How to employ agent-based modeling and simulation as a viable method in process-oriented entrepreneurship research

Shim, Jaehu (2016) How to employ agent-based modeling and simulation as a viable method in process-oriented entrepreneurship research. In 2016 Babson College Entrepreneurship Research Conference (BCERC), 8-11 June 2016, Bodo, Norway. (Unpublished)

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Over a decade, there has been a call for process-oriented conception in entrepreneurship research, yet the vast majority of entrepreneurship studies are still variance-oriented (Martinez, Yang, & Aldrich, 2011; McMullen & Dimov, 2013). Agent-based modeling and simulation (ABMS) may be a viable method for the process-oriented entrepreneurship research (Crawford et al., 2015; McKelvey, 2004). Key features of ABMS include its multi-agent and multi-level modeling capabilities. ABMS can be composed of heterogeneous agents and reproduce the emergence of a phenomenon at macro-level by each agent’s behavior at micro-level. ABMS investigates the temporal or sequential effects of their actions and interactions during the process by computer simulations. However, it is difficult to find applications of ABMS in entrepreneurship studies. This underutilization may be associated with the lack of entrepreneurship scholars’ understanding of or familiarity with the features and procedures of ABMS. In contrast, we can find relatively many agent-based models (ABMs) in business and management studies (Fioretti, 2013). Thus, in this study, we analyze the high-impact ABMs in these adjacent fields to gain methodological insights for the process-oriented entrepreneurship research.

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ID Code: 98410
Item Type: Conference Item (Other)
Refereed: No
Keywords: Agent-based modelling, Simulation, ABMS, Process-oriented research, Entrepreneurship
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2016 The Author
Deposited On: 26 Aug 2016 05:10
Last Modified: 26 Aug 2016 05:11

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