Entrepreneurial alertness in eustress complex environments: An experimental approach of the exploitation/exploration dilemma

Thierry Aimar, Yassine Bouhdaoui, Guillermo Mateu and Angela Sutan
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Thierry Aimar: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Guillermo Mateu: UBFC - Université Bourgogne Franche-Comté [COMUE], BSB - Burgundy School of Business (BSB) - Ecole Supérieure de Commerce de Dijon Bourgogne (ESC), CEREN - Centre de Recherche sur l'ENtreprise [Dijon] - BSB - Burgundy School of Business (BSB) - Ecole Supérieure de Commerce de Dijon Bourgogne (ESC)

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Abstract: Technological and organizational constraints hinder entrepreneurial ability in alertly selecting/exploiting new opportunities. This article aims at showing that the complexity of the environment shapes entrepreneurial alertness. We build an experiment to mimic the choice alertness process (a case of eustress) and measure alertness and its relations with opportunity appearances, entrepreneurial effort, and complexity of the production structure. We show that alertness increases with the selection of more opportunities, but not with the complexity of the environment itself. At the same time, the entrepreneurial effort rate reduces alertness significantly more when participants are in a complex environment.

Keywords: Alertness; Eustress; Experiment; Exploitation; Exploration (search for similar items in EconPapers)
Date: 2020-05
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Published in Strategic Change, 2020, 29 (3), pp.301-309. ⟨10.1002/jsc.2329⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03212942

DOI: 10.1002/jsc.2329

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