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The road less intended : Integrating entrepreneurial cognition and risk in entrepreneurship education

Author

Listed:
  • Saulo Dubard Barbosa

    (EM - EMLyon Business School)

  • Jill Kickul

    (MU - Miami University [Ohio])

  • Brett Smith

    (MU - Miami University [Ohio])

Abstract

In this paper, we review recent developments in the fields of cognitive theory and risk in order to highlight generally overlooked dilemmas in entrepreneurship education. Such dilemmas concern the amount of planning necessary to succeed in creating a new business and the extent to which educators should boost students' intentions and self perceptions. We suggest that integrating research on entrepreneurial cognition and risk provides a theoretical perspective that enables the identification of these dilemmas and guides practice in a more effective and balanced way. We introduce two modes of thinking — analysis and intuition — and succinctly layout their implications in terms of risk throughout the different phases of the entrepreneurial process, including the development of entrepreneurial intentions and the passage to action. We then present an entrepreneurship education program conceived to develop both kinds of thinking and to minimize risks by providing students a knowledge-resource base that can enable them to critically examine their projects and then proceed down the road of transforming intentions into action if so desired. In presenting such a program,we showhow a sequence of entrepreneurship education experiences may help to develop both the analytic and intuitive skills necessary to succeed in the different aspects of the entrepreneurial process.

Suggested Citation

  • Saulo Dubard Barbosa & Jill Kickul & Brett Smith, 2008. "The road less intended : Integrating entrepreneurial cognition and risk in entrepreneurship education," Post-Print hal-02311841, HAL.
  • Handle: RePEc:hal:journl:hal-02311841
    DOI: 10.1142/S0218495808000181
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    Cited by:

    1. Maria Claudia Angel Ferrero & Véronique Bessière, 2016. "From Lab to Venture: Cognitive Factors Influencing Researchers' Decision to Start a Venture," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 101-131, June.
    2. Manchala Seema & Syed Sayf Ali, 2021. "A Study on Succession Planning, Prospective Successor Selection, Transfer of Idiosyncratic Firm Knowledge in Family Owned Businesses of Hyderabad," Shanlax International Journal of Management, Shanlax Journals, vol. 9(1), pages 8-16, July.
    3. Terry Noel & Laura Erskine, 2013. "The Silent Story: Using Computer-Aided Text Analysis to Predict Entrepreneurial Performance," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 22(1), pages 1-14, March.
    4. Susan Mueller & Taiga Brahm & Heidi Neck, 2015. "Service Learning in Social Entrepreneurship Education: Why Students Want to Become Social Entrepreneurs and How to Address Their Motives," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 23(03), pages 357-380, September.
    5. Yasir Rasool & Dr. Sanober Salman Shaikh & Ammar Ahmed & Faiz Ahmad Khuwaja, 2018. "Determinants of Entrepreneurial Intentions: A Systematic Review," KASBIT Business Journals (KBJ), Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 11(1), pages 1-33, December.

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