In this innovative study of entrepreneurship as an experiential process, Morris (Oklahoma State U.) and other entrepreneurship scholars examine venture creation from anthropological,
sociological, and psychological perspectives. For example, entrepreneurship is viewed in terms of the psychological constructs of peak experience, peak performance, and flow. Following a
summary of definitions of the constructs of ’experience’ and ’experiencing’ from these disciplines, they propose a model of meaning construction in entrepreneurship built around the core
variables of intuitive decision-making, effectuation, i.e., bringing about something new with the means at hand, and passion for the venture. As the title suggests, the authors recommend that
further research emphasize the interaction of biological and contextual factors rather than treat the nature/nurture question as an either/or proposition in regard to entrepreneurs. Annotation
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