Entrepreneurial Action And The Role Of Uncertainty In The Theory Of The Entrepreneur
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- 1 January 2006
- journal article
- Published by Academy of Management in Academy of Management Review
- Vol. 31 (1) , 132-152
- https://doi.org/10.5465/amr.2006.19379628
Abstract
By considering the amount of uncertainty perceived and the willingness to bear uncertainty concomitantly, we provide a more complete conceptual model of entrepreneurial action that allows for examination of entrepreneurial action at the individual level of analysis while remaining consistent with a rich legacy of system-level theories of the entrepreneur. Our model not only exposes limitations of existing theories of entrepreneurial action but also contributes to a deeper understanding of important conceptual issues, such as the nature of opportunity and the potential for philosophical reconciliation among entrepreneurship scholars.Keywords
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