Dear Professor King
Please find enclosed the revised version of our paper (AMR-08-442R.1), now titled “Imagining and
rationalizing opportunities: Inductive reasoning, and the creation and justification of new ventures”.
We greatly appreciate the opportunity that we have been given to further revise the manuscript. The
thoughtful guidance provided by you and the reviewers have really helped in positioning and
strengthening the theory development in the manuscript. We are really grateful for the expert
comments and excellent advice we have received.
Please allow us to explain how we dealt with the issues raised in your letter. We have also attached
separate responses to each of the reviewers.