Stress Processes: An Essential Ingredient in the Entrepreneurial Process

By Andreas Rauch, Matthias Fink, Isabella Hatak. Academy of Management Perspectives, 2018

153 citations recorded by the source corpus.

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.

Subfields: Business and International Management, Experimental and Cognitive Psychology, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/9e5a10780f80f753b4ca26d710ba630cc5258337

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In Business and International Management

In Experimental and Cognitive Psychology

In Management of Technology and Innovation

Citations in the corpus

Let’s Focus on Solutions to Entrepreneurial Ill-Being! Recovery Interventions to Enhance Entrepreneurial Well-Being (2021, background): “Moreover, entrepreneurship involves great uncertainty (Rauch et al., 2018; Wincent et al., 2008), which is generally considered one of life’s biggest stressors (Greco & Roger, 2003; Monat et al.”
Employee adjustment and well-being in the era of COVID-19: Implications for human resource management (2020, background): “After all, entrepreneurs are often confronted with demanding work conditions including high levels of uncertainty and responsibility (McMullen & Shepherd, 2006), a need to flexibly and continuously adjust to new situations (Rauch et al., 2018), and a strong interrelatedness of the work and family sp”
Self-Compassion When Coping With Venture Obstacles: Loving-Kindness Meditation and Entrepreneurial Fear of Failure (2019, background): “The typical entrepreneur routinely faces challenges, obstacles, and threats to venture goals, which can cause stress and induce fear of failure (Cacciotti et al., 2016; Kollmann et al., 2017; Rauch et al., 2018).”