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Strategic orientations of nascent entrepreneurs: antecedents of prediction and risk orientation
Jönköping International Business School, Jönköping University, Jönköping, Sweden.ORCID iD: 0000-0002-6186-0659
Institute of Technology Management, University of St. Gallen, St. Gallen, Switzerland.
ESADE Business School, Ramon Llull University, Barcelona, Spain.
UBS AG, Zurich, Switzerland.
2019 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 53, no 4, p. 859-878Article in journal (Refereed) Published
Abstract [en]

Entrepreneurial judgment is crucial for entrepreneurial success. Extant literature argues that prior experience influences entrepreneurial decisions and the identification of attractive decision spaces for entrepreneurial activity is impacted by subjective risk perception and response to this risk. We posit that entrepreneurs develop different preferences for risk and prediction and their decisions reflect these preferences. To understand the strategic orientations of nascent entrepreneurs, using a sample of 262 nascent entrepreneurs, we study the impact of prior experience and the environmental context on the development of two strategic orientations of nascent entrepreneurs: risk orientation, i.e., the extent to which an individual perceives risk as downside loss or an upside opportunity and the prediction orientation, i.e., the extent to which an individual focuses on prediction. In doing so, our study contributes to a better understanding of the strategy formation process among nascent entrepreneurs.

Place, publisher, year, edition, pages
Springer, 2019. Vol. 53, no 4, p. 859-878
Keywords [en]
Nascent entrepreneurs, Strategic orientations, Prediction orientation, Risk orientation
National Category
Business Administration
Identifiers
URN: urn:nbn:se:umu:diva-204292DOI: 10.1007/s11187-018-0107-4ISI: 000501465000002Scopus ID: 2-s2.0-85055958532Local ID: HOA;intsam;1258821OAI: oai:DiVA.org:umu-204292DiVA, id: diva2:1732921
Available from: 2023-01-31 Created: 2023-01-31 Last updated: 2023-02-01Bibliographically approved

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Markowska, Magdalena

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf