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Full-Text Articles in Business
Summary -- Entrepreneurial Uncertainty: What Do Stakeholders Look For?, Douglas A. Bosse, Jeffrey S. Harrison
Summary -- Entrepreneurial Uncertainty: What Do Stakeholders Look For?, Douglas A. Bosse, Jeffrey S. Harrison
Management Faculty Publications
This paper proposes that in the early stages of a venture entrepreneurs can reduce uncertainty for stakeholders -- and raise the probability of attracting desirable stakeholders -- by exhibiting behaviors associated with fairness and justice. Actors base their reciprocal behaviors -- both positive and negative -- on their subjective perceptions of distributive, procedural and interactional justice. Thus, entrepreneurs can influence perceptions of fairness in early interactions with stakeholders. This paper extends the logic of reciprocity and fairness to the setting in which entrepreneurial firms are seeking to attract desirable stakeholders in order to commercialize innovations.
Summary -- Reducing Market And Appropriation Uncertainty: The Twin Organizational Tasks Of Entrepreneurship, Douglas A. Bosse, Sharon A. Alvarez
Summary -- Reducing Market And Appropriation Uncertainty: The Twin Organizational Tasks Of Entrepreneurship, Douglas A. Bosse, Sharon A. Alvarez
Management Faculty Publications
One of the reasons entrepreneurs are motivated to action is their assessment of the potential profit associated with a particular opportunity to recombine resources from the factor market into a product (or service) that will be demanded in the product market. Entrepreneurial firm survival often depends on the creation and appropriation of this profit. However, this profit is uncertain ex ante as it depends on the ex post difference between the costs that must be paid for the factors of production and the prices that will be realized for the finished product. This paper explores the relationship between uncertainty and …