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Enhancing individual entrepreneurial orientation measurement using a metacognitive decision making-based framework

Author

Listed:
  • Fernando A. F. Ferreira

    (University Institute of Lisbon
    University of Memphis)

  • Marjan S. Jalali

    (University Institute of Lisbon)

  • Paulo Bento

    (University Institute of Lisbon)

  • Carla S. E. Marques

    (University of Trás-os-Montes e Alto Douro)

  • João J. M. Ferreira

    (University of Beira Interior)

Abstract

Entrepreneurship, and individuals’ predisposition toward entrepreneurial activities in particular, i.e. Individual Entrepreneurial Orientation (IEO), has been gaining increasing relevance in academia and management practice alike. Understanding IEO is a critical element not only for its promotion, but for better and more informed managerial and investor decision making as well. As such, this study proposes a new framework for understanding and measuring IEO based on the integrated use of cognitive mapping and the interactive multiple criteria decision making (TODIM) method. We present the steps for building such a framework, as well as a practical application of these steps. The results are promising: the methodology applied allowed a large number of determinants of IEO and their relationships to be mapped; and, subsequently, ranked and weighted for the creation of an IEO measurement tool. The implications of the resulting framework for theory and practice, its limitations and possibilities for further research are also discussed.

Suggested Citation

  • Fernando A. F. Ferreira & Marjan S. Jalali & Paulo Bento & Carla S. E. Marques & João J. M. Ferreira, 2017. "Enhancing individual entrepreneurial orientation measurement using a metacognitive decision making-based framework," International Entrepreneurship and Management Journal, Springer, vol. 13(2), pages 327-346, June.
    • Handle: RePEc:spr:intemj:v:13:y:2017:i:2:d:10.1007_s11365-016-0388-5
    DOI: 10.1007/s11365-016-0388-5
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    Cited by:

    1. Francisco Javier Forcadell & Fernando Úbeda, 2022. "Individual entrepreneurial orientation and performance: the mediating role of international entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 875-900, June.
    2. Howard, Matt C., 2023. "Creation of the entrepreneurial personality scale: Removing conceptual and empirical barriers from the study of personality and entrepreneurship," Journal of Business Venturing Insights, Elsevier, vol. 20(C).
    3. Gina Santos & Carla S. Marques & João J. M. Ferreira, 2018. "What are the antecedents of women’s entrepreneurial orientation?," International Entrepreneurship and Management Journal, Springer, vol. 14(4), pages 807-821, December.
    4. Santos, Gina & Marques, Carla Susana & Ferreira, João J.M., 2020. "Passion and perseverance as two new dimensions of an Individual Entrepreneurial Orientation scale," Journal of Business Research, Elsevier, vol. 112(C), pages 190-199.
    5. Daniel R. Clark & Robert J. Pidduck & G. T. Lumpkin & Jeffrey G. Covin, 2024. "Is It Okay to Study Entrepreneurial Orientation (EO) at the Individual Level? Yes!," Entrepreneurship Theory and Practice, , vol. 48(1), pages 349-391, January.

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    More about this item

    Keywords

    Individual entrepreneurial orientation; Measurement; Cognitive mapping; TODIM; Multiple criteria decision analysis;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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