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How Team Level Experiences Shape Uncertainty Perception and Produce Routines for Efficiency or Change

In: Academic Spin-offs

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  • Ziad El-Awad

    (Lund University)

Abstract

Entrepreneurship research has acknowledged the importance of learning for new ventures’ development. Through their learning, new ventures gain knowledge of customers and suppliers, which helps them to overcome obstacles when organising. Whether new or old, all ventures face uncertainties. These uncertainties relate to situations where entrepreneurs perceive the inability to accurately predict an event or a situation due to insufficient knowledge or information (Milliken, 1987). Entrepreneurs are not always ready to manage uncertainties. The fact that entrepreneurial tasks are ever-changing suggests that the entrepreneur’s past experiences may not always suffice. Entrepreneurs may perceive their current knowledge as no longer enough to explain and deal with the tasks on hand and thus foresee the need to develop new knowledge.

Suggested Citation

  • Ziad El-Awad, 2023. "How Team Level Experiences Shape Uncertainty Perception and Produce Routines for Efficiency or Change," Springer Books, in: Academic Spin-offs, chapter 6, pages 97-117, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-22284-9_6
    DOI: 10.1007/978-3-031-22284-9_6
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