Entrepreneurial Behavior: Its Nature, Scope, Recent Research, and Agenda for Future Research

Abstract

The end of all the cognition and motivation of entrepreneurs is to take some action in the world, and by doing so, give rise to a venture, an organization. Thoughts, intentions, motivations, learning, intelligence without action does not create economic value. The very nature of organizing is anchored in actions of individuals as they buy, sell, gather and deploy resources, work, etc. The values created by exploiting of opportunity undoubtedly include some that are intrapsychic and personal, but those we study, those of value to the readers of this book, are inherently interpersonal and social and thus observable and learnable. This chapter provides a brief overview of entrepreneurial behavior using a limited but hopefully representative lens on recent research. We call for more research on what entrepreneurs do and that this research be both more rigorous than what we currently have and also more creatively sourced.