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The psychology of entrepreneurial performance—theoretical and applied: Robert A. Baron and Michael Frese, co-recipients of the 2024 Global Award for Entrepreneurship Research

Author

Listed:
  • Jeffery S. McMullen

    (Kelley School of Business, Indiana University)

  • Magnus Henrekson

    (Research Institute of Industrial Economics)

  • Lucia Naldi

    (Jönköping University)

  • Mikael Stenkula

    (Research Institute of Industrial Economics)

  • Karin Thorburn

    (Norwegian School of Economics)

  • Caroline Wigren-Kristoferson

    (Malmö University)

  • Joakim Wincent

    (Hanken School of Economics)

  • Ivo Zander

    (Uppsala University)

Abstract

Professors Robert A. Baron and Michael Frese are the joint recipients of the 2024 Global Award for Entrepreneurship Research. Their research contributions have helped establish the disciplinary foundation necessary to explore entrepreneurship from theoretical and applied psychological perspectives. From a theoretical psychological perspective, Professor Baron has repeatedly introduced a disciplinary scaffolding from cognitive psychology, social psychology, and judgment and decision-making psychology to develop the field’s socio-cognitive perspective. He has examined entrepreneurship’s basic “why” questions: (1) Why do some persons but not others choose to become entrepreneurs? (2) Why do some persons but not others recognize opportunities for new products or services that can be profitably exploited? (3) Why are some entrepreneurs so much more successful than others? From an applied psychological perspective, Professor Frese has examined entrepreneurship as the epitome of a proactive approach to work, advocating the benefits of personal initiative and the need for a self-regulatory approach to performance among both small business owners and employees in transition economies. Continually taking stock of what is known about the psychology of entrepreneurship through reviews and meta-analysis, he and his students have advanced an evidence-based approach to entrepreneurial training and performance in challenging contexts. Together, Professors Baron and Frese have served as ambassadors for the field of entrepreneurship, welcoming an entire generation of micro scholars to explore the entrepreneurial process and the psychology of the entrepreneurs who enact it.

Suggested Citation

  • Jeffery S. McMullen & Magnus Henrekson & Lucia Naldi & Mikael Stenkula & Karin Thorburn & Caroline Wigren-Kristoferson & Joakim Wincent & Ivo Zander, 2024. "The psychology of entrepreneurial performance—theoretical and applied: Robert A. Baron and Michael Frese, co-recipients of the 2024 Global Award for Entrepreneurship Research," Small Business Economics, Springer, vol. 63(4), pages 1341-1354, December.
    • Handle: RePEc:kap:sbusec:v:63:y:2024:i:4:d:10.1007_s11187-024-00958-4
    DOI: 10.1007/s11187-024-00958-4
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    References listed on IDEAS

    as
    1. Andreas Rauch & Johan Wiklund & G.T. Lumpkin & Michael Frese, 2009. "Entrepreneurial Orientation and Business Performance: An Assessment of past Research and Suggestions for the Future," Entrepreneurship Theory and Practice, , vol. 33(3), pages 761-787, May.
    2. Howard E. Aldrich, 1990. "Using an Ecological Perspective to Study Organizational Founding Rates," Entrepreneurship Theory and Practice, , vol. 14(3), pages 7-24, April.
    3. Frese, Michael & Bausch, Andreas & Schmidt, Peter & Rauch, Andreas & Kabst, Rüdiger, 2012. "Evidence-based Entrepreneurship: Cumulative Science, Action Principles, and Bridging the Gap Between Science and Practice," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 8(1), pages 1-62, March.
    4. Norris Krueger, 1993. "The Impact of Prior Entrepreneurial Exposure on Perceptions of New Venture Feasibility and Desirability," Entrepreneurship Theory and Practice, , vol. 18(1), pages 5-21, October.
    5. Bo Carlsson & Pontus Braunerhjelm & Maureen McKelvey & Christer Olofsson & Lars Persson & Håkan Ylinenpää, 2013. "The evolving domain of entrepreneurship research," Small Business Economics, Springer, vol. 41(4), pages 913-930, December.
    6. Pontus Braunerhjelm & Magnus Henrekson, 2009. "Awarding Entrepreneurship Research: A Presentation of the Global Award," Entrepreneurship Theory and Practice, , vol. 33(3), pages 809-814, May.
    7. Robert A. Baron & Michael D. Ensley, 2006. "Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs," Management Science, INFORMS, vol. 52(9), pages 1331-1344, September.
    8. Jean‐louis Van gelder & Reinout E. De vries & Michael Frese & Jan‐peter Goutbeek, 2007. "Differences in Psychological Strategies of Failed and Operational Business Owners in the Fiji Islands," Journal of Small Business Management, Taylor & Francis Journals, vol. 45(3), pages 388-400, July.
    9. Magnus Henrekson & Anders Lundström, 2009. "The Global Award for Entrepreneurship Research," Small Business Economics, Springer, vol. 32(1), pages 1-14, January.
    10. Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
    11. Bledow, Ronald & Frese, Michael & Anderson, Neil & Erez, Miriam & Farr, James, 2009. "A Dialectic Perspective on Innovation: Conflicting Demands, Multiple Pathways, and Ambidexterity," Industrial and Organizational Psychology, Cambridge University Press, vol. 2(3), pages 305-337, September.
    12. Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
    13. Kelly G. Shaver & Linda R. Scott, 1992. "Person, Process, Choice: The Psychology of New Venture Creation," Entrepreneurship Theory and Practice, , vol. 16(2), pages 23-46, January.
    14. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
    15. Sarason, Yolanda & Dean, Tom & Dillard, Jesse F., 2006. "Entrepreneurship as the nexus of individual and opportunity: A structuration view," Journal of Business Venturing, Elsevier, vol. 21(3), pages 286-305, May.
    16. Baron, Robert A., 1998. "Cognitive mechanisms in entrepreneurship: why and when enterpreneurs think differently than other people," Journal of Business Venturing, Elsevier, vol. 13(4), pages 275-294, July.
    17. Baron, Robert A., 2004. "The cognitive perspective: a valuable tool for answering entrepreneurship's basic "why" questions," Journal of Business Venturing, Elsevier, vol. 19(2), pages 221-239, March.
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    More about this item

    Keywords

    Global Award for Entrepreneurship Research; Entrepreneurship; Psychology; Cognition; Affect;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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