Decision making of entrepreneurship

  • Only when entrepreneurs decide what they want from their businesses can they determine what kind of company they must build, what they are willing to risk, and whether they have a well-defined strategy.
    Great strategies, however, don't guarantee great execution.

Are entrepreneurship decisions independent of each other?

As such, subsequent data analysis must consider that these decisions are not independent of one another across the entire sample.
Mitchell and Shepherd ( 2010 ), for instance, explored 1936 decisions about hypothetical entrepreneurial opportunities made by 121 high-tech firm executives (each executive made 16 decisions).

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What is the conceptual framework of entrepreneurial decision-making?

A conceptual approach, drawing on two sets of theoretical perspectives relating to decision making of entrepreneurs, is adopted.
The paper presents a conceptual framework of entrepreneurial decision making utilising the intersection between a metacognitive model of the entrepreneurial mindset and the recognition-primed decision-making theory.


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