Cognitive Adaptability: The Role of Metacognition and Feedback in Entrepreneural Decision Policies
Abstract
Entrepreneurship scholars suggest that cognition can serve as a process lens through which to "reexamine the people side of entrepreneurship" by investigating the memory, learning, problem identification, and decision making abilities of entrepreneurs. This dissertation embraces such inquiry through the investigation of how individuals develop "higher-order" cognitive strategies to promote cognitive adaptability, which I define as the ability to appropriately evolve individual decision-frameworks in concert with a changing and uncertain environment. I propose that cognitive adaptability underlined an 'entrepreneurial mindset' and similar, cognitive conceptualizations of entrepreneurial decision process (McGrath and MacMillan, 2000; Hitt, Ireland & Simon, 2003). Cognitive adaptability is enabled through the development of strategies that serve to promote the process of "thinking about thinking," or more precisely metacognition. Metacognition describes a higher-order cognitive process for organizing what individuals know about themselves, tasks, situations, and their environments in such a way as to facilitate effective and dynamic cognitive functioning.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 2005
- Accession Number
- ADA434527
Entities
People
- James M. Haynie
Organizations
- University of Colorado Boulder