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The Science of What Is Possible

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Informational Entrepreneurship in a World with Limited Insight

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Abstract

This chapter reports on the testing of informational entrepreneurship by three very different population samples—(1) MBA students, (2) the working poor, and (3) technically trained employees of a large corporation—which is really a test of what is possible, when attempting to identify entrepreneurial discoveries. Its appendix contains the protocols for the testing. It demonstrates how all of the subjects were trained to use specific information to find discoveries at a rate that was always more effective than the extant prescription to stay alert. Also, this chapter operationalizes training protocols for employing constrained, systematic search, which can be copied by aspirants who wish to become informational entrepreneurs.

I had been eager to test constrained, systematic search experimentally but I could not administer the training protocols by myself. As this chapter explains the protocols were administered experimentally to MBA students, welfare mothers and technically trained employees. For these efforts, I relied on capable students and colleagues, including Patrick Migliore, Pankaj Patel, Mahesh Gupta, Robert Nixon, Van Clouse, Bill Norton and Karen Bishop. Additionally, Drs Nixon, Clouse and Bishop enthusiastically used the protocols to train more than 800 undergraduate and graduate students in constrained, systematic search, which quickly increased its impact.

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  1. University of Louisville, Louisville, KY, USA

    James O. Fiet

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  1. James O. Fiet
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Correspondence to James O. Fiet .

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Fiet, J.O. (2023). The Science of What Is Possible. In: Informational Entrepreneurship in a World with Limited Insight. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-16532-0_6

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