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Entrepreneurship Professor Matthew Wood Awarded AME Best Paper

Sept. 4, 2018

Matt Wood

By Caroline Mitchell

Matthew Wood, chair and associate professor of the Department of Entrepreneurship and Corporate Innovation at Baylor’s Hankamer School of Business, recently received the 2018 Academy of Management Entrepreneurship Division “Best Conceptual Paper Award.” The award is sponsored by the scholarly journal Entrepreneurship Theory and Practice.

The award-winning paper, “A Temporal View of Entrepreneurial Opportunities,” is a conceptual paper focusing on the role of time in the entrepreneurial action process. Wood co-authored the paper with Rene Bakker, associate professor of Strategic Management and Entrepreneurship at the Rotterdam School of Management at Erasmus University in the Netherlands.

Wood said he and Bakker were shocked when they found out their paper was selected out of the 900 submissions. “It validates the ideas more than just the quality of the paper.”

The paper focuses on three categories: initialization, pace and chronology, which provide the framework to begin talking about time with business ideas. Wood and Bakker’s paper poses the question of “When?”

The recognition “emphasizes the relevance of our idea that the concept of time should be central to entrepreneurship research and theory,” said Bakker.

Wood emphasizes the importance of integrating time into entrepreneurial planning. “When you share your business idea with me, are you talking about doing this next week? Or are you talking about doing it a year from now? Because those two things are very different,” he said.

Wood and Bakker said they are encouraged by the award as they continue to work together.

“Throughout this whole process, I’ve been in awe of Matt’s ability to theorize complex relationships, and his never-ending enthusiasm to move forward. He’s an amazing scholar, and a really nice guy,” Bakker said.

Wood and Bakker’s research project is ongoing and work still remains. The paper is currently under review at one of the top journals in the field and the two are hopeful for publication.

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