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A Scientific Approach to Entrepreneurial Decision Making: Large Scale Replication and Extension

Camuffo, A., Gambardella, A., Messinese, D. , Novelli, E. ORCID: 0000-0002-6899-1096, Paolucci, E. & Spina, C. (2024). A Scientific Approach to Entrepreneurial Decision Making: Large Scale Replication and Extension. Strategic Management Journal, doi: 10.1002/smj.3580

Abstract

This paper runs a large-scale replication of Camuffo et al. (2020), involving 759 firms in four randomized control trials. The larger sample generates novel and more precise insights about the teachability and implications of a scientific approach in entrepreneurship. We observe a positive impact on idea termination and results that are consistent with a non-linear effect on radical pivots, with treated firms running few over no or repeated pivots. We provide a theoretical interpretation of the empirical results: the scientific approach enhances entrepreneurs' efficiency in searching for viable ideas and raises their methodic doubt because, like scientists, they realize that there may be alternative scenarios from the ones that they theorize.

Publication Type: Article
Additional Information: This is the peer reviewed version of an article that will be published in final form at https://onlinelibrary.wiley.com/journal/10970266. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited.
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments: Bayes Business School
Bayes Business School > Management
SWORD Depositor:
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