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Influence of uncertainty intolerance and entrepreneurial passion on the approach for decision-making in venture creation; causation or effectuation – The case of South Africa

Essen, Bob van (2019) Influence of uncertainty intolerance and entrepreneurial passion on the approach for decision-making in venture creation; causation or effectuation – The case of South Africa.

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Abstract:When starting up a new business, an entrepreneur has to face several challenges. The decisions that have to be made during this process can be divided into two different approaches: causation and effectuation. This study examines the extent to which the decision-making process of entrepreneurs is influenced by the uncertainty intolerance and entrepreneurial passion. To measure this, a research was conducted in which 230 entrepreneurs from South Africa were involved. On average, these entrepreneurs score higher on causation than on effectuation. The results in the research show that passion for inventing and passion for developing both have a positive effect on the causation approach. Besides, the factors of uncertainty intolerance both have a positive effect on a different approach of the decision-making process. First, prospective anxiety positively influences the causation approach. Second, individuals with inhibitory anxiety often choose for an effectuation approach. Moreover, the relationship of prospective anxiety on the causation approach is fully mediated by the factors of entrepreneurial passion. Therefore, it can be concluded that it is possible to describe the variation in the decision-making process in venture creation on uncertainty intolerance and entrepreneurial passion.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:https://purl.utwente.nl/essays/79892
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