{"title":"Towards an entrepreneurial judgement theory: Building the cognitive microfoundations of entrepreneurial judgement","authors":"Mark D Packard, Per L Bylund","doi":"10.1177/02662426241269772","DOIUrl":null,"url":null,"abstract":"We advance the judgement-based approach at the foundational level to establish cognitive microfoundations and boundary conditions as a formal theory of entrepreneurship – entrepreneurial judgement theory (EJT). We build upon philosophy’s concept of intentionality to define and conceptualise judgement as the determination and instigation of intentions. Entrepreneurship begins when, through entrepreneurial judgement, intentions are turned entrepreneurial, that is, towards the pursuit of new economic value, and ends when those intentions are turned away again. We elaborate the dynamics of this process, which includes cascading judgements across nested intentions. We conclude by distinguishing EJT from its close relative, entrepreneurial action theory, and by connecting entrepreneurial judgement more explicitly to contemporary psychology research.","PeriodicalId":48210,"journal":{"name":"International Small Business Journal-Researching Entrepreneurship","volume":null,"pages":null},"PeriodicalIF":7.1000,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Small Business Journal-Researching Entrepreneurship","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1177/02662426241269772","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
We advance the judgement-based approach at the foundational level to establish cognitive microfoundations and boundary conditions as a formal theory of entrepreneurship – entrepreneurial judgement theory (EJT). We build upon philosophy’s concept of intentionality to define and conceptualise judgement as the determination and instigation of intentions. Entrepreneurship begins when, through entrepreneurial judgement, intentions are turned entrepreneurial, that is, towards the pursuit of new economic value, and ends when those intentions are turned away again. We elaborate the dynamics of this process, which includes cascading judgements across nested intentions. We conclude by distinguishing EJT from its close relative, entrepreneurial action theory, and by connecting entrepreneurial judgement more explicitly to contemporary psychology research.
期刊介绍：
The International Small Business Journal (ISBJ) is a leading peer-reviewed journal renowned for publishing high-quality original research papers on small business and entrepreneurship. It prioritizes research-based studies that contribute to theory development, critical understanding, and policy formulation related to small firms.
ISBJ papers encompass theoretical, methodological, and empirical studies from various disciplines and perspectives, aiming for research excellence in the field. The journal provides a critical forum for world-class contributions analyzing entrepreneurship and entrepreneurial behavior.
This refereed journal is valuable to academics, policymakers, analysts, government and business officials, small business representative bodies, and support agencies seeking to gain insights into the sector, trade, business institutions, and related matters.
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