Architecture of Entrepreneurial Learning: Exploring the Link Among Heuristics, Knowledge, and Action

44 Pages Posted: 29 Dec 2008

See all articles by Tim R. Holcomb

Tim R. Holcomb

Miami University - Farmer School of Business

R. Duane Ireland

Texas A&M University - Department of Management

R. Michael Holmes

Florida State University - Department of Management

Michael A. Hitt

Texas A&M University - Department of Management; Texas Christian University

Multiple version iconThere are 2 versions of this paper

Date Written: January 1, 2009

Abstract

We extend existing theories of entrepreneurial learning and highlight the effects of heuristics under two different learning contexts: experiential learning and vicarious learning. Specifically, we argue that heuristics are consequential in explaining variations in learning. In some cases, heuristics can be highly adaptive and beneficial to the accumulation of knowledge. In others, they can distort judgments and bias learning. By considering linkages among heuristics, knowledge, and action, we seek to provide a more complete model of entrepreneurial learning that allows for examination of the influence of judgments on learning and to expose conditions that can benefit or limit effective action in an entrepreneurial setting.

Keywords: entrepreneurial learning, heuristics, knowledge, entrepreneurial action, strategic entrepreneurship

Suggested Citation

Holcomb, Tim R. and Ireland, R. Duane and Holmes, R. Michael and Hitt, Michael A., Architecture of Entrepreneurial Learning: Exploring the Link Among Heuristics, Knowledge, and Action (January 1, 2009). Entrepreneurship Theory and Practice (Special Issue on Strategic Entrepreneurship), Vol. 33, No. 1, pp. 173-198, 2009. Available at SSRN: https://ssrn.com/abstract=1321058

Tim R. Holcomb (Contact Author)

Miami University - Farmer School of Business ( email )

Oxford, OH 45056
United States

HOME PAGE: http://fsb.miamioh.edu/

R. Duane Ireland

Texas A&M University - Department of Management ( email )

430 Wehner
College Station, TX 77843-4218
United States

R. Michael Holmes

Florida State University - Department of Management ( email )

United States

Michael A. Hitt

Texas A&M University - Department of Management ( email )

430 Wehner
College Station, TX 77843-4218
United States
979-458-3393 (Phone)

Texas Christian University ( email )

Fort Worth, TX 76129
United States

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