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Risk propensity, risk perception and business plan formalisation: a conceptual investigation

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TLDR
In this article, the authors analyse the risk propensity and risk perception of the entrepreneur and determine if these affect the degree of formalization in business plans, using interviews with 12 entrepreneurs in the business-to-business sector.
Abstract
The objective of this research is to analyse the risk propensity and risk perception of the entrepreneur and determine if these affect the degree of formalisation in business plans. This was accomplished by in-depth interviews with 12 entrepreneurs in the business-to-business sector. Risk propensity was constructed as a multi-dimensional construct. Results showed partial support for increased formality of business plans where risk propensity was high and risk perception (controllability of uncertainty) was low. Further there is strong support for lower risk propensity of experienced entrepreneurs.

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The Achieving Society

TL;DR: The authors argued that cultural customs and motivations, especially the motivation for achievement, are the major catalysts of economic growth and proposed a plan to accelerate economic growth in developing countries by encouraging and supplementing their achievement motives through mobilizing the greater achievement resources of developed countries.
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Entrepreneurial competences in a higher education business plan course

TL;DR: In this paper, the authors analyzed the role played by business plans in perceptions and attainment of competence, and found evidence that the process of creating a business plan results in entrepreneurial competence being highly rated and that whether the business plan is real or fictitious does not affect the level of entrepreneurial competence.
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Risk perception and propensity in bid/no-bid decision-making of construction projects

TL;DR: In this paper, the authors explore the relationship among decision makers' risk perception, risk propensity, and their bid/no-bid decision making of construction projects, as well as the factors influencing the risk perception and propensity.
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The future of enterprise and entrepreneurship education

TL;DR: In this article, the authors evaluated the impact of entrepreneurship education programs (EEPs) from students' and educators' viewpoint to improve the quality of EEPs by applying a qualitative-quantitative methodology.
References
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Book Chapter

Case study research

Jean Hartley
TL;DR: The comprehensive and accessible nature of this collection will make it an essential and lasting handbook for researchers and students studying organizations.
Book

Nonparametric Statistical Methods

TL;DR: An ideal text for an upper-level undergraduate or first-year graduate course, Nonparametric Statistical Methods, Second Edition is also an invaluable source for professionals who want to keep abreast of the latest developments within this dynamic branch of modern statistics.
Book

The Achieving Society

TL;DR: This paper argued that cultural customs and motivations, especially the motivation for achievement, are the major catalysts of economic growth and proposed a plan to accelerate economic growth in developing countries by encouraging and supplementing their achievement motives through mobilizing the greater achievement resources of developed countries.
Posted Content

The Achieving Society

TL;DR: This article argued that cultural customs and motivations, especially the motivation for achievement, are the major catalysts of economic growth and proposed a plan to accelerate economic growth in developing countries by encouraging and supplementing their achievement motives through mobilizing the greater achievement resources of developed countries.
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