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Full-Text Articles in Social and Behavioral Sciences
Origin Of Value Creation: The Role Of Delayed Intuition In Entrepreneurial Problem Framing, Chan Hyung Park
Origin Of Value Creation: The Role Of Delayed Intuition In Entrepreneurial Problem Framing, Chan Hyung Park
Olin Business School Electronic Theses and Dissertations
Highly successful entrepreneurial ventures often result from solving problems that have not been solved before (i.e., entrepreneurial problems). The problem-solving and entrepreneurship literatures indicate that individuals need to develop novel problem frames—uncommon interpretations of observable needs or pain points (i.e., symptoms) signaling the problems—to create solutions that other people would not typically think of and generate unique value that is key to entrepreneurial success. However, developing novel frames of entrepreneurial problems is difficult for two reasons. The symptoms of the problems are ambiguous and unstructured, and the structured information to find the right frame of problems is costly to acquire. …
Essays In Entrepreneurship, Innovation And Labor, Andres Gonzalo Hincapie Norena
Essays In Entrepreneurship, Innovation And Labor, Andres Gonzalo Hincapie Norena
Arts & Sciences Electronic Theses and Dissertations
I explore the role of experimentation on the career choices of individuals deciding whether to be paid employees or entrepreneurs, and on the decisions of consumers deciding what medical treatment to buy. In the labor market, experimentation entails the accumulation of information that allows individuals to improve their occupational choices. In the product market, experimentation entails discovering the quality of new products and it may have an effect on the evolution of technology: less experimentation by individuals may slow down the process of innovation. I start in Chapter 2 with the observation that most individuals do not start a business …