Research Handbooks in Business and Management series
Edited by J. Robert Mitchell, Ronald K. Mitchell and Brandon Randolph-Seng
Chapter 14: The whole deal: models, metaphors and mechanisms in entrepreneurial cognition
The recognition that cognition is embodied within entrepreneurs as unique people sets the stage for an examination of both formal and informal models as tools for entrepreneurial cognition research. To minimize the loss in fidelity, as researchers construct models to represent more complex phenomena, models must be: simple, parsimonious, observable and interesting. Of the four model types that emerge from model building, informal non-essentialist models (i.e., constructive models) have the advantage that they do not overspecify definitions (simplicity and parsimony); and they consist of heuristics that embody ‘even-if’ rather than ‘as-if’ conceptions of situations and behaviors (observability and interest). In this chapter, after the foregoing discussion of model-building veracity, the theory of effectuation is introduced as a constructive model, characteristic of a science of the artificial: where thinking-based heuristics are utilized to unpack its behavioral assumptions into embodied even-if conceptualizations that explain entrepreneurship in cognitive terms.
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