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    Rights statement: This is the peer reviewed version of the following article: Tsionas, M. G., & Patel, P. C. (2022). An entrepreneur's dilemma: An optimal stopping rule in pivoting. Managerial and Decision Economics, 1– 18. https://doi.org/10.1002/mde.3610 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/mde.3610 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

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    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

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An entrepreneur's dilemma: An optimal stopping rule in pivoting

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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An entrepreneur's dilemma: An optimal stopping rule in pivoting. / Tsionas, Mike G.; Patel, Pankaj C.
In: Managerial and Decision Economics, Vol. 43, No. 8, 31.12.2022, p. 3498-3515.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Tsionas, MG & Patel, PC 2022, 'An entrepreneur's dilemma: An optimal stopping rule in pivoting', Managerial and Decision Economics, vol. 43, no. 8, pp. 3498-3515. https://doi.org/10.1002/mde.3610

APA

Tsionas, M. G., & Patel, P. C. (2022). An entrepreneur's dilemma: An optimal stopping rule in pivoting. Managerial and Decision Economics, 43(8), 3498-3515. https://doi.org/10.1002/mde.3610

Vancouver

Tsionas MG, Patel PC. An entrepreneur's dilemma: An optimal stopping rule in pivoting. Managerial and Decision Economics. 2022 Dec 31;43(8):3498-3515. Epub 2022 Mar 26. doi: 10.1002/mde.3610

Author

Tsionas, Mike G. ; Patel, Pankaj C. / An entrepreneur's dilemma : An optimal stopping rule in pivoting. In: Managerial and Decision Economics. 2022 ; Vol. 43, No. 8. pp. 3498-3515.

Bibtex

@article{4d6fe78932b644169ab60ba4769e0ffe,
title = "An entrepreneur's dilemma: An optimal stopping rule in pivoting",
abstract = "Though pivoting is widely practiced by entrepreneurs, an optimal stopping rule in pivoting remains unexplored. Proposing an optimal foraging model and accounting for competition in exploiting an opportunity, we identify an optimal stopping rule of 30% gain-to-loss ratio. That is, additional gains are less feasible when 70% of the pivoting across future plausible versions of opportunities are traversed to. The findings have practical implications for entrepreneurs.",
keywords = "Management of Technology and Innovation, Management Science and Operations Research, Strategy and Management, Business and International Management",
author = "Tsionas, {Mike G.} and Patel, {Pankaj C.}",
note = "This is the peer reviewed version of the following article: Tsionas, M. G., & Patel, P. C. (2022). An entrepreneur's dilemma: An optimal stopping rule in pivoting. Managerial and Decision Economics, 1– 18. https://doi.org/10.1002/mde.3610 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/mde.3610 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving. ",
year = "2022",
month = dec,
day = "31",
doi = "10.1002/mde.3610",
language = "English",
volume = "43",
pages = "3498--3515",
journal = "Managerial and Decision Economics",
issn = "0143-6570",
publisher = "John Wiley and Sons Ltd",
number = "8",

}

RIS

TY - JOUR

T1 - An entrepreneur's dilemma

T2 - An optimal stopping rule in pivoting

AU - Tsionas, Mike G.

AU - Patel, Pankaj C.

N1 - This is the peer reviewed version of the following article: Tsionas, M. G., & Patel, P. C. (2022). An entrepreneur's dilemma: An optimal stopping rule in pivoting. Managerial and Decision Economics, 1– 18. https://doi.org/10.1002/mde.3610 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1002/mde.3610 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

PY - 2022/12/31

Y1 - 2022/12/31

N2 - Though pivoting is widely practiced by entrepreneurs, an optimal stopping rule in pivoting remains unexplored. Proposing an optimal foraging model and accounting for competition in exploiting an opportunity, we identify an optimal stopping rule of 30% gain-to-loss ratio. That is, additional gains are less feasible when 70% of the pivoting across future plausible versions of opportunities are traversed to. The findings have practical implications for entrepreneurs.

AB - Though pivoting is widely practiced by entrepreneurs, an optimal stopping rule in pivoting remains unexplored. Proposing an optimal foraging model and accounting for competition in exploiting an opportunity, we identify an optimal stopping rule of 30% gain-to-loss ratio. That is, additional gains are less feasible when 70% of the pivoting across future plausible versions of opportunities are traversed to. The findings have practical implications for entrepreneurs.

KW - Management of Technology and Innovation

KW - Management Science and Operations Research

KW - Strategy and Management

KW - Business and International Management

U2 - 10.1002/mde.3610

DO - 10.1002/mde.3610

M3 - Journal article

VL - 43

SP - 3498

EP - 3515

JO - Managerial and Decision Economics

JF - Managerial and Decision Economics

SN - 0143-6570

IS - 8

ER -