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Entrepreneurial Strategic Decision-Making: A Cognitive Perspective

✍ Scribed by Petru L. Curseu


Publisher
Edward Elgar Publishing
Year
2008
Tongue
English
Leaves
260
Category
Library

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✦ Synopsis


Strategic choices made by entrepreneurs have major consequences for SME performance. This book explores the factors that influence entrepreneurial strategic decisions using a cognitive theoretical framework. The proposed model, based on a dual processing approach, integrates motivation, emotions and information processing modes and is tested in several empirical studies. The results show the model's potential for furthering interesting research agendas in entrepreneurial cognition research. The authors also reveal that entrepreneurial cognitions can be elicited and represented in the form of cognitive maps.The structural complexity of the cognitive maps (cognitive complexity) is an important prerequisite of effective strategic decisions and is a core concept for the advancement of our knowledge in entrepreneurial cognition. The book is an informed and interesting exploration of entrepreneurial cognition with both theoretical and methodological contributions to this field of research. It will be of great interest to undergraduate students, and academics in the field of entrepreneurship. Policymakers will learn from this study to understand the distinctions between various types of entrepreneurial decisionmakers and the way they make strategic decisions.

✦ Table of Contents


COVER......Page 2
Copyright......Page 4
Contents......Page 5
Figures......Page 7
Tables......Page 8
Contributors......Page 9
Preface......Page 12
Acknowledgements......Page 14
1. Entrepreneurs and strategic decisions......Page 15
PART I Overview of the literature......Page 23
2. The decision-making entrepreneur: a literature review......Page 25
3. The psychology of entrepreneurial strategic decisions......Page 55
4. The role of cognitive complexity in entrepreneurial strategic decisionmaking......Page 82
PART II Empirical studies......Page 101
5. Strategic decision-making processes in SMEs: an exploratory study......Page 103
6. Entrepreneurial decision styles and cognition in SMEs......Page 119
7. Entrepreneurial decision-makers and the use of biases and heuristics......Page 137
8. Risk, uncertainty and stakeholder involvement in entrepreneurial decision-making......Page 149
9. Entrepreneurial experience and innovation: the mediating role of cognitive complexity......Page 160
10. Social capital, cognitive complexity and the innovative performance of SMEs......Page 175
11. Cognitive complexity, industry dynamism and risk taking in entrepreneurial decision-making......Page 189
12. Conclusions: an outline of ESDM research......Page 204
Appendix......Page 215
References......Page 219
Index......Page 245


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