Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing

Ute Stephan

Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing

Strategy, Intl Mgt & Entrepreneurship

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter reviews individual-level perspectives on how entrepreneurs navigate uncertainty. Integrating perspectives from research on entrepreneurial action and from research on entrepreneurial wellbeing, I then outline a micro-level self-regulatory model of entrepreneurs’ uncertainty management. This model considers cognitive appraisal processes alongside immediate emotional reactions and longer-term wellbeing as important drivers of entrepreneurial actions (opening, closing or non-action) to leverage or reduce uncertainty, contingent on entrepreneurs’ uncertainty capabilities. In turn, entrepreneurs’ appraisals of action outcomes feedback to alter perceived uncertainty (reducing or creating new uncertainty), uncertainty appraisals (as challenge, threat, or irrelevant), uncertainty capabilities, and action choices. The chapter offers new insights to research on entrepreneurial action and entrepreneurial wellbeing through integrating cognitive and emotional processes and helps to understand when, why and how uncertainty can result in positive or negative outcomes for the entrepreneur including eudaimonic wellbeing or illbeing, adaptive action or identity uncertainty and exit from entrepreneurship.

Original language	English
Title of host publication	The Oxford Handbook of Uncertainty Management in Work Organizations The Oxford Handbook of Uncertainty Management in Work Organizations
Editors	Mark A. Griffin, Gudula Grote
Place of Publication	Oxford
Publisher	Oxford University Press
ISBN (Print)	9780197501061, 9780197501092
Publication status	Accepted/In press - Aug 2023

Keywords

entrepreneurship
uncertainty
action
stress
well-being
wellbeing
self-regulation
coping

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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title = "Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing",

abstract = "This chapter reviews individual-level perspectives on how entrepreneurs navigate uncertainty. Integrating perspectives from research on entrepreneurial action and from research on entrepreneurial wellbeing, I then outline a micro-level self-regulatory model of entrepreneurs{\textquoteright} uncertainty management. This model considers cognitive appraisal processes alongside immediate emotional reactions and longer-term wellbeing as important drivers of entrepreneurial actions (opening, closing or non-action) to leverage or reduce uncertainty, contingent on entrepreneurs{\textquoteright} uncertainty capabilities. In turn, entrepreneurs{\textquoteright} appraisals of action outcomes feedback to alter perceived uncertainty (reducing or creating new uncertainty), uncertainty appraisals (as challenge, threat, or irrelevant), uncertainty capabilities, and action choices. The chapter offers new insights to research on entrepreneurial action and entrepreneurial wellbeing through integrating cognitive and emotional processes and helps to understand when, why and how uncertainty can result in positive or negative outcomes for the entrepreneur including eudaimonic wellbeing or illbeing, adaptive action or identity uncertainty and exit from entrepreneurship.",

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author = "Ute Stephan",

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language = "English",

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editor = "Griffin, {Mark A.} and Gudula Grote",

booktitle = "The Oxford Handbook of Uncertainty Management in Work Organizations The Oxford Handbook of Uncertainty Management in Work Organizations",

publisher = "Oxford University Press",

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Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing. / Stephan, Ute.
The Oxford Handbook of Uncertainty Management in Work Organizations The Oxford Handbook of Uncertainty Management in Work Organizations. ed. / Mark A. Griffin; Gudula Grote. Oxford: Oxford University Press, 2023.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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T1 - Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing

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AB - This chapter reviews individual-level perspectives on how entrepreneurs navigate uncertainty. Integrating perspectives from research on entrepreneurial action and from research on entrepreneurial wellbeing, I then outline a micro-level self-regulatory model of entrepreneurs’ uncertainty management. This model considers cognitive appraisal processes alongside immediate emotional reactions and longer-term wellbeing as important drivers of entrepreneurial actions (opening, closing or non-action) to leverage or reduce uncertainty, contingent on entrepreneurs’ uncertainty capabilities. In turn, entrepreneurs’ appraisals of action outcomes feedback to alter perceived uncertainty (reducing or creating new uncertainty), uncertainty appraisals (as challenge, threat, or irrelevant), uncertainty capabilities, and action choices. The chapter offers new insights to research on entrepreneurial action and entrepreneurial wellbeing through integrating cognitive and emotional processes and helps to understand when, why and how uncertainty can result in positive or negative outcomes for the entrepreneur including eudaimonic wellbeing or illbeing, adaptive action or identity uncertainty and exit from entrepreneurship.

KW - entrepreneurship

KW - uncertainty

KW - action

KW - stress

KW - well-being

KW - wellbeing

KW - self-regulation

KW - coping

M3 - Chapter

SN - 9780197501061

SN - 9780197501092

BT - The Oxford Handbook of Uncertainty Management in Work Organizations The Oxford Handbook of Uncertainty Management in Work Organizations

A2 - Griffin, Mark A.

A2 - Grote, Gudula

PB - Oxford University Press

CY - Oxford

ER -

Psychological Processes of Uncertainty Regulation in Individual Entrepreneurship: Uncertainty, Entrepreneurial Action, and Wellbeing

Abstract

Keywords

UN SDGs

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