Environmental effects on the cognitions of corporate and independent entrepreneurs

Environmental effects on the cognitions of corporate and independent entrepreneurs Economic theories of entrepreneurship propose elements that enhance or hinder entrepreneurial action on a macroeconomic level, while individual-level approaches seek to explain why some individuals are more likely than others to engage in entrepreneurship. However, recent theorizing by scholars has introduced a more integrated approach to entrepreneurial behavior that relates both external and internal factors to entrepreneurial action by considering how uncertainty and motivation affect entrepreneurial attention and evaluation. In this paper, we consider how environmental uncertainty and complexity differentially affect the motivations of independent entrepreneurs and corporate entrepreneurs to engage in entrepreneurial action. While examining how uncertainty and complexity affect macro-level entrepreneurship, we also explore how individual differences between corporate entrepreneurs and independent entrepreneurs affect entrepreneurial decision-making. By examining the role schemas of entrepreneurs, we construct a theoretical framework to explain why corporate entrepreneurs may behave differently than independent entrepreneurs under the same set of environmental conditions. Important implications are outlined for researchers, entrepreneurs, and policy makers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

Environmental effects on the cognitions of corporate and independent entrepreneurs

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Publisher
Springer Journals
Copyright
Copyright © 2015 by Springer Science+Business Media New York
Subject
Economics / Management Science; Management/Business for Professionals; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1007/s11187-015-9636-2
Publisher site
See Article on Publisher Site

Abstract

Economic theories of entrepreneurship propose elements that enhance or hinder entrepreneurial action on a macroeconomic level, while individual-level approaches seek to explain why some individuals are more likely than others to engage in entrepreneurship. However, recent theorizing by scholars has introduced a more integrated approach to entrepreneurial behavior that relates both external and internal factors to entrepreneurial action by considering how uncertainty and motivation affect entrepreneurial attention and evaluation. In this paper, we consider how environmental uncertainty and complexity differentially affect the motivations of independent entrepreneurs and corporate entrepreneurs to engage in entrepreneurial action. While examining how uncertainty and complexity affect macro-level entrepreneurship, we also explore how individual differences between corporate entrepreneurs and independent entrepreneurs affect entrepreneurial decision-making. By examining the role schemas of entrepreneurs, we construct a theoretical framework to explain why corporate entrepreneurs may behave differently than independent entrepreneurs under the same set of environmental conditions. Important implications are outlined for researchers, entrepreneurs, and policy makers.

Journal

Small Business EconomicsSpringer Journals

Published: Jan 18, 2015

References

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