Perceiving and managing business risks: differences between entrepreneurs and bankers

被引:194
|
作者
Sarasvathy, DK [1 ]
Simon, HA [1 ]
Lave, L [1 ]
机构
[1] Carnegie Mellon Univ, Grad Sch Ind Adm, Donald H Jones Ctr Entrepreneurship, Pittsburgh, PA 15213 USA
关键词
risk perception; risk management; entrepreneurship; verbal protocols; decision making;
D O I
10.1016/S0167-2681(97)00092-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
We compared entrepreneurs with bankers in their perception and management of a variety of risks. Problems included financial risk, risk to human life and health, and risk of a natural disaster. Cluster analysis and content analysis of think-aloud protocols revealed surprising details. Entrepreneurs accept risk as given and focus on controlling the outcomes at any given level of risk; they also frame their problem spaces with personal values and assume greater personal responsibility for the outcomes. Bankers focus on target outcomes - attempting to control risk within structured problem spaces and avoiding situations where they risk higher levels of personal responsibility. Published by Elsevier Science B.V.
引用
收藏
页码:207 / 225
页数:19
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