Unpacking the uncertainty construct: Implications for entrepreneurial action
Uncertainty is central to entrepreneurship; however robust and generalizable findings that explain the conditions in which uncertainty may impede [or promote] entrepreneurial action remain elusive. We operationalize uncertainty as a multi-dimensional construct composed of state, effect, and response...
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| Vydáno v: | Journal of business venturing Ročník 26; číslo 3; s. 273 - 292 |
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| Hlavní autoři: | , , |
| Médium: | Journal Article |
| Jazyk: | angličtina |
| Vydáno: |
New York
Elsevier Inc
01.05.2011
Elsevier Science Publ Elsevier Elsevier Sequoia S.A |
| Edice: | Journal of Business Venturing |
| Témata: | |
| ISSN: | 0883-9026, 1873-2003 |
| On-line přístup: | Získat plný text |
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| Abstract | Uncertainty is central to entrepreneurship; however robust and generalizable findings that explain the conditions in which uncertainty may impede [or promote] entrepreneurial action remain elusive. We operationalize uncertainty as a multi-dimensional construct composed of state, effect, and response types of uncertainty (Milliken, 1987) to investigate the relationship between uncertainty and entrepreneurial action. We decompose more than 2800 exploitation decision policies nested within a sample of new product decision-makers working in entrepreneurial software firms. We focus on the primary decision-maker's willingness to exploit a given opportunity in the face of varying combinations and manifestations of uncertainty and find that the type of uncertainty experienced influences the willingness to engage in entrepreneurial action differently. Further, we find that differences in how each type of uncertainty is manifested in the environment, the scale of exploitation (i.e. large vs. small), and the entrepreneur's expertise serve to moderate the relationship between uncertainty and action in counter-intuitive ways. We discuss the implications for both theory and practice. |
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| AbstractList | Uncertainty is central to entrepreneurship; however robust and generalizable findings that explain the conditions in which uncertainty may impede [or promote] entrepreneurial action remain elusive. We operationalize uncertainty as a multi-dimensional construct composed of state, effect, and response types of uncertainty (Milliken, 1987) to investigate the relationship between uncertainty and entrepreneurial action. We decompose more than 2800 exploitation decision policies nested within a sample of new product decision-makers working in entrepreneurial software firms. We focus on the primary decision-maker's willingness to exploit a given opportunity in the face of varying combinations and manifestations of uncertainty and find that the type of uncertainty experienced influences the willingness to engage in entrepreneurial action differently. Further, we find that differences in how each type of uncertainty is manifested in the environment, the scale of exploitation (i.e. large vs. small), and the entrepreneur's expertise serve to moderate the relationship between uncertainty and action in counter-intuitive ways. We discuss the implications for both theory and practice. Uncertainty is central to entrepreneurship; however robust and generalizable findings that explain the conditions in which uncertainty may impede [or promote] entrepreneurial action remain elusive. We operationalize uncertainty as a multi-dimensional construct composed of state, effect, and response types of uncertainty (Milliken, 1987) to investigate the relationship between uncertainty and entrepreneurial action. We decompose more than 2800 exploitation decision policies nested within a sample of new product decision-makers working in entrepreneurial software firms. We focus on the primary decision-maker's willingness to exploit a given opportunity in the face of varying combinations and manifestations of uncertainty and find that the type of uncertainty experienced influences the willingness to engage in entrepreneurial action differently. Further, we find that differences in how each type of uncertainty is manifested in the environment, the scale of exploitation (i.e. large vs. small), and the entrepreneur's expertise serve to moderate the relationship between uncertainty and action in counter-intuitive ways. We discuss the implications for both theory and practice. [PUBLICATION ABSTRACT] |
| Author | Haynie, J. Michael McKelvie, Alexander Gustavsson, Veronica |
| Author_xml | – sequence: 1 givenname: Alexander surname: McKelvie fullname: McKelvie, Alexander email: mckelvie@syr.edu organization: Department of Entrepreneurship & Emerging Enterprises, Whitman School of Management, Syracuse University, Syracuse, NY 13244, United States – sequence: 2 givenname: J. Michael surname: Haynie fullname: Haynie, J. Michael email: jmhaynie@syr.edu organization: Department of Entrepreneurship & Emerging Enterprises, Whitman School of Management, Syracuse University, Syracuse, NY 13244, United States – sequence: 3 givenname: Veronica surname: Gustavsson fullname: Gustavsson, Veronica email: guve@ihh.hj.se organization: Jönköping International Business School, Jönköping, Sweden |
| BackLink | http://www.econis.eu/PPNSET?PPN=655833412$$DView this record in ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften http://econpapers.repec.org/article/eeejbvent/v_3a26_3ay_3a2011_3ai_3a3_3ap_3a273-292.htm$$DView record in RePEc |
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| SubjectTerms | Conjoint analysis Conjoint-Analyse Correlation analysis Decision making Entrepreneurial action Entrepreneurs Entrepreneurship Entscheidung unter Unsicherheit Opportunity Opportunity exploitation Software industry Studies Uncertainty Uncertainty Entrepreneurial action Opportunity exploitation Conjoint analysis Unternehmensgründung |
| Title | Unpacking the uncertainty construct: Implications for entrepreneurial action |
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