Purpose – Previous research has predominantly approached the concept of entrepreneurial opportunities from either one of two perspectives: opportunities exist as objective phenomena in the environment waiting to be discovered by alert entrepreneurs, or opportunities are subjectively perceived...

Previous research regarding innovative product introduction has often resulted in opposing outcomes. Some researchers have argued that market pioneers attain superior market share, achieve higher profitability, establish superior reputations, and gain cost advantages over later entrants while...

Previous studies on entrepreneurship have not differentiated between types of entrepreneurial decisions or new venture environments, assuming they were homogenous in terms of task and context. The authors examine the ways in which decision context causes particular biases, and how these biases,...