Despite the increasing attention of researchers to decision-making processes, little is known about start-ups’ reactions to shocks. How entrepreneurs of new ventures face uncertain environments and build a resilient business is an open question. Contextual, personal, and heuristics biases influence decision-making processes, making resilience and entrepreneurial decision-making a complex topic to analyse. This is particularly salient for start-ups and ventures in their infancy having limited historical information for developing their strategies. This study paves the way for a comprehensive analysis on how resilience relates to contextual, personal, and heuristics biases in entrepreneurial decision-making processes in innovative start-ups. Based on a sample of 158 entrepreneurs of the innovative start-up scene of Emilia-Romagna, this research analyses through a fuzzy-set qualitative comparative analysis (fsQCA), their crisis responses, and their contextual, personal, and heuristics characteristics. Results show four types of decision-making profiles related to resilience, i.e., prudent, organised, flexible and balanced, underlining the heterogeneity of profiles embedding resilient capabilities and supporting innovative start-ups to face shocks and challenges.
Resilience and entrepreneurial decision-making: the heterogeneity among Italian innovative start-ups / Baroncelli, Sara; Caputo, Andrea; Santini, Erica; Theodoraki, Christina. - In: ENTREPRENEURSHIP & REGIONAL DEVELOPMENT. - ISSN 1464-5114. - 2024, 36:5-6(2024), pp. 798-815. [10.1080/08985626.2023.2295959]
Resilience and entrepreneurial decision-making: the heterogeneity among Italian innovative start-ups
Caputo, Andrea
Co-primo
;Santini, EricaPenultimo
;
2024-01-01
Abstract
Despite the increasing attention of researchers to decision-making processes, little is known about start-ups’ reactions to shocks. How entrepreneurs of new ventures face uncertain environments and build a resilient business is an open question. Contextual, personal, and heuristics biases influence decision-making processes, making resilience and entrepreneurial decision-making a complex topic to analyse. This is particularly salient for start-ups and ventures in their infancy having limited historical information for developing their strategies. This study paves the way for a comprehensive analysis on how resilience relates to contextual, personal, and heuristics biases in entrepreneurial decision-making processes in innovative start-ups. Based on a sample of 158 entrepreneurs of the innovative start-up scene of Emilia-Romagna, this research analyses through a fuzzy-set qualitative comparative analysis (fsQCA), their crisis responses, and their contextual, personal, and heuristics characteristics. Results show four types of decision-making profiles related to resilience, i.e., prudent, organised, flexible and balanced, underlining the heterogeneity of profiles embedding resilient capabilities and supporting innovative start-ups to face shocks and challenges.File | Dimensione | Formato | |
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