Entrepreneurial Decision‐Making and Behavior Under Radical Uncertainty: Boundaries and Boundlessness of Diving Into the Unknown

ABSTRACT This editorial introduces radical uncertainty as a multifaceted phenomenon in entrepreneurship that extends beyond traditional risk‐uncertainty distinctions. Radical uncertainty involves unpredictable outcomes with epistemic gaps beyond knowable outcomes that challenge conventional decision‐making models. This Special Issue presents 13 papers examining how entrepreneurs navigate this type of uncertainty through cognitive mechanisms, relational processes, and value‐driven strategies. The contributions reveal radical uncertainty as ontological, epistemic, relational, and identity based. As a result, we propose an integrative model that connects the nature of uncertainty to navigation mechanisms and consequential entrepreneurial outcomes. In this way, the papers in the Special Issue advance our understanding of resilience, adaptation, and purpose‐driven action to cope with radical uncertainty.

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Publication Details

Journal
Strategic Change
Published
2026-02-01
DOI
https://doi.org/10.1002/jsc.70049
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
0.00
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article

Entrepreneurial Decision‐Making and Behavior Under Radical Uncertainty: Boundaries and Boundlessness of Diving Into the Unknown

Bob Bastian, Massimiliano Pellegrini, Leonie Baldacchino, Laetitia Gabay‐Mariani et al.
Strategic Change
Entrepreneurship Studies and Influences
article

Entrepreneurial Decision‐Making and Behavior Under Radical Uncertainty: Boundaries and Boundlessness of Diving Into the Unknown

Bob Bastian, Massimiliano Pellegrini, Leonie Baldacchino, Laetitia Gabay‐Mariani, Andrea Caputo, Sara Sassetti
article en

Abstract

ABSTRACT This editorial introduces radical uncertainty as a multifaceted phenomenon in entrepreneurship that extends beyond traditional risk‐uncertainty distinctions. Radical uncertainty involves unpredictable outcomes with epistemic gaps beyond knowable outcomes that challenge conventional decision‐making models. This Special Issue presents 13 papers examining how entrepreneurs navigate this type of uncertainty through cognitive mechanisms, relational processes, and value‐driven strategies. The contributions reveal radical uncertainty as ontological, epistemic, relational, and identity based. As a result, we propose an integrative model that connects the nature of uncertainty to navigation mechanisms and consequential entrepreneurial outcomes. In this way, the papers in the Special Issue advance our understanding of resilience, adaptation, and purpose‐driven action to cope with radical uncertainty.

Strategic ChangeVol. 35(2)
University of Pisa (IT), University of Rome Tor Vergata (IT), University of Trento (IT), University of Malta (MT), Kedge Business School (FR), Politecnico di Milano (IT)
Decent work and economic growth
Openalex Percentile: Top 74%
Entrepreneurship Studies and Influences
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Entrepreneurial Decision‐Making and Behavior Under Radical Uncertainty: Boundaries and Boundlessness of Diving Into the Unknown — Bob Bastian, Massimiliano Pellegrini, et al. · Strategic Change (2026) | TGRS Research Map | TGRS