Are you interested in entrepreneurship and innovation policy? The Connecticut Center for Entrepreneurship and Innovation co-organizes the Entrepreneurship & Innovation Virtual Research Seminar Series! Join the mailing list for seminar announcements here: https://mailchi.mp/3d0399d764f5/eip-virtual-research-seminar
Prior research suggests that firms in entrepreneurial settings benefit from a scientific approach to decision-making that combines cognitive and evidence-based components. But to what extent and under what conditions is the scientific approach to decision-making associated with superior performance? To address this question, we conducted a field experiment with 261 UK entrepreneurs at different stages of business development, training half of them on a scientific approach to decision-making. Our results show that firms make the most of scientific decision-making when they are at a more advanced stage of development, as they generate higher revenues and productivity. We elaborate on the mechanisms behind this result and the implications for future research.
The next seminar will be on April 20: from 11:00 am to 12:15 am Chiara Spina (INSEAD - Singapore) - will present "When do Entrepreneurs Benefit from Acting Like Scientists? A Field Experiment in the UK" (with Elena Novelli).
Please register for the event here:
https://us06web.zoom.us/meeting/register/tZErcO-urjktHtalxf6r5PbS2rpInL-eqLdo
For more information, contact: Timothy Folta at timothy.folta@uconn.edu