Entrepreneurial strategising: The tacit mode (original) (raw)
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International Small Business Journal: Researching Entrepreneurship, 2019
This article explores the sensemaking processes entrepreneurs use when transitioning between venture ideas and venture formation. Adopting a sensemaking/sensegiving approach and utilising an interpretivist methodology, we use sensemaking to analyse the entrepreneurial journey of four diverse entrepreneurs. In so doing, we make three contributions: first, we locate the early stages of the entrepreneurial context as a primary site where sensemaking occurs as entrepreneurs deal with the differences between expectations and reality. Second, we show how sensemaking occurs when entrepreneurs build a causal map of the problem they wish to address and how social exchanges are crucial as entrepreneurs then refine that idea with other sensegivers. Finally, we extend scholarly understanding through explaining the ways in which sensemaking, sensegiving and sense receiving contribute to the decision of entrepreneurs to act and create a new venture.
Entrepreneurship Theory and …, 2005
This article describes a social construction of entrepreneurship by exploring the constructionalist building blocks of communication, myth, and metaphor presented in a major British middle range broadsheet newspaper with no particular party political allegiance. We argue that the sense-making role of figurative language is important because of the inherent problems in defining and describing the entrepreneurial phenomena. Myth and metaphor in newspapers create an entrepreneurial appreciation that helps define our understanding of the world around us. The content analysis of articles published in this newspaper revealed images of male entrepreneurs as dynamic wolfish charmers, supernatural gurus, successful skyrockets or community saviors and corrupters. Finally, this article relates the temporal construction of myth and metaphor to the dynamics of enterprise culture.
Entrepreneurship Research on Intuition: A Critical Analysis and Research Agenda
International Journal of Management Reviews, 2015
Intuition is a way of processing information that is largely unconscious, associative, fast, and contextually dependent. As part of the growing cognition-oriented research agenda in the entrepreneurship field, the specific cognitive construct of intuition has attracted relatively little attention. We find this position surprising, particularly since some entrepreneurship scholars have described intuition as the seed of entrepreneurial activity. In this review, we examine the small but rapidly growing literature at the intersection of intuition and entrepreneurship. In critically analyzing this body of work, we reveal a number of areas that warrant further attention if scholars wish to enhance academic understanding of the role of intuition in the entrepreneurial process. From our review, we develop an agenda to help guide scholars of entrepreneurial cognition with a specific interest in intuition in their future research. In doing so, we address a gap in the entrepreneurial cognition literature which currently lacks a clear view of the value of entrepreneurship research on intuition and of how it should be conducted.
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We present a longitudinal, empirical study of the entrepreneurial opportunity development process, focused specifically on intuition in multiple forms. By following the opportunity development process for several participants over a two-year period, we were able to extract empirical instances of various types of intuition applied to the development of entrepreneurial opportunities. We found that the entrepreneurs in the study used at least four distinct types of intuition: problem-solving, creative, social, and temporal. Of these, we propose temporal intuition as a type not yet discussed in extant literature, while the others have not previously been studied in the entrepreneurial context. There are strong connections between these various aspects of intuition, and we discuss how the four types interact in a dynamic, unfolding process we tentatively define as opportunity intuition.
Journal of Management & Organization, 2015
It has been said that entrepreneurs plan in order to deal with market uncertainty. It has also been argued that entrepreneurs act spontaneously and with insufficient planning, as time is of the essence and as market uncertainty seldom yields to planning. Theoretically, in uncertain market conditions, the concept of effectuation posits that entrepreneurs control their resources enhancing them through likeminded stakeholder buy-ins towards creating an opportunity. Alternatively, the first prospective action steps under uncertainty are argued to be taken regardless of resources position, reflecting enactment before sensemaking. Thus, enactment embodies resource-independent action-embracing ambiguity, whereas effectuation, i.e., controlling resources and enhancing stakeholder buy-ins, represents resource-dependent action that mitigates ambiguity and risk. This paper proposes that prospective enactment action and effectuation control action are analytically distinct, complementary and si...
This paper uses concepts in strategic management and entrepreneurship cognition research to deepen understanding of the entrepreneur’s mental processes, when addressing strategic problems (issues). In this paper three main mental structures of the entrepreneur- thinking, forming and change, are envisaged, sixteen (16) propositions from which specific hypothesis can be developed for further research are proposed as well as four main questions, forming the basis of the entrepreneur’s cognition processes, when addressing strategic problems are envisaged. An explanatory conceptual framework describing the cognitive structures of the entrepreneur, when addressing strategic problems, is developed.
Entrepreneurship a Conceptual Framework
Research Journal of Commerce & Behavioural Science (RJCBS), Impact Factor of RJCBS (ISSN:2251-1547) for 2018 Impact Factor = 7.02, TIJ Research Publications Pte.Ltd., 51, Gold hill plaza, Singapore, 2018
The present research work set a basic framework from the various suggestions, and focus explicitly on entrepreneurs' reflexive and contextually embedded thoughts and strategies. The aim and objectives is thus not to identify either cognitive mechanisms or relevant discourses in isolation. Instead the ambition is to enhancing the entrepreneurs' life worlds, especially how they make sense of their situation and find meaning and structure in the venture development process. By changing the point of departure from a view of individuals and situations as separate to a focus on lived experience, it has been possible to reach new insights about entrepreneurial process and activities.
The Distinctive and Inclusive Domain of Entrepreneurial Cognition Research
… Theory and Practice, 2004
Through mapping both distinctive and inclusive elements within the domain of entrepreneurial cognition research, we accomplish our task in this introductory article to Volume 2 of the Special Issue on Information Processing and Entrepreneurial Cognition: to provide a fitting backdrop that will enhance the articles you will find within. We develop and utilize a "boundaries and exchange" concept to provide a lens through which both distinctive and inclusive aspects of the entrepreneurship domain are employed to frame this special issue.
Journal of Entrepreneurship, Management and Innovation
Purpose: The explanation of entrepreneurial choices is relevant for efficient resource allocation and wealth of individuals and societies. The economics and management studies in entrepreneurship present both complementary and alternative views on the antecedents of entrepreneurial decisions and actions. This paper aims to synthesize this discussion, propose the processual and configurational approach that bridges the extant views, as well as to present the contribution of the papers in this issue to exploring the link between entrepreneurial cognition and choices. Methodology: Based on the narrative literature review, we present the major constructs describing how entrepreneurs make judgments under uncertainty and select particular decisions and actions. Then, we suggest how these differing assumptions can be adopted within processual view, as well as based on the configurational approach to judgments and actions of entrepreneurs. Findings: The research included in this issue treat...