Stress Processes: An Essential Ingredient in the Entrepreneurial Process

Andreas Rauch, Matthias Fink, Isabella Hatak (Corresponding Author)

    Research output: Contribution to journalArticleAcademicpeer-review

    14 Citations (Scopus)
    54 Downloads (Pure)

    Abstract

    The entrepreneurial process is associated with high uncertainty, and uncertainty is a major source of stress. Therefore, a core aim of entrepreneurs is to reduce uncertainty to allow the entrepreneurial process to unfold. However, entrepreneurship scholars have insufficiently addressed stress processes that may be associated with this uncertainty. We argue that uncertainty is the concept connecting both the entrepreneurial and stress processes. We discuss the links between these two processes in terms of (1) opportunity recognition, (2) opportunity exploitation, and (3) associated outcomes. We then illustrate how future research should incorporate the interaction between the two processes using a morphological box and discuss how such research would change the way we specify entrepreneurial process models and study entrepreneurial behavior.

    Original languageEnglish
    Pages (from-to)340-357
    Number of pages18
    JournalAcademy of Management Perspectives
    Volume32
    Issue number3
    Early online date2018
    DOIs
    Publication statusPublished - 23 Aug 2018

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