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From venture idea to venture formation : the role of sensemaking, sensegiving and sense receiving

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Abstract
This article explores the sensemaking processes entrepreneurs use when transitioning between venture ideas and venture formation. Adopting a sensemaking/sensegiving approach and utilising an interpretivist methodology, we use sensemaking to analyse the entrepreneurial journey of four diverse entrepreneurs. In so doing, we make three contributions: first, we locate the early stages of the entrepreneurial context as a primary site where sensemaking occurs as entrepreneurs deal with the differences between expectations and reality. Second, we show how sensemaking occurs when entrepreneurs build a causal map of the problem they wish to address and how social exchanges are crucial as entrepreneurs then refine that idea with other sensegivers. Finally, we extend scholarly understanding through explaining the ways in which sensemaking, sensegiving and sense receiving contribute to the decision of entrepreneurs to act and create a new venture.

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Chicago
Hoyte, Cherisse, Hannah Noke, Simon Mosey, and Susan Marlow. 2019. “From Venture Idea to Venture Formation : the Role of Sensemaking, Sensegiving and Sense Receiving.” International Small Business Journal-researching Entrepreneurship.
APA
Hoyte, C., Noke, H., Mosey, S., & Marlow, S. (2019). From venture idea to venture formation : the role of sensemaking, sensegiving and sense receiving. INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP.
Vancouver
1.
Hoyte C, Noke H, Mosey S, Marlow S. From venture idea to venture formation : the role of sensemaking, sensegiving and sense receiving. INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP. 2019;
MLA
Hoyte, Cherisse et al. “From Venture Idea to Venture Formation : the Role of Sensemaking, Sensegiving and Sense Receiving.” INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP (2019): n. pag. Print.
@article{8609931,
  abstract     = {This article explores the sensemaking processes entrepreneurs use when transitioning between venture ideas and venture formation. Adopting a sensemaking/sensegiving approach and utilising an interpretivist methodology, we use sensemaking to analyse the entrepreneurial journey of four diverse entrepreneurs. In so doing, we make three contributions: first, we locate the early stages of the entrepreneurial context as a primary site where sensemaking occurs as entrepreneurs deal with the differences between expectations and reality. Second, we show how sensemaking occurs when entrepreneurs build a causal map of the problem they wish to address and how social exchanges are crucial as entrepreneurs then refine that idea with other sensegivers. Finally, we extend scholarly understanding through explaining the ways in which sensemaking, sensegiving and sense receiving contribute to the decision of entrepreneurs to act and create a new venture.},
  articleno    = {UNSP 0266242618818876},
  author       = {Hoyte, Cherisse and Noke, Hannah and Mosey, Simon and Marlow, Susan},
  issn         = {0266-2426},
  journal      = {INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP},
  language     = {eng},
  title        = {From venture idea to venture formation : the role of sensemaking, sensegiving and sense receiving},
  url          = {http://dx.doi.org/10.1177/0266242618818876},
  year         = {2019},
}

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