Authors
Dean A Shepherd, Trenton A Williams, Holger Patzelt
Publication date
2015/1
Source
Journal of management
Volume
41
Issue
1
Pages
11-46
Publisher
Sage publications
Description
Judgment and decision-making research has a long tradition in management and represents a substantial stream of research in entrepreneurship. Despite numerous reviews of this topic in the organizational behavior, psychology, and marketing fields, this is the first review in the field of entrepreneurship. This absence of a review of entrepreneurial decision making is surprising given the extreme decision-making context faced by many entrepreneurs—such as high uncertainty, time pressure, emotionally charged, and consequential extremes—and the large number of studies in the literature (e.g., 602 articles in our initial screen and 156 articles in a refined search). In this review, we (1) inductively categorize the articles into decision-making topics arranged along the primary activities associated with entrepreneurship—opportunity assessment decisions, entrepreneurial entry decisions, decisions about exploiting …
Scholar articles
DA Shepherd, TA Williams, H Patzelt - Journal of management, 2015