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Towards a Psychology of Entrepreneurship — An Action Theory Perspective

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  • Frese, Michael

Abstract

This contribution discusses a theory of entrepreneurship, its empirical base, and its implications. First, it argues that a psychological approach is necessary to understand entrepreneurship. Second, it argues that any theory of entrepreneurship should use active actions as a starting point — entrepreneurship is the epitome of an active agent in the market (rather than a reactive agent). Third, it discusses an action regulation theory to better understand the psychology of entrepreneurship. Fourth, it provides examples how this theory can help to understand entrepreneurial success. Finally, I suggest intervention programs to help entrepreneurs to be successful at growing their organizations.

Suggested Citation

  • Frese, Michael, 2009. "Towards a Psychology of Entrepreneurship — An Action Theory Perspective," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(6), pages 437-496, November.
  • Handle: RePEc:now:fntent:0300000028
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    File URL: http://dx.doi.org/10.1561/0300000028
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    Citations

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    Cited by:

    1. Fayolle, Alain & Liñán, Francisco, 2014. "The future of research on entrepreneurial intentions," Journal of Business Research, Elsevier, vol. 67(5), pages 663-666.
    2. Toft-Kehler, Rasmus & Wennberg, Karl & Kim, Phillip H., 2014. "Practice makes perfect: Entrepreneurial-experience curves and venture performance," Journal of Business Venturing, Elsevier, vol. 29(4), pages 453-470.
    3. Hikkerova, Lubica & Ilouga, Samuel Nyock & Sahut, Jean-Michel, 2016. "The entrepreneurship process and the model of volition," Journal of Business Research, Elsevier, vol. 69(5), pages 1868-1873.
    4. Ruttan, Rachel L. & Nordgren, Loran F., 2016. "The strength to face the facts: Self-regulation defends against defensive information processing," Organizational Behavior and Human Decision Processes, Elsevier, vol. 137(C), pages 86-98.
    5. Pieper, Torsten M., 2010. "Non solus: Toward a psychology of family business," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 26-39, March.
    6. Baron, Robert A. & Mueller, Brandon A. & Wolfe, Marcus T., 2016. "Self-efficacy and entrepreneurs' adoption of unattainable goals: The restraining effects of self-control," Journal of Business Venturing, Elsevier, vol. 31(1), pages 55-71.
    7. Van Gelderen, Marco & Kautonen, Teemu & Fink, Matthias, 2015. "From entrepreneurial intentions to actions: Self-control and action-related doubt, fear, and aversion," Journal of Business Venturing, Elsevier, vol. 30(5), pages 655-673.

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