Dear Colleagues,
The next Entrepreneurship and Innovation Policy research virtual seminar is April 20, from 11:00-12:15 ET. Chiara Spina (INSEAD - Singapore) will present "When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK" (with E Novelli). Valentina Tartari (Copenhagen Business School) will present. Click HERE to register. Abstract is below. We hope you join us.
See our seminar schedule HERE.
Tim Folta (UCONN) & Maryann Feldman (ASU)
Abstract: Prior research suggests that firms in entrepreneurial settings benefit from a scientific approach to decision-making that combines cognitive and evidence-based components. But to what extent and under what conditions is the scientific approach to decision-making associated with superior performance? To address this question, we conducted a field experiment with 261 UK entrepreneurs at different stages of business development, training half of them on a scientific approach to decision-making. Our results show that firms make the most of scientific decision-making when they are at a more advanced stage of development, as they generate higher revenues and productivity. We elaborate on the mechanisms behind this result and the implications for future research.