The Decision-Making Environment for the Entrepreneurial Student

Simon Stephens (), Roisin Lyons () and Isobel Cunningham ()
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Simon Stephens: Department of Business, Letterkenny Institute of Technology, Port Road, Letterkenny, Donegal, F92 FC93, Ireland
Roisin Lyons: Department of Enterprise and Innovation, Dublin City University, Glasnevin Campus, Dublin 9, Ireland
Isobel Cunningham: Department of Business, Letterkenny Institute of Technology, Port Road, Letterkenny, Donegal, F92 FC93, Ireland

Journal of Enterprising Culture (JEC), 2021, vol. 29, issue 01, 65-78

Abstract: Entrepreneurs are a product of their social environment. The manner by which they perceive opportunities; access or process information; and make decisions is, influenced by both social interaction, and their social background. Using insights from Socially Situated Cognition (SSC) theory, that posits one’s social environment can have a normative or informative effect on decision-making process we consider proximal social factors influencing the decision-making processes of student entrepreneurs. We propose that entrepreneurial education, networking, and incubation spaces provide direct information to students to aid entrepreneurial decision-making, and indirect informational cues that are situational, synergistic and omnipresent. Noting the multi-faceted and dynamic nature of the entrepreneurial journey of the student, we explore the potential effect of each of these factors on the student decision-making process. We discuss the implications of this inquiry from a researcher and educator perspective, and note the current challenges faced by student entrepreneurs in a socially distanced educational and entrepreneurial context. It is envisaged that this paper will serve as the basis for further thought and empiricism.

Keywords: Entrepreneurs; decision-making; education; networks; incubation; students (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0218495821500047

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