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Informational Entrepreneurship in a World with Limited Insight

Palgrave Macmillan

Authors:

  • Codifies the new field of informational entrepreneurship with experimentally tested principles

  • Proposes decision support tools to use in entrepreneurship education

  • Argues for a scientific approach to entrepreneurship

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • ISBN: 978-3-031-16532-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 169.99
Price excludes VAT (USA)

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xix
  2. Successful Anomalies

    • James O. Fiet
    Pages 1-23
  3. Positioning in Time and Space

    • James O. Fiet
    Pages 25-48
  4. Informational Entrepreneurship

    • James O. Fiet
    Pages 49-76
  5. Estimating Wealth Potential

    • James O. Fiet
    Pages 77-122
  6. The Science of What Is Possible

    • James O. Fiet
    Pages 157-220
  7. Preventing Bias in Testing

    • James O. Fiet
    Pages 221-245
  8. Arbitrage Using Windows of Opportunity

    • James O. Fiet
    Pages 247-256
  9. Forgiving Business Models

    • James O. Fiet
    Pages 257-280
  10. Cooperative Arrangements

    • James O. Fiet
    Pages 281-309
  11. Wealth Accumulation

    • James O. Fiet
    Pages 311-324
  12. A Challenge for the Field

    • James O. Fiet
    Pages 325-333
  13. Back Matter

    Pages 335-345

About this book

This book organizes entrepreneurship theory in a way that constitutes a new body of knowledge, which is Informational Entrepreneurship.  It can serve as a basis for teaching entrepreneurship and reducing performance uncertainty.  Although entrepreneurship is not entirely about information, information determines how it can be systematically understood while depending less on luck.  It also offers the only known, experimentally tested approach that incorporates decision support tools.  Other known approaches rely on exposition for validation; whereas, Informational Entrepreneurship uses two-sample experiments that controlled for other explanations as well as experimenter bias.  It will appeal to those studying and teaching entrepreneurship who are looking for a prescriptive approach, rather than a descriptive approach.

Keywords

  • constrained, sysematic search
  • formal proof
  • informational economics
  • time and space
  • forgiving business models
  • arbitrage entrepreneurship
  • economies of scope
  • wealth creating potential
  • controlled testing
  • entrepreneurship education

Reviews

“Informational Entrepreneurship in a World with Limited Insight”, by James O. Fiet, is an excellent attempt to put together a complex topic in simple and scientific way. The use of boxes, figures, and tables makes the book reader friendly. The book combines theoretical and prescriptive solutions to provide a systematic understanding of ways to enhance entrepreneurial performance. It is an invaluable resource for entrepreneurship researchers, aspiring entrepreneurs and educators.” (Alka Gupta, Associate Editor at Southern Asian Journal of Human Resource Management)

“This novel and innovative book focuses on the topical subject of Informational Entrepreneurship. It presents new thinking about what is possible from an entrepreneurial perspective. I highly recommend it for its practical and useful insights.” (Vanessa Ratten, Associate Professor, Department of Management and Marketing, La Trobe University, Victoria, Australia)

Authors and Affiliations

  • University of Louisville, Louisville, USA

    James O. Fiet

About the author

James O. Fiet is the Brown-Forman Chair in Entrepreneurship and Professor of Management at the University of Louisville, USA. He founded both the entrepreneurship PhD program and the Institute for Entrepreneurial Research. He is in the top 1% of all entrepreneurship researchers world-wide with more than 63,000 research reads. According to Stanford University, he is in the top 2% of all scientists in the world across all disciplines. He was an editor for 10 years of Entrepreneurship Theory and Practice, which was the #2 ranked journal for all business disciplines. Before his appointment as editor, the journal was unranked. He published the most cited entrepreneurship article during the last 8 years. He has published the following theoretical treatises: The Systematic Search for Entrepreneurial Discoveries (2002); Prescriptive Entrepreneurship (2008); Time, Space and Entrepreneurship (2020); The Theoretical World of Entrepreneurship (2022); and, The Entrepreneurial Solution to Poverty and the Science of What Is Possible (2022). Coming soon is Entrepreneurship in a Postmodern Age.

Bibliographic Information

  • Book Title: Informational Entrepreneurship in a World with Limited Insight

  • Authors: James O. Fiet

  • DOI: https://doi.org/10.1007/978-3-031-16532-0

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

  • Hardcover ISBN: 978-3-031-16531-3Published: 02 November 2022

  • Softcover ISBN: 978-3-031-16534-4Due: 16 November 2023

  • eBook ISBN: 978-3-031-16532-0Published: 01 November 2022

  • Edition Number: 1

  • Number of Pages: XIX, 345

  • Number of Illustrations: 10 b/w illustrations

  • Topics: Entrepreneurship, Management Education, Management

Buying options

eBook USD 129.00
Price excludes VAT (USA)
  • ISBN: 978-3-031-16532-0
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 169.99
Price excludes VAT (USA)