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Stress Processes: An Essential Ingredient in the Entrepreneurial Process
journal contributionposted on 2023-08-30, 15:28 authored by Andreas Rauch, Matthias Fink, Isabella Hatak
The entrepreneurial process is associated with high uncertainty. Uncertainty is also a major source of stress. Therefore, a core aim of entrepreneurs is to reduce uncertainty to an extent that allows the entrepreneurial process to unfold. However, entrepreneurship scholars have insufficiently addressed stress processes that may be associated with this uncertainty. We argue that uncertainty is the concept connecting both the entrepreneurial and stress processes. We discuss the link between the two processes regarding: (1) opportunity recognition, (2) opportunity exploitation, and (3) associated outcomes. We then illustrate how future research should incorporate the interaction between the two processes using a morphological box and discuss how such research would change the way we specify entrepreneurial process models and study entrepreneurial behavior.
Publication titleAcademy of Management Perspectives
PublisherAcademy of Management
- Accepted version