{"id":"https://openalex.org/W1967566907","doi":"https://doi.org/10.1002/sej.2","title":"Risk and rationality in entrepreneurial processes","display_name":"Risk and rationality in entrepreneurial processes","publication_year":2007,"publication_date":"2007-11-01","ids":{"openalex":"https://openalex.org/W1967566907","doi":"https://doi.org/10.1002/sej.2","mag":"1967566907"},"language":"en","primary_location":{"id":"doi:10.1002/sej.2","doi":"https://doi.org/10.1002/sej.2","is_oa":true,"landing_page_url":"https://doi.org/10.1002/sej.2","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sej.2","source":{"id":"https://openalex.org/S31690342","display_name":"Strategic Entrepreneurship Journal","issn_l":"1932-4391","issn":["1932-4391","1932-443X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Entrepreneurship Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sej.2","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5050753718","display_name":"Kent D. Miller","orcid":"https://orcid.org/0009-0004-9297-1185","observed_orcids":["https://orcid.org/0009-0004-9297-1185"]},"institutions":[{"id":"https://openalex.org/I87216513","display_name":"Michigan State University","ror":"https://ror.org/05hs6h993","country_code":"US","type":"education","lineage":["https://openalex.org/I87216513"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kent D. Miller","raw_affiliation_strings":["The Eli Broad Graduate School of Management, Michigan State University, East Lansing, Michigan, U.S.A"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Eli Broad Graduate School of Management, Michigan State University, East Lansing, Michigan, U.S.A","institution_ids":["https://openalex.org/I87216513"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5050753718"],"corresponding_institution_ids":["https://openalex.org/I87216513"],"apc_list":{"value":4100,"currency":"USD","value_usd":4100},"apc_paid":null,"fwci":21.6342,"has_fulltext":true,"cited_by_count":270,"citation_normalized_percentile":{"value":0.99156869,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":99,"max":100},"biblio":{"volume":"1","issue":"1-2","first_page":"57","last_page":"74"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14465","display_name":"Leadership, Behavior, and Decision-Making Studies","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk","display_name":"risk","score":0.9169999957084656},{"id":"https://openalex.org/keywords/rationality","display_name":"rationality","score":0.9950000047683716},{"id":"https://openalex.org/keywords/entrepreneurship","display_name":"entrepreneurship","score":0.8029999732971191},{"id":"https://openalex.org/keywords/entrepreneurial-process","display_name":"entrepreneurial process","score":0.7639999985694885},{"id":"https://openalex.org/keywords/opportunity-recognition","display_name":"opportunity recognition","score":0.9959999918937683},{"id":"https://openalex.org/keywords/opportunity-discovery","display_name":"opportunity discovery","score":0.9860000014305115},{"id":"https://openalex.org/keywords/opportunity-creation","display_name":"opportunity creation","score":0.9990000128746033},{"id":"https://openalex.org/keywords/entrepreneurial-decision-making","display_name":"entrepreneurial decision-making","score":0.9610000252723694},{"id":"https://openalex.org/keywords/entrepreneurial-practice","display_name":"entrepreneurial practice","score":0.6349999904632568}],"concepts":[{"id":"https://openalex.org/C201717286","wikidata":"https://www.wikidata.org/wiki/Q938185","display_name":"Rationality","level":2,"score":0.9615392684936523},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.6157638430595398},{"id":"https://openalex.org/C58694771","wikidata":"https://www.wikidata.org/wiki/Q814385","display_name":"Bounded rationality","level":2,"score":0.5615834593772888},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.5039636492729187},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.48323115706443787},{"id":"https://openalex.org/C118084267","wikidata":"https://www.wikidata.org/wiki/Q26110","display_name":"Positive economics","level":1,"score":0.4769395887851715},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.47316795587539673},{"id":"https://openalex.org/C28719098","wikidata":"https://www.wikidata.org/wiki/Q44946","display_name":"Point (geometry)","level":2,"score":0.4688378870487213},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42577099800109863},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.4257434904575348},{"id":"https://openalex.org/C173871420","wikidata":"https://www.wikidata.org/wiki/Q17009844","display_name":"Ecological