Abstract
Researchers disagree on the role that commitment plays in the management of uncertainty in entrepreneurial ventures. One view is that uncertainty requires a flexible approach, excluding commitments. Another view is that flexibility and commitment can be simultaneous and that successful entrepreneurs balance the two. This article reconciles the two views by differentiating the forms of flexibility on the basis of commitment. It proposes a framework that formulates the entrepreneurial choice in terms of each form’s context of relevance, and discusses the implications with regards to the entrepreneurial process.