Mapping neurobiological drivers to entrepreneurial proclivity.
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SMITH, R., 2010. Mapping neurobiological drivers to entrepreneurial proclivity. In: A.A. STANTON, M. DAY and I.M. WELPE, eds. Neuroeconomics and the firm. Edward Elgar. pp. 193-216.
This chapter contributes from a theoretical and practical perspective providing an overview of emerging research strands in entrepreneurship and neuroeconomics. This review maps and unites the research in a unified narrative, understandable to economists, entrepreneurship scholars and the scientific and social scientific communities. It links disparate theories and discusses them at a layman’s level. We consider how:- Entrepreneurial proclivity has a socio-biological context. Neuroeconomics facilitate our understanding of organizational processes and of entrepreneurship. Neuroscientific tools help to identify the drivers of entrepreneurial proclivity. These map the pre-decisional dynamics of the entrepreneurial process. Trait research is expanding to consider states, drives and forces. The links between genetics, cognition and the neurobiological basis for dyslexia. Endocrinal influences such as testosterone effect entrepreneurial proclivity. From this a conceptual model is developed illustrating linkages with other internal human internal drives such as the theological and libido. We consider whether certain people are genetically and psychologically hardwired to become successful entrepreneurs and if hormones such as testosterone and adrenaline influence human drives. Finally, the theoretical contributions of the research are considered, which point to the emergence of a new genre of entrepreneurship research that is both scientifically and empirically rigorous. In collating these exciting developments in neuroscience, neuroeconomics and neuroentrepreneurship we enhance our understanding of how these inform organizational theory and research methodologies.