rationality","level":3,"score":0.4151892066001892},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3291128873825073},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.30312711000442505},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.22921103239059448},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.17046672105789185},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0818701684474945},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07776466012001038},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1002/sej.2","doi":"https://doi.org/10.1002/sej.2","is_oa":true,"landing_page_url":"https://doi.org/10.1002/sej.2","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sej.2","source":{"id":"https://openalex.org/S31690342","display_name":"Strategic Entrepreneurship Journal","issn_l":"1932-4391","issn":["1932-4391","1932-443X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Entrepreneurship Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1002/sej.2","doi":"https://doi.org/10.1002/sej.2","is_oa":true,"landing_page_url":"https://doi.org/10.1002/sej.2","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sej.2","source":{"id":"https://openalex.org/S31690342","display_name":"Strategic Entrepreneurship Journal","issn_l":"1932-4391","issn":["1932-4391","1932-443X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Strategic Entrepreneurship Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","score":0.5199999809265137,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1967566907.pdf","grobid_xml":"https://content.openalex.org/works/W1967566907.grobid-xml"},"referenced_works_count":153,"referenced_works":["https://openalex.org/W147843294","https://openalex.org/W158118704","https://openalex.org/W208491018","https://openalex.org/W279168829","https://openalex.org/W569399811","https://openalex.org/W607621808","https://openalex.org/W1037519905","https://openalex.org/W1487768965","https://openalex.org/W1492294207","https://openalex.org/W1493111819","https://openalex.org/W1493518227","https://openalex.org/W1495050463","https://openalex.org/W1495390830","https://openalex.org/W1500475347","https://openalex.org/W1527096518","https://openalex.org/W1530796175","https://openalex.org/W1532347882","https://openalex.org/W1533188739","https://openalex.org/W1550684686","https://openalex.org/W1559005549","https://openalex.org/W1562208008","https://openalex.org/W1568250390","https://openalex.org/W1581199048","https://openalex.org/W1589980147","https://openalex.org/W1590224273","https://openalex.org/W1600716910","https://openalex.org/W1606540910","https://openalex.org/W1793713313","https://openalex.org/W1928744275","https://openalex.org/W1964383284","https://openalex.org/W1968725802","https://openalex.org/W1971467849","https://openalex.org/W1972918691","https://openalex.org/W1977308918","https://openalex.org/W1978865199","https://openalex.org/W1986904066","https://openalex.org/W1991071634","https://openalex.org/W1997506932","https://openalex.org/W1997951920","https://openalex.org/W1998749189","https://openalex.org/W2009248339","https://openalex.org/W2014294656","https://openalex.org/W2016390327","https://openalex.org/W2021755694","https://openalex.org/W2025417276","https://openalex.org/W2026751516","https://openalex.org/W2028436159","https://openalex.org/W2031190735","https://openalex.org/W2034752872","https://openalex.org/W2037715901","https://openalex.org/W2039528056","https://openalex.org/W2040257336","https://openalex.org/W2041347128","https://openalex.org/W2046604854","https://openalex.org/W2046942789","https://openalex.org/W2058203312","https://openalex.org/W2059741309","https://openalex.org/W2060674524","https://openalex.org/W2063400512","https://openalex.org/W2066343994","https://openalex.org/W2069421507","https://openalex.org/W2076014315","https://openalex.org/W2076749840","https://openalex.org/W2078039848","https://openalex.org/W2083449279","https://openalex.org/W2083511414","https://openalex.org/W2086292523","https://openalex.org/W2086888884","https://openalex.org/W2087092179","https://openalex.org/W2087904691","https://openalex.org/W2089312296","https://openalex.org/W2091579301","https://openalex.org/W2091697685","https://openalex.org/W2093851560","https://openalex.org/W2096574173","https://openalex.org/W2099822658","https://openalex.org/W2106079920","https://openalex.org/W2106181718","https://openalex.org/W2106919063","https://openalex.org/W2111023775","https://openalex.org/W2112156109","https://openalex.org/W2113812196","https://openalex.org/W2121049031","https://openalex.org/W2122143050","https://openalex.org/W2124450391","https://openalex.org/W2124532504","https://openalex.org/W2124815848","https://openalex.org/W2126824225","https://openalex.org/W2129941209","https://openalex.org/W2136940446","https://openalex.org/W2141445133","https://openalex.org/W2144289297","https://openalex.org/W2144469687","https://openalex.org/W2144584600","https://openalex.org/W2144846366","https://openalex.org/W2148962857","https://openalex.org/W2150552447","https://openalex.org/W2153174915","https://openalex.org/W2156094085","https://openalex.org/W2156109180","https://openalex.org/W2164284962","https://openalex.org/W2165357065","https://openalex.org/W2167064225","https://openalex.org/W2167081754","https://openalex.org/W2167089809","https://openalex.org/W2170130400","https://openalex.org/W2178018308","https://openalex.org/W2178752668","https://openalex.org/W2259456505","https://openalex.org/W2259644269","https://openalex.org/W2310516540","https://openalex.org/W2316887684","https://openalex.org/W2322820359","https://openalex.org/W2323746689","https://openalex.org/W2332125581","https://openalex.org/W2339416413","https://openalex.org/W2469390141","https://openalex.org/W2490155320","https://openalex.org/W2492860292","https://openalex.org/W2580389126","https://openalex.org/W2602254781","https://openalex.org/W2642534790","https://openalex.org/W2752617332","https://openalex.org/W2752714680","https://openalex.org/W2753533763","https://openalex.org/W2796971335","https://openalex.org/W2847964459","https://openalex.org/W2912175139","https://openalex.org/W2992247719","https://openalex.org/W3021327952","https://openalex.org/W3021840452","https://openalex.org/W3109300698","https://openalex.org/W3122441192","https://openalex.org/W3122910577","https://openalex.org/W3123331292","https://openalex.org/W3123912273","https://openalex.org/W3123977984","https://openalex.org/W3124327222","https://openalex.org/W3124896223","https://openalex.org/W3124950409","https://openalex.org/W3125484976","https://openalex.org/W3126717273","https://openalex.org/W3172510915","https://openalex.org/W4230253980","https://openalex.org/W4234482624","https://openalex.org/W4237218864","https://openalex.org/W4242012000","https://openalex.org/W4244687574","https://openalex.org/W4249865915","https://openalex.org/W4250745054","https://openalex.org/W4254776165","https://openalex.org/W4293117802","https://openalex.org/W4298741961"],"related_works":["https://openalex.org/W4328050903","https://openalex.org/W4389788958","https://openalex.org/W2953975493","https://openalex.org/W2263198254","https://openalex.org/W2376090919","https://openalex.org/W601444688","https://openalex.org/W2382537861","https://openalex.org/W4294622176","https://openalex.org/W6987811684","https://openalex.org/W2096574173"],"abstract_inverted_index":{"Abstract":[0],"This":[1],"study":[2,53,88],"begins":[3],"with":[4,66],"a":[5,26,101],"historical":[6,20],"overview":[7],"of":[8,28,39,68,74,86,91,95,103],"the":[9,37,87,92,104],"connection":[10],"between":[11],"risk":[12,32,75,96],"and":[13,33,43,46,62,76,97,99],"rationality.":[14,34],"It":[15],"then":[16],"broadens":[17],"beyond":[18],"this":[19,52],"trajectory":[21],"by":[22],"taking":[23],"entrepreneurship":[24],"as":[25],"point":[27],"departure":[29],"for":[30],"understanding":[31],"Drawing":[35],"from":[36,107],"research":[38,81,105],"Littlechild":[40],"(1986),":[41],"Buchanan":[42],"Vanberg":[44],"(1991),":[45],"Sarasvathy":[47],"et":[48],"al":[49],".":[50],"(2003),":[51],"considers":[54,89],"three":[55],"entrepreneurial":[56,108],"processes:":[57],"opportunity":[58,60,63],"recognition,":[59],"discovery,":[61],"creation.":[64],"Associated":[65],"each":[67],"these":[69],"processes":[70],"are":[71],"unique":[72],"conceptualizations":[73],"rationality,":[77,98],"reflected":[78],"in":[79],"distinct":[80],"streams.":[82],"The":[83],"final":[84],"section":[85],"implications":[90],"process\u2010contingent":[93],"nature":[94],"motivates":[100],"broadening":[102],"agenda":[106],"decision":[109],"making":[110],"to":[111],"practices.":[112],"Copyright":[113],"\u00a9":[114],"2007":[115],"Strategic":[116],"Management":[117],"Society":[118]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":10},{"year":2023,"cited_by_count":20},{"year":2022,"cited_by_count":17},{"year":2021,"cited_by_count":22},{"year":2020,"cited_by_count":17},{"year":2019,"cited_by_count":10},{"year":2018,"cited_by_count":18},{"year":2017,"cited_by_count":19},{"year":2016,"cited_by_count":10},{"year":2015,"cited_by_count":15},{"year":2014,"cited_by_count":18},{"year":2013,"cited_by_count":23},{"year":2012,"cited_by_count":17}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}