017
    Co-Authors: Nicholas Theodorakopoulos, Nada K. Kakabadse, David Bennett, Catarina Figueira, Breno Nunes
    Abstract:

    An organisation’s ability to internalise external knowledge and learn from various sources in undertaking new product development and/or entering a new market is crucial to its competitive performance. Nevertheless, little attention has been paid to how growth-oriented small firms identify and exploit Entrepreneurial opportunities, i.e. take Entrepreneurial Action, related to such methods of development, in a mature, contracting industry. The latter is particularly relevant to recent discussion and debate in academic and policy-making circles concerning the salvage of the clothing manufacture industry in developed industrialised countries, by intensifying efforts relating to diversification into high value manufacturing sectors. This paper, based on an instrumental case-firm, demonstrates analytically how learning as Entrepreneurial Action relating to diversifying into /technical clothing – i.e. a high value manufacturing/innovatory sector - takes place, drawing on situated learning theory. It is argued that learning relating to such Entrepreneurial Action is dynamic in nature and is founded on specific organising principles that foster both inter- and intracommunal learning.

  • Diversifying into technical clothing manufacture as Entrepreneurial learning : A situated learning theory perspective
    Journal of Manufacturing Technology Management, 2014
    Co-Authors: Nicholas Theodorakopoulos, Nada K. Kakabadse, David Bennett, Carmel Mcgowan, Catarina Figueira
    Abstract:

    Purpose - The purpose of this paper is to demonstrate analytically how Entrepreneurial Action as learning relating to diversifying into technical clothing - i.e. a high-value manufacturing sector - can take place. This is particularly relevant to recent discussion and debate in academic and policy-making circles concerning the survival of the clothing manufacture industry in developed industrialised countries. Design/methodology/approach - Using situated learning theory (SLT) as the major analytical lens, this case study examines an episode of Entrepreneurial Action relating to diversification into a high-value manufacturing sector. It is considered on instrumentality grounds, revealing wider tendencies in the management of knowledge and capabilities requisite for effective Entrepreneurial Action of this kind. Findings - Boundary events, brokers, boundary objects, membership structures and inclusive participation that addresses power asymmetries are found to be crucial organisational design elements, enabling the development of inter- and intracommunal capacities. These together constitute a dynamic learning capability, which underpins Entrepreneurial Action, such as diversification into high-value manufacturing sectors. Originality/value - Through a refinement of SLT in the context of Entrepreneurial Action, the paper contributes to an advancement of a substantive theory of managing technological knowledge and capabilities for effective diversification into high-value manufacturing sectors.

Jeffrey G York - One of the best experts on this subject based on the ideXlab platform.

  • the impact of social norms on Entrepreneurial Action evidence from the environmental entrepreneurship context
    Journal of Business Venturing, 2010
    Co-Authors: William R Meek, Desiree F Pacheco, Jeffrey G York
    Abstract:

    Using insights from institutional theory, sociology, and entrepreneurship we develop and test a model of the relationship between centralized and decentralized institutions on Entrepreneurial activity. We suggest that both decentralized institutions that are socially determined as well as centralized institutions that are designed by governmental authorities are important in promoting firm foundings in the environmental context. In a sample of the U.S. solar energy sector we find that state-sponsored incentives, environmental consumption norms, and norms of family interdependence are related to new firm entry in this sector. Our findings also suggest that the efficacy of state-level policies in the sponsoring of Entrepreneurial growth is dependent upon the social norms that prevail in the entrepreneur's environment. We expand entrepreneurship theory and the study of institutions and the natural environment by demonstrating the integral role that social norms play in influencing the creation of new firms and by illustrating the potential effect social norms have on the effect of policy that seeks to encourage environmentally responsible economic activity.

Dean A Shepherd - One of the best experts on this subject based on the ideXlab platform.

  • the heart of entrepreneurship the impact of Entrepreneurial Action on health and health on Entrepreneurial Action
    Journal of Business Venturing Insights, 2015
    Co-Authors: Dean A Shepherd, Holger Patzelt
    Abstract:

    Abstract Health is one of the most important topics in society. By exploring issues related to health we can gain a deeper understanding of the critical antecedents and consequences of Entrepreneurial Action. Specifically, we take a psycho-social perspective on health and our knowledge of the entrepreneurship literature to begin a conversation about, and hopefully stimulate research on, how heath (of the entrepreneur and/or others) impacts Entrepreneurial Action and how Entrepreneurial Action creates (or diminishes) value (through the health of the entrepreneur and or others). We hope this article stimulates scholars' curiosity on one of society's most critical issues.

  • afraid of opportunity the effects of fear of failure on Entrepreneurial Action
    Frontiers of entrepreneurship research, 2011
    Co-Authors: Robert J Mitchell, Dean A Shepherd
    Abstract:

    In this study, we examine the effect that three dimensions of fear of failure have on the propensity for Entrepreneurial Action. Specifically, we explore the moderating effects the fear of devaluing one’s self-estimate, fear of upsetting important others, and fear of having an uncertain future have on the relationships between human capital and self-efficacy and the propensity to Entrepreneurial Action (controlling for differences in opportunities). With a sample of 120 CEOs of technology firms, we find that while fear of failure does moderate the effects of specific human capital, general self-efficacy and Entrepreneurial self-efficacy on propensity for Entrepreneurial Action, the nature of these effects differs across fear of failure dimensions. These results have important implications for understanding the Entrepreneurial Action of CEOs. I would encourage you to think of fear of failure, because the fear of failure will stop many people. – One entrepreneur speaking to students Most of the things I’ve accomplished in my life have been based on fear of failure. – Another entrepreneur speaking to students

  • to thine own self be true images of self images of opportunity and Entrepreneurial Action
    Journal of Business Venturing, 2010
    Co-Authors: Robert J Mitchell, Dean A Shepherd
    Abstract:

    Abstract While research in entrepreneurship continues to increase general understanding of the opportunity-recognition process, questions about its nature nonetheless persist. In this study, we seek to complement recent research that relates “the self” to the opportunity-recognition process by deepening understanding of the self vis-a-vis this process. We do this by drawing on the self-representation literature and the decision-making literature to introduce two distinct types of images of self: images of vulnerability and images of capability. In a study of 1936 decisions about hypothetical Entrepreneurial opportunities made by 121 executives of technology firms, we then investigate how both types of images of self affect the images of opportunities that underlie opportunity recognition. Our results indicate that both images of self – vulnerability and capability – impact one's images of opportunity.

  • Entrepreneurial Action and the role of uncertainty in the theory of the entrepreneur
    Academy of Management Review, 2006
    Co-Authors: Jeffery S Mcmullen, Dean A Shepherd
    Abstract:

    By considering the amount of uncertainty perceived and the willingness to bear uncertainty concomitantly, we provide a more complete conceptual model of Entrepreneurial Action that allows for examination of Entrepreneurial Action at the individual level of analysis while remaining consistent with a rich legacy of system-level theories of the entrepreneur. Our model not only exposes limitations of existing theories of Entrepreneurial Action but also contributes to a deeper understanding of important conceptual issues, such as the nature of opportunity and the potential for philosophical reconciliation among entrepreneurship scholars.