Institutional Logics and Entrepreneurial Action: The link between agency & opportunity exploitation

Abstract

Entrepreneurial action requires judgment and decision-making regarding means and ends, how entrepreneurs might combine different means and ends through action, and the outcomes different means-end combinations might produce. To date, this literature has focused on characteristics of the entrepreneur (i.e. human capital, motivation, emotion, etc.) as well as characteristics of the choice context (i.e. uncertainty competition, dynamism, etc.) to explain entrepreneurial judgment and decision-making. We know much less about the role of agency–how entrepreneurs act according to their own free will–or the factors that influence how agency is exercised. To address this gap, we draw on the concept o..