Social Networks and Emotions: Implications for the Rationality of Entrepreneurial Strategic Decision Making, PN-II-RU-TE-2013-4-2111
Summary: Entrepreneurs and entrepreneurial action have important and long lasting implications: they provide job opportunities, innovate or get out of business due to mindless strategic decisions. It is therefore relevant to study the way they make entrepreneurial strategic decisions (ESDM), which involve high stakes for the company. Although the literature on ESDM has proliferated in the last decades, the positive value of the so-called ecological heuristics (i.e. heuristics that match the structure of the decision environment and produce positive decision outcomes, while saving time and energy resources for the entrepreneurs) remain largely unexplained. Therefore, this project aims to: (1) explore the way the characteristics of the social network influences the ecological rationality of the ESDM and its effectiveness, and (2) explore how emotions and emotion regulation strategies influence the ecological rationality and effectiveness of the ESDM.