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Entrepreneurs’ Decisions in Perceived Environmental Uncertainty

Rana Zayadin, Antonella Zucchella, Amitabh Anand, Paul Jones Orcid Logo, Nisreen Ameen

British Journal of Management, Volume: 34, Issue: 2, Pages: 831 - 848

Swansea University Author: Paul Jones Orcid Logo

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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...

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Published in: British Journal of Management
ISSN: 1045-3172 1467-8551
Published: UK Wiley 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa59672
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first_indexed 2022-03-20T11:43:10Z
last_indexed 2023-04-04T03:20:07Z
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spelling 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
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title 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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