The Strategic Advantage of Impulsivity in Entrepreneurial Action: An Agent-Based Modeling Approach
Our study extends and enhances entrepreneurial action theory (EAT) by considering the strategic advantage or disadvantage of impulsive action. To date, EAT has largely sidestepped the role of dispositional impulsivity, limiting its veridicality and inclusivity. Popularized notions of celebrity entre...
| Autores: | , , , , |
|---|---|
| Tipo de recurso: | artículo |
| Fecha de publicación: | 2023 |
| País: | España |
| Institución: | IE |
| Repositorio: | Repositorio IE |
| OAI Identifier: | oai:repositorio.ie.edu:20.500.14417/3489 |
| Acceso en línea: | https://doi.org/10.1177/10422587231178882 https://hdl.handle.net/20.500.14417/3489 |
| Access Level: | acceso abierto |
| Palabra clave: | Experimental methods/simulation Research methods Specialty areas Start-up New ventures Psychology General areas 53 Ciencias Económicas::5311 Organización y dirección de empresas ODS 1 - Fin de la pobreza ODS 5 - Igualdad de género ODS 9 - Industria, innovación e infraestructura ODS 10 - Reducción de las desigualdades |
| Sumario: | Our study extends and enhances entrepreneurial action theory (EAT) by considering the strategic advantage or disadvantage of impulsive action. To date, EAT has largely sidestepped the role of dispositional impulsivity, limiting its veridicality and inclusivity. Popularized notions of celebrity entrepreneurs and an increasingly large body of empirical research on the prevalence of impulsivity have inspired a reassessment of what drives entrepreneurs. Looking beyond both the anecdotes and well-established prevalence of impulsivity, we develop and illustrate a novel theory concerning the fate of impulsive nascent entrepreneurs who are wired for nondeliberative, less-calculative action. We use an agent-based model and conduct simulation-based experiments involving 2.7 million virtual entrepreneurs to identify and explicate the specific conditions under which impulsivity does or does not generate strategic advantage. Accordingly, we contribute a broader and deeper theorization of EAT, taking notable steps toward the inclusion of nontraditional entrepreneurs and the varied impacts of impulsive action in this domain’s evolving conception of new venture emergence. |
|---|