Entrepreneurial innovation, judgment, and decision-making as a virtuous process

Abstract

Entrepreneurial Innovation is one of the issues that nowadays arouses the interest of academics and practitioners. Efforts made until now, focus on procedures and context through and where entrepreneurial action is enacted. Recently this interest has turned toward the entrepreneurial mindset (European Commission 2016) that provides intention to the set of competences that the entrepreneur deploys along the innovation process. Through this special issue IEMJ calls for research that provides a better understanding of the entrepreneur’s process in looking for and discovering new opportunities for value creation. In this introductory paper a virtuous process is proposed that relies on Austrian School tradition: Entrepreneurial judgement, context understanding, resources and wills mobilization, exploratory leaning and focus on value creation that fit non-served needs.