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A Psychological Approach to Entrepreneurship

Selected Essays of Dean A. Shepherd Dean A. Shepherd, David H. Jacobs Chair in Strategic Management and Professor of Entrepreneurship, Kelley School of Business, Indiana University, US
Within an entrepreneurial context, what a person thinks and feels and how they behave are hugely consequential. Entrepreneurs often work in scenarios of considerable time pressure, task complexity, uncertainty and high performance variance. This fascinating volume explores the unique psychological qualities of individuals directly involved in the entrepreneurial process.
Extent: 624 pp
Hardback Price: $199.95 Web: $179.96
Publication Date: 2015
ISBN: 978 1 78347 979 5
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  • Business and Management
  • Entrepreneurship
Within an entrepreneurial context, what a person thinks and feels and how they behave are hugely consequential. Entrepreneurs often work in scenarios of considerable time pressure, task complexity, uncertainty and high performance variance. This fascinating volume explores the unique psychological qualities of individuals directly involved in the entrepreneurial process.

The book explores major themes in entrepreneurial psychology, including acting entrepreneurially, identifying opportunity, making decisions, choosing and managing an entrepreneurial career, adapting and persisting, and recovering from entrepreneurial failure. The selected essays highlight Dean A. Shepherd’s unique perspective on important issues in entrepreneurship, and offer insightful recommendations for future study.

Scholars and students of entrepreneurship and business and management, particularly those with an interest in entrepreneurial thought and decision-making, will find this book an invaluable resource.
29 articles, dating from 1999 to 2013
Contents

Acknowledgements

Introduction Dean A. Shepherd

PART I ACTING ENTREPRENEURIALLY
1. Jeffery S. McMullen and Dean A. Shepherd (2006), ‘Entrepreneurial Action and the Role of Uncertainty in the Theory of the Entrepreneur’, Academy of Management Review, 31 (1), January, 132–52

2. Dean A. Shepherd, Jeffery S. McMullen and P. Devereaux Jennings (2007), ‘The Formation of Opportunity Beliefs: Overcoming Ignorance and Reducing Doubt’, Strategic Entrepreneurship Journal, 1 (1–2), November, 75–95

3. Dean A. Shepherd and Holger Patzelt (2010), ‘The New Field of Sustainable Entrepreneurship: Studying Entrepreneurial Action Linking “What Is To Be Sustained?” With “What Is to Be Developed?”’, Entrepreneurship Theory and Practice, 35 (1), January, 137–63

4. Young Rok Choi and Dean A. Shepherd (2004), ‘Entrepreneurs’ Decisions to Exploit Opportunities’, Journal of Management, 30 (3), June, 377–95

5. Young Rok Choi, Moren Lévesque and Dean A. Shepherd (2008), ‘When Should Entrepreneurs Expedite of Delay Opportunity Exploitation?’, Journal of Business Venturing, 23 (3), May, 333–55


PART II OPPORTUNITY IDENTIFICATION
6. Dean A. Shepherd and Dawn R. DeTienne (2005), ‘Prior Knowledge, Potential Financial Reward, and Opportunity Identification’, Entrepreneurship Theory and Practice, 29 (1), January, 91–112

7. Denis A. Grégoire, Pamela S. Barr and Dean A. Shepherd (2010), ‘Cognitive Process of Opportunity Recognition: The Role of Structural Alignment’, Organization Science, 21 (2), March-April, 413–31

8. Denis A. Grégoire and Dean A. Shepherd (2012), ‘Technology-Market Combinations and the Identification of Entrepreneurial Opportunities: An Investigation of the Opportunity-Individual Nexus’, Academy of Management Journal, 55 (4), August, 753–85

9. J. Robert Mitchell and Dean A. Shepherd (2010), ‘To Thine Own Self Be True: Images of Self, Images of Opportunity, and Entrepreneurial Action’, Journal of Business Venturing, 25 (1), January, 138–54

10. Dean A. Shepherd, Holger Patzelt and Robert A. Baron (2013), ‘”I Care About Nature, but…”: Disengaging Values in Assessing Opportunities That Cause Harm’, Academy of Management Journal, 56 (5), October, 1251–73


PART III DECISION MAKING
11. Anja Klaukien, Dean A. Shepherd and Holger Patzelt (2013), ‘Passion for Work, Nonwork-Related Excitement, and Innovation Managers’ Decision to Exploit New Product Opportunities’, Journal of Product Innovation Management, 30 (3), May, 574–88

