Management Research Seminar Series - Johan Wiklund
The Potential Utility of Impulsivity in the New Venture Startup Process - An Agent-Based Modeling Approach
***M.Sc. Students in Management, this event can count towards one of the six mandatory Research Seminars Series needed to attend (MGT6991).***
Johan Wiklund, PhD.
Al Berg Chair and Professor of Entrepreneurship, Whitman School of Management, Syracuse University; Professor Two, Nord University, Norway
Advances in neuroscience suggest that human behavior is much less rational and far more impulsive than assumed by traditional organizational theory. Yet, impulsivity has received little attention in extant management literatures. In this paper, we explore if the speed associated with impulsivity outweighs its negatives over time. We utilize the speed versus accuracy tradeoff framework within the context of a startup environment, where both conceptual and empirical uncertainty are high. Leveraging the agent-based modeling simulation technique, we derive a theoretical model suggesting that while impulsivity is often not adaptive, its inherent bias for rapid action may serve entrepreneurs well when creating new firms in high uncertainty, high munificence environments.
About the Speaker
Johan Wiklund is the Al Berg Chair and Professor of Entrepreneurship at Whitman School of Management, Syracuse University, USA, and Professor Two at Nord University, Norway. His research interests include neurodiversity and mental well-being in entrepreneurship as well as the entry, performance, and exit of entrepreneurial firms. He is considered a leading authority in entrepreneurship research with over 100 articles appearing in leading entrepreneurship and management journals and over 33,000 citations to his research. He is Editor-in-Chief for Entrepreneurship Theory and Practice, a premier entrepreneurship journal. A prolific advisor of Ph.D. students, he received the Academy of Management Entrepreneurship Division Mentor Award in 2011.
