• search hit 20 of 60
Back to Result List

Entrepreneurs misdiagnosing their ventures’ innovativeness: The roles of causation and effectuation

  • This text discusses the concept of misdiagnosis in entrepreneurial ventures, where managers' unrealistic optimism can lead to misaligned strategies and late pivots. The study explores the connection between misdiagnosis and decision logics (effectuation and causation) through motivated reasoning and beliefs. The researchers conducted a study with 266 ventures from innovative industries and measured misdiagnosis by comparing managers' judgments with external experts' assessments of venture innovativeness. The results show that causation logic positively influences misdiagnosis, but this effect is reduced when coupled with flexibility. The study highlights the importance of objective performance measures and suggests that motivated reasoning and beliefs explain the link between causation logic and misdiagnosis. Additionally, older and larger ventures with a prevalence of causation logic may experience more misdiagnosis and potential delays in innovation efforts. Flexibility is crucial for older ventures to remain innovative.

Export metadata

Additional Services

Search Google Scholar
Metadaten
Author: Diemo UrbigORCiD, Florian DostORCiD, Ingmar Geiger
URL:https://www.researchgate.net/publication/379155859
URL:https://www.fgf-ev.de/wp-content/uploads/2023/09/G-Forum-2023-Programmgeruest_18-09-2023_Internet.pdf
Title of the source (English):26th Annual Interdisciplinary Conference on Entrepreneurship, Innovation and SMEs, 2023
Document Type:Conference publication peer-reviewed
Language:English
Year of publication:2023
Contributing Corporation:FGF - Forschungsnetzwerk Entrepreneurship, Innovation und Mittelstand e.V.
Tag:Effectuation; Entreprenuership; Miscalibration; Overconfidence
Faculty/Chair:Fakultät 5 Wirtschaft, Recht und Gesellschaft / FG ABWL, insbesondere empirische Unternehmensforschung und Transformation
Einverstanden ✔
Diese Webseite verwendet technisch erforderliche Session-Cookies. Durch die weitere Nutzung der Webseite stimmen Sie diesem zu. Unsere Datenschutzerklärung finden Sie hier.