Journal article 43359 views 377 downloads
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty
British Journal of Management, Volume: 34, Issue: 2, Pages: 831 - 848
Swansea University Author: Paul Jones
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DOI (Published version): 10.1111/1467-8551.12612
Abstract
This research advances the understanding of entrepreneurial decisions in the context of perceived uncertainty related to regional political instability. Using qualitative data from a sample of 29 entrepreneurs, we captured the entrepreneurs’ perceptions of uncertainty and how these perceptions infor...
Published in: | British Journal of Management |
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ISSN: | 1045-3172 1467-8551 |
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UK
Wiley
2023
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URI: | https://cronfa.swan.ac.uk/Record/cronfa59672 |
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v2 59672 2022-03-20 Entrepreneurs’ Decisions in Perceived Environmental Uncertainty 21e2660aaa102fe36fc981880dd9e082 0000-0003-0417-9143 Paul Jones Paul Jones true false 2022-03-20 BBU This research advances the understanding of entrepreneurial decisions in the context of perceived uncertainty related to regional political instability. Using qualitative data from a sample of 29 entrepreneurs, we captured the entrepreneurs’ perceptions of uncertainty and how these perceptions informed their judgement and led to confidence in their decisions. The perceptions of uncertainty that influenced the entrepreneurs’ decision-making were grouped into three main categories: efforts to understand changes in regional markets; efforts to understand changes in local markets; and identifying multiple and compounded layers of uncertainty. The entrepreneurs’ decisions were informed by the interactions between their perceptions of a dynamic and changing environment and their judgements about mobilising resources in response to that environment. The findings of this research extend the current understanding of how entrepreneurs use judgement to arrive at decisions in contexts of uncertainty and highlight the dynamic relationship between individuals and context. The research has theoretical and practical implications for developing and leveraging entrepreneurial decision-making in uncertain environments. Journal Article British Journal of Management 34 2 831 848 Wiley UK 1045-3172 1467-8551 Entrepreneurship; perceived uncertainty; judgement-based approach; decision-making; self-efficacy 3 4 2023 2023-04-03 10.1111/1467-8551.12612 https://onlinelibrary.wiley.com/doi/full/10.1111/1467-8551.12612 COLLEGE NANME Business COLLEGE CODE BBU Swansea University Not Required 2023-06-12T15:35:17.2029978 2022-03-20T11:11:39.7485029 Faculty of Humanities and Social Sciences School of Management - Business Management Rana Zayadin 1 Antonella Zucchella 2 Amitabh Anand 3 Paul Jones 0000-0003-0417-9143 4 Nisreen Ameen 5 59672__23915__fb8346a0413e4fed9d5986a4f9c90949.pdf 59672.pdf 2022-04-26T12:30:13.6587817 Output 704685 application/pdf Version of Record true © 2022 The Authors. This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License true eng http://creativecommons.org/licenses/by-nc/4.0/ |
title |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
spellingShingle |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty Paul Jones |
title_short |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
title_full |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
title_fullStr |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
title_full_unstemmed |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
title_sort |
Entrepreneurs’ Decisions in Perceived Environmental Uncertainty |
author_id_str_mv |
21e2660aaa102fe36fc981880dd9e082 |
author_id_fullname_str_mv |
21e2660aaa102fe36fc981880dd9e082_***_Paul Jones |
author |
Paul Jones |
author2 |
Rana Zayadin Antonella Zucchella Amitabh Anand Paul Jones Nisreen Ameen |
format |
Journal article |
container_title |
British Journal of Management |
container_volume |
34 |
container_issue |
2 |
container_start_page |
831 |
publishDate |
2023 |
institution |
Swansea University |
issn |
1045-3172 1467-8551 |
doi_str_mv |
10.1111/1467-8551.12612 |
publisher |
Wiley |
college_str |
Faculty of Humanities and Social Sciences |
hierarchytype |
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facultyofhumanitiesandsocialsciences |
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Faculty of Humanities and Social Sciences |
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facultyofhumanitiesandsocialsciences |
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Faculty of Humanities and Social Sciences |
department_str |
School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management |
url |
https://onlinelibrary.wiley.com/doi/full/10.1111/1467-8551.12612 |
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description |
This research advances the understanding of entrepreneurial decisions in the context of perceived uncertainty related to regional political instability. Using qualitative data from a sample of 29 entrepreneurs, we captured the entrepreneurs’ perceptions of uncertainty and how these perceptions informed their judgement and led to confidence in their decisions. The perceptions of uncertainty that influenced the entrepreneurs’ decision-making were grouped into three main categories: efforts to understand changes in regional markets; efforts to understand changes in local markets; and identifying multiple and compounded layers of uncertainty. The entrepreneurs’ decisions were informed by the interactions between their perceptions of a dynamic and changing environment and their judgements about mobilising resources in response to that environment. The findings of this research extend the current understanding of how entrepreneurs use judgement to arrive at decisions in contexts of uncertainty and highlight the dynamic relationship between individuals and context. The research has theoretical and practical implications for developing and leveraging entrepreneurial decision-making in uncertain environments. |
published_date |
2023-04-03T15:35:15Z |
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1768507850577936384 |
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11.035634 |