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Cracks in the wall: Entrepreneurial action theory and the weakening presumption of intended rationality

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dc.contributor.authorHunt, Richard
dc.contributor.authorLerner, Daniel
dc.contributor.authorJohnson, Sheri
dc.contributor.authorBadal, Sangeeta
dc.contributor.authorFreeman, Michael
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-01-28T12:18:32Z
dc.date.available2025-01-28T12:18:32Z
dc.date.issued2022-05
dc.description.abstractEntrepreneurship scholarship finds itself in something of a quandary concerning rationality. While an increasingly large body of empirical work has found evidence of less-deliberative and even impulsive drivers of business venturing, the dominant theories of entrepreneurial action remain anchored to the assumption that intended rationality is a defining attribute of entrepreneurship. The growing schism between entrepreneurial action theory (EAT) on the one hand, and empirics and practice on the other hand, represents a consequential and exciting opportunity for the field to revisit its core assumptions regarding rationality, particularly the presence, role, and function of rational intentionality. In this study, we undertake a review and exploratory investigation of the assertion that without reasoned intentionality there is no entrepreneurship. Our work generates three important insights that contribute to rethinking key facets of the most prominent and influential EATs: alternative, non-rational pathways to business venturing exist with a non-ignorable prevalence; a proclivity towards reasoned intentionality is not invariably prescriptive; and, less-reasoned, less-deliberative tendencies do not constitute an entrepreneurial death sentence. Rather, entrepreneurs (including highly successful ones) embody a shifting blend of rational and non-rational proclivities, motivations, decisions, and actions.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationHunt, R. A., Lerner, D. A., Johnson, S. L., Badal, S., & Freeman, M. A. (2022). Cracks in the wall: Entrepreneurial action theory and the weakening presumption of intended rationality. Journal of Business Venturing, 37(3), https://doi.org/10.1016/j.jbusvent.2022.106190
dc.identifier.doihttps://doi.org/10.1016/j.jbusvent.2022.106190
dc.identifier.issn1873-2003
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3490
dc.issue.number3
dc.journal.titleJournal of Business Venturing
dc.language.isoen
dc.publisherElsevier
dc.relation.departmentEntrepreneurship
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordRationality
dc.subject.keywordNon-rationality
dc.subject.keywordImpulse-driven logics
dc.subject.keywordNon-deliberative pathways
dc.subject.keywordEntrepreneurial Action
dc.subject.keywordEntrepreneurial action theory
dc.subject.keywordNeurodiversity
dc.subject.keywordADHD
dc.subject.keywordHypomania
dc.subject.keywordImpulsivity
dc.subject.keywordMental health
dc.subject.keywordEntrepreneurship
dc.titleCracks in the wall: Entrepreneurial action theory and the weakening presumption of intended rationality
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number37
dspace.entity.typePublication
relation.isAuthorOfPublication771275c4-1309-481f-b6d5-81a9768236e9
relation.isAuthorOfPublication.latestForDiscovery771275c4-1309-481f-b6d5-81a9768236e9
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