Still Searching (Systematically) 1 for Entrepreneurial Discoveries

James Fiet (), Alexandre Piskounov and Pankaj Patel

Small Business Economics, 2005, vol. 25, issue 5, 489-504

Abstract: We examine how entrepreneurs can search deliberately for discoveries. We use consideration sets to impose constraints on how and where they search. A consideration set is a promising set of information channels, which entrepreneurs can select and search based on prior knowledge. To decide how to search the channels in a consideration set, we apply existing mathematical formalism to illustrate a maximal search sequence. Because there is some probability that a search sequence could continue indefinitely, we determine stopping rules. We argue that entrepreneurial search is more feasible within a consideration set than it is in the rest of the world. Copyright Springer 2005

Keywords: search; learning; information; knowledge; D83; M13 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (13)

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DOI: 10.1007/s11187-004-2277-5

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