News

Successful Entrepreneurs Minimize Risk

risk-wide

Many scholars see entrepreneurs as action-oriented individuals who use rules of thumb and other mental heuristics to make decisions, but who do little systematic planning and analysis. In this new article, Deepak Sardana and I argue that what distinguishes successful from unsuccessful entrepreneurs is precisely that the former vary their decision-making styles, sometimes relying on heuristics and sometimes relying on systematic analysis. In our proposed framework, successful entrepreneurs assess their level of expertise and the level of ambiguity in a particular decision context and then tailor their decision-making process to reduce risk. Download the article here.

Coevolution 2.0

Going beyond my 2003 book, I have written a new paper on the "Coevolution of Industries and Important Features of their Environments." The paper develops a theory of coevolution from a rich case.

History and Strategy

I published a paper on marrying social science and history in strategy scholarship as part of this year's volume of Advances in Strategic Management. Abstract and paper available here.

Team Teaching Award

We won the Australian School of Business Team Teaching Award for the AGSM Strategic Management Year. See Photos from the Awards Ceremony.

 

Useful Websites for Scholars

AGSM - Australian School of Business

Wharton - U Penn

 


 

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