The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Risk and rationality in entrepreneurial processes
Open accessAbstract
This study begins with a historical overview of the connection between risk and rationality. It then broadens beyond this historical trajectory by taking entrepreneurship as a point of departure for understanding risk and rationality. Drawing from the research of Littlechild (1986), Buchanan and Vanberg (1991), and Sarasvathy et al . (2003), this study considers three entrepreneurial processes: opportunity recognition, opportunity discovery, and opportunity creation. Associated with each of these processes are unique conceptualizations of risk and rationality, reflected in distinct research streams. The final section of the study considers implications of the process‐contingent nature of risk and rationality, and motivates a broadening of the research agenda from entrepreneurial decision making to practices. Copyright © 2007 Strategic Management Society
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Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Exploration and Exploitation in Organizational Learning
March, J. G. (1991) · Organization Science · doi:10.1287/orsc.2.1.71 · Cited by 21,942 · cited 1×
“…entrepreneur’s perspective, whether an opportunity is satisfactory or not depends in part on the opportunities available outside the entrepreneurial realm, i.e., the opportunity cost of foregoing other employment (Gimeno et al., 1997) or other exploitative uses of available resources (March, 1991).”
BackgroundOrganizational Learning: A Theory of Action Perspective
Argyris, C., & Schön, D. A. (1997) · Reis · doi:10.2307/40183951 · Cited by 11,113
Organizational learning: The contributing processes and the literatures
Huber, G. P. (1991) · Organization Science · doi:10.1287/orsc.2.1.88 · Cited by 8,072
Free competition and the optimal amount of fraud
Darby, M. R., & Karni, E. (1973) · The Journal of Law and Economics · doi:10.1086/466756 · Cited by 3,947 · cited 2×
“Hence, a key aspect of entrepreneurship as a process that improves allocative effi ciency is to provide information and assurances that overcome buyers’ and suppliers’ information disadvantages and mitigate the risks of entering into transactions with unpredictable results (see Darby and Karni, 1973 ).”
BackgroundInnovation in conservative and entrepreneurial firms: Two models of strategic momentum
Miller, D., & Friesen, P. H. (1982) · Strategic Management Journal · doi:10.1002/smj.4250030102 · Cited by 2,758
Being there: putting brain, body, and world together again
(1997) · Choice Reviews Online · doi:10.5860/choice.34-6204 · Cited by 2,631
Risk Taking Propensity of Entrepreneurs.
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Cited by
How data-driven entrepreneur analyzes imperfect information for business opportunity evaluation
Canakoglu, E., Erzurumlu, S. S., & Erzurumlu, Y. O. (2018) · IEEE Transactions on Engineering Management · doi:10.1109/tem.2018.2826983 · Cited by 47
Metadata
- Authors
- Miller, K. D.
- Venue
- Strategic Entrepreneurship Journal
- Publisher
- Wiley
- Published
- 2007-11
- Volume
- 1
- Issue
- 1-2
- Pages
- 57-74
- ISSN
- 1932-4391 (ISSN-L)
- 1932-443X
- OpenAlex
- W1967566907
- Cited by
- 270
- References
- 8
- FWCI
- 21.54
- Type
- journal article
- Language
- en
- Open access
- bronze
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