Stephen Zhang

Adelaide Business School

Faculty of the Professions

In University of Adelaide, Stephen studies how entrepreneurs and top management perceive and act under uncertainties using psychological theories. He is also starting to study the impact of AI and other innovation on human and work. He has published several articles in top journals per lists of Financial Times, ABDC, and ERA.


Stephen received his Bachelor Degree at Nanyang Technological University in Singapore, and his Ph.D. from the National University of Singapore. Prior to his academic career, Stephen has founded ventures and worked in several industries including engineering, management consultancy, market research, and innovation management.



  • Appointments

    Date Position Institution name
    2016 - 2020 Senior Lecturer of Entrepreneurship and Innovation University of Sydney
    2010 - 2017 Assistant Professor of Entrepreneurship and Innovation Catholic University of Chile
  • Journals

    Year Citation
    2019 Zhang, S., & Van Burg, E. (2019). Advancing entrepreneurship as a design science: developing additional design principles for effectuation. Small Business Economics.
    DOI Scopus1
    2018 Schmitt, A., Rosing, K., Zhang, S., & Leatherbee, M. (2018). A dynamic model of entrepreneurial uncertainty and business opportunity identification: Exploration as a mediator and entrepreneurial self-efficacy as a moderator. Entrepreneurship: Theory and Practice, 42(6), 835-859.
    DOI Scopus9 WoS5
    2017 Zhang, S., & Cueto, J. (2017). The Study of Bias in Entrepreneurship. Entrepreneurship: Theory and Practice, 41(3), 419-454.
    DOI Scopus36 WoS24
    2013 Jahanshahi, A., Zhang, S., & Brem, A. (2013). E-commerce for SMEs: Empirical insights from three countries. Journal of Small Business and Enterprise Development, 20(4), 849-865.
    DOI Scopus25
    2013 Zhang, S., Pramanik, N., & Buurman, J. (2013). Exploring an innovative design for sustainable urban water management and energy conservation. International Journal of Sustainable Development and World Ecology, 20(5), 442-454.
    DOI Scopus9 WoS8
    2012 Zhang, S., & Babovic, V. (2012). A real options approach to the design and architecture of water supply systems using innovative water technologies under uncertainty. Journal of Hydroinformatics, 14(1), 13-29.
    DOI Scopus45 WoS41
    2011 Zhang, S., & Babovic, V. (2011). An evolutionary real options framework for the design and management of projects and systems with complex real options and exercising conditions. Decision Support Systems, 51(1), 119-129.
    DOI Scopus37 WoS33
    2009 Buurman, J., Zhang, S., & Babovic, V. (2009). Reducing risk through real options in systems design: The case of architecting a maritime domain protection system. Risk Analysis, 29(3), 366-379.
    DOI Scopus31 WoS27 Europe PMC3
    2004 Zhang, S., Lee, J., & Hong, L. (2004). Visualization of particle distribution in composite polymer electrolyte systems. Journal of Power Sources, 126(1-2), 125-133.
    DOI Scopus31
  • Book Chapters

    Year Citation
    2015 Jahanshahi, A., & Zhang, S. (2015). Real options reasoning and innovative performance in the context of dynamic capabilities. In Adoption of Innovation: Balancing Internal and External Stakeholders in the Marketing of Innovation (pp. 181-196).
    DOI Scopus3

Stephen's research has also drawn wide interest, giving Stephen opportunities to raise more than US$1.5 million of grants in several countries. With the support of World Bank and Chilean Ministry of Economy, Stephen founded the Center for Entrepreneurial Strategy Under Uncertainty in Catholic University of Chile, which ranks #1 in South America.

Stephen teaches entrepreneurship with an action-based approach. This approach has generated many entrepreneurs with highly scalable businesses, and Stephen has been rated as the best professor for his entrepreneurship course in executive master programs.

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