Author(s)

Dan Long ¹, Lingduan Xiang ¹, Yalong Wei ¹

Affiliation(s)

¹ School of Management, Hefei University of Technology, Hefei, Anhui, 230009, China

Corresponding Author

Dan Long

ABSTRACT

Entrepreneurial decision-making methods significantly influence the success of new ventures. They have been hot topics of entrepreneurship research. With the booming development of digital technology, entrepreneurial decision-making methods have changed.  It is necessary to review the research on entrepreneurial decision-making methods, so as to lay a theoretical foundation for further research. This paper systematically reviews the literature on three entrepreneurial decision-making methods and summarizes their evolutionary patterns. This study clarifies the conceptual connotation and research structure of the three entrepreneurial decision-making methods. Meanwhile, the current research status of the three entrepreneurial decision-methods is summarized systematically. Finally, the future research direction is prospected.

KEYWORDS

Entrepreneurial decision-making methods, causation, effectuation, lean startup

CITE THIS PAPER

Dan Long, Lingduan Xiang, Yalong Wei, Entrepreneurial Decision-Making Methods: The Evolution and Research Agenda. Industrial Engineering and Innovation Management (2023) Vol. 6: 21-31. DOI: http://dx.doi.org/10.23977/ieim.2023.060503.

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