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Action! Moving beyond the intendedly-rational logics of entrepreneurship

Author

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  • Lerner, Daniel A.
  • Hunt, Richard A.
  • Dimov, Dimo

Abstract

Entrepreneurial action is central to entrepreneurship theory, and is broadly seen to arise as a consequence of intendedly rational logics (whether causal or effectual), reflecting reasoned judgment. But, is this always the case? While entrepreneurial action may often be the result of a judgmental decision (between alternative courses of action/inaction), the presumption that reasoned judgment encompasses all the motives, modes and mechanisms leading to entrepreneurial outcomes seems dubious. Building on an emerging literature that seeks to address the boundaries of reasoned entrepreneurial action, we develop the notion that non-deliberative impulse-driven behavioral logics can also be the basis for business venturing. Our framework offers a complementary perspective to the intendedly-rational, deliberate logics perspective, opening novel pathways for future research and theory-building.

Suggested Citation

  • Lerner, Daniel A. & Hunt, Richard A. & Dimov, Dimo, 2018. "Action! Moving beyond the intendedly-rational logics of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 33(1), pages 52-69.
    • Handle: RePEc:eee:jbvent:v:33:y:2018:i:1:p:52-69
    DOI: 10.1016/j.jbusvent.2017.10.002
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    Keywords

    Impulse-driven logics; Non-deliberative pathways; Entrepreneurial action; Business venturing; Entrepreneurship; Disinhibition;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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