David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 92 (4):513 - 530 (2010)
In this article, I argue that if we challenge some tacit assumptions of narrow rationality that endure in much of entrepreneurial studies, we can elevate entrepreneurial ethics beyond mere external constraints on rational action, and move toward fuller integration of ethics as an intrinsic part of the process of value creation itself. To this end, I propose the concept of practical wisdom as a framework for exploring entrepreneurial decision making and action that can broaden the scope of our research to recognize entrepreneurship as an inherendy normative enterprise. Specifically, I suggest that a framework built upon a concept of practical wisdom enables us to adopt a richer and more complex view of entrepreneurial decision making that is well suited to the dynamic and uncertain context of entrepreneurship. Further, this framework enriches our view of entrepreneurial ethics to include consideration of the personal character, values, and purpose of the entrepreneur. By examining entrepreneurship through a lens of practical wisdom, we can open up new avenues of fruitful inquiry for scholars of entrepreneurship
|Keywords||entrepreneurial decision making rational choice wisdom|
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References found in this work BETA
Ronald F. Duska (1993). Aristotle: A Pre-Modern Post-Modern? Implications for Business Ethics. Business Ethics Quarterly 3 (3):227-249.
R. Edward Freeman (1994). The Politics of Stakeholder Theory. Business Ethics Quarterly 4 (4):409-421.
Francis T. Hannafey (2003). Entrepreneurship and Ethics: A Literature Review. [REVIEW] Journal of Business Ethics 46 (2):99 - 110.
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John F. McVea (2007). Constructing Good Decisions in Ethically Charged Situations: The Role of Dramatic Rehearsal. [REVIEW] Journal of Business Ethics 70 (4):375 - 390.
Citations of this work BETA
Barbara Orser, Catherine Elliott & Joanne Leck (2013). Entrepreneurial Feminists: Perspectives About Opportunity Recognition and Governance. [REVIEW] Journal of Business Ethics 115 (2):241-257.
Massimiliano Matteo Pellegrini & Cristiano Ciappei (forthcoming). Ethical Judgment and Radical Business Changes: The Role of Entrepreneurial Perspicacity. Journal of Business Ethics.
Yunxia Zhu (forthcoming). The Role of Qing (Positive Emotions) and Li 1 (Rationality) in Chinese Entrepreneurial Decision Making: A Confucian Ren-Yi Wisdom Perspective. Journal of Business Ethics.
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