Imagining and Rationalizing Opportunities: Inductive Reasoning and the Creation and Justification of New Ventures
نویسندگان
چکیده
We argue that creating novel ventures consists of inductive analogical or metaphorical reasoning, which generates a platform for the creation and commercialization of novel ventures and facilitates the comprehension and justification of a venture. We argue that such inductive reasoning is shaped by two determinants (the applicability of prior entrepreneurial experience and the motivation to resolve uncertainty and acquire legitimacy) that interrelate to predict and explain patterns of analogical and metaphorical reasoning by which novice and experienced entrepreneurs construct meaning for themselves as well as others in the early stages of creating a venture.
منابع مشابه
Identifying and prioritizing new business opportunities in the electronic tourism industry of Chabahar City
Information technology as a more intermediary utilizes the science of the day to provide the necessary data for the specialists, organizations, and ultimately all types of groups in the shortest possible time and in the best possible way. Many countries believe that entrepreneurship has played an indispensable role in improving productivity and economic growth. Since the benefits of tourism ind...
متن کاملExplanatory Reasoning for Inductive Confidence
We present Explanatory Reasoning for Inductive Confidence (ERIC), a computational model of explanation generation and evaluation. ERIC combines analogical hypothesis generation and justification with normative probabilistic theory over statement confidences. It successfully captures a broad range of empirical phenomena, and represents a promising approach toward the application of explanatory k...
متن کاملOutcomes of Using New Technologies in the Development of Recreational Sports: From Increasing Participation to Wealth Creation
Background. Today, technology is becoming one of the most critical factors that have led to the internationalization of competition in the sports industry. Nowadays, the sports industry is increasingly in need of technology to facilitate proper performance. Objectives. The present study aimed to identify the outcomes of using new technologies in the development of recreational sports. Methods...
متن کاملواکاوی نقش تلاطم های شخصی در تشخیص فرصت های کارآفرینانۀ کشاورزی (مورد مطالعه: استان کرمانشاه)
Although a relatively neglected topic within the entrepreneurship and creativity literature, personal turbulence has been suggested to account for emergence of new ventures, intention to start a new business and opportunity recognition. On the basis of the predominant impact of personal turbulence on various crucial aspects of the entrepreneurial process, some scholars contend that personal tur...
متن کاملMultilateral R&D alliances by new ventures
Field Editor: D. Jennings We examine the antecedents and outcomes of new ventures' formation of multilateral R&D alliances. Our results show an inverted U-shaped relationship between market uncertainty and a new venture's likelihood of forming multilateral R&D alliances. Top management team's social capital and ventures' technological capabilities are critical for new ventures to identify and c...
متن کامل