Using Creativity to Defeat Fear and Manage Ambiguity for Enhancing Entrepreneurial Decisions

Arpan Shailesh Yagnik, Yamini Chandra

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Scopus citations

Abstract

The present chapter focuses on creativity and its potential role in overcoming fear and tolerating ambiguity. Both fear and ambiguity are known to be deterrents of entrepreneurial decisions. In this chapter, entrepreneurial decision-making is discussed as a part of strategic and cognitive process, Creative Aerobics (CA) is introduced as a strategy for enhancing creativity, and finally the key role CA can play in overcoming fear and negotiating and tolerating ambiguity/uncertainty to enhance entrepreneurial decision-making process is discussed. This chapter presents a conceptual model mapping the relation between creativity, fear, ambiguity and entrepreneurial decisions. Review of conceptual and empirical literature in the field was adopted as a methodology to bring forth the possibility of the relationship model. The chapter also emphasizes the need for creativity enhancement and presents CA as a strategy to enhance creativity. CA, a four-step ideation system, can help entrepreneurs generate multiple ideas/solutions in quick succession.

Original languageEnglish (US)
Title of host publicationContributions to Management Science
PublisherSpringer
Pages9-28
Number of pages20
DOIs
StatePublished - Jan 1 2019

Publication series

NameContributions to Management Science
ISSN (Print)1431-1941
ISSN (Electronic)2197-716X

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Management Science and Operations Research
  • Marketing
  • Management of Technology and Innovation

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    Yagnik, A. S., & Chandra, Y. (2019). Using Creativity to Defeat Fear and Manage Ambiguity for Enhancing Entrepreneurial Decisions. In Contributions to Management Science (pp. 9-28). (Contributions to Management Science). Springer. https://doi.org/10.1007/978-3-030-19685-1_2