12. Mathew L.A. Hayward, Dean A. Shepherd and Dale Griffin (2006), ‘A Hubris Theory of Entrepreneurship’, Management Science, 52 (2), February, 160–72

13. Dean A. Shepherd (1999), ‘Venture Capitalists’ Assessment of New Venture Survival’, Management Science, 45 (5), May, 621–32

14. Holger Patzelt and Dean A. Shepherd (2009), ‘Strategic Entrepreneurship at Universities: Academic Entrepreneurs’ Assessment of Policy Programs’, Entrepreneurship Theory and Practice, 33 (1), January, 319–40

15. Dean A. Shepherd (2011), ‘Multilevel Entrepreneurship Research: Opportunities for Studying Entrepreneurial Decision Making’, Journal of Management, 37 (2), March, 412–20


PART IV CHOOSING AND MANAGING AN ENTREPRENEURIAL CAREER
16. Evan J. Douglas and Dean A. Shepherd (2002), ‘Self-Employment as a Career Choice: Attitudes, Entrepreneurial Intentions, and Utility Maximization’, Entrepreneurship Theory and Practice, 26 (3), Spring, 81–90

17. Keith H. Brigham, Julio O. De Castro and Dean A. Shepherd (2007), ‘A Person-Organization Fit Model of Owner-Managers’ Cognitive Style and Organizational Demands’, Entrepreneurship Theory and Practice, 31 (1), January, 29–51

18. J. Michael Haynie and Dean Shepherd (2011), ‘Toward a Theory of Discontinuous Career Transition: Investigating Career Transitions Necessitated by Traumatic Life Events’, Journal of Applied Psychology, 96 (3), May, 501–24

19. Dean Shepherd and J. Michael Haynie (2009), ‘Birds of a Feather Don’t Always Flock Together: Identity Management in Entrepreneurship’, Journal of Business Venturing, 24 (4), July, 316–37


PART V ADAPTING AND PERSISTING
20. J. Michael Haynie, Dean A. Shepherd and Holger Patzelt (2010), ‘Cognitive Adaptability and an Entrepreneurial Task: The Role of Metacognitive Ability and Feedback’, Entrepreneurship Theory and Practice, 36 (2), March, 237–65

21. J. Robert Mitchell, Dean A. Shepherd and Mark P. Sharfman (2011), ‘Erratic Strategic Decisions: When and Why Manages are Inconsistent in Strategic Decision Making’, Strategic Management Journal, 32 (7), July, 683–704

22. Dawn R. DeTienne, Dean A. Shepherd and Julio O. De Castro (2008), ‘The Fallacy of “Only the Strong Survive”: The Effects of Extrinsic Motivation on the Persistence Decisions for Under-Performing Firms’, Journal of Business Venturing, 23 (5), September, 528–46

23. Daniel V. Holland and Dean A. Shepherd (2011), ‘Deciding to Persist: Adversity, Values, and Entrepreneurs’ Decision Policies’, Entrepreneurship Theory and Practice, 37 (2), March, 331–58

24. Dean A. Shepherd, Johan Wiklund and J. Michael Haynie (2007), ‘Moving Forward: Balancing the Financial and Emotional Costs of Business Failure’, Journal of Business Venturing, 24 (2), March, 134–48


PART VI RECOVERING FROM ENTREPRENEURIAL FAILURE
25. Dean A. Shepherd (2003), ‘Learning from Business Failure: Propositions of Grief Recovery for the Self-Employed’, Academy of Management Review, 28 (2), April, 318–28

26. Dean A. Shepherd (2009), ‘Grief Recovery from the Loss of a Family Business: A Multi- and Meso-level Theory’, Journal of Business Venturing, 24 (1), January, 81–97

27. Dean A. Shepherd, Jeffrey G. Covin and Donald F. Kuratko (2008), ‘Project Failure from Corporate Entrepreneurship: Managing the Grief Process’, Journal of Business Venturing, 24 (6), November, 588–600

28. Dean A. Shepherd, Holger Patzelt and Marcus Wolfe (2011), ‘Moving Forward from Project Failure: Negative Emotions, Affective Commitment, and Learning from the Experience’, Academy of Management Journal, 54 (6), December, 1229–59

29. Dean A. Shepherd and Melissa S. Cardon (2009), ‘Negative Emotional Reactions to Project Failure and the Self-Compassion to Learn from the Experience’, Journal of Management Studies, 46 (6), September, 923–49

Index