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EFFECTUATION
Pilot-in-the-Plane Principle. By focusing on activities within their control, expert entrepreneurs know their actions will result in the desired outcomes. An effectual worldview is rooted in the belief that the future is neither found nor predicted, but rather made ReadMore. THE PROMISE OF ENTREPRENEURSHIP AS A FIELD OF RESEARCH The Promise of Entrepreneurship as a Field of Research. To date, the phenomenon of entrepreneurship has lacked a conceptual framework. In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR This conceptualisation of opportunity incorporates market interaction and real?life processes influenced by prior knowledge, resources, and the industrial context. It is especially appropriate in situations characterised by uncertainty. The alternative conceptualisation of opportunity (in terms of ?opportunity discovery?) is more suitable in BROWNING-FERRIS (BFI): HOW TO LEARN TO LET GO Browning-Ferris (BFI): How to Learn to Let Go. Preparing for a worstcase scenario gave one entrepreneur the courage to make the leap. Stuart Read and Saras Sarasvathy report. Tom Fatjo was an accountant in Houston in 1967 when a meeting in his community challenged him to take up the garbage collection problem the neighbourhood was facing. ENTREPRENEUR BEHAVIORS, OPPORTUNITY RECOGNITION, … Copyright © 2009 Strategic Management Society Strat. Entrepreneurship J., 2: 317–338 (2008) The . PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of THE IMPACT OF FAMILY SUPPORT ON YOUNG ENTREPRENEURS' START The impact of family support on young entrepreneurs' start-up activities Linda F. Edelman a,b,⁎,1, Tatiana Manolovaa,b,1, Galina Shirokovab,1, Tatyana Tsukanovab,1 INDIVIDUAL ENTREPRENEURIAL INTENT: CONSTRUCT CLARIFICATION Individual Entrepreneurial Intent: Construct Clarification and Development of an Internationally Reliable Metric Edmund R. Thompson Individual entrepreneurial intent is a key construct in research on new business formation. QUALITATIVE RESEARCH IN ENTREPRENUERSHIP: CURRENT … 10.5465/AMBPP.2016.137 2007). Qualitative research came to be appreciated for its unique suitability to impose conceptual order on fuzzy, dynamic, and complex entrepreneurial activities (Neergaard & ET P AND BRICOLAGE: A OF EMERGING THEORIES IN etap_537 1019..1051 Effectuation, Causation, and Bricolage: A Behavioral Comparison of Emerging Theories in Entrepreneurship Research Greg Fisher This study provides a critical examination of how different theoretical perspectives inEFFECTUATION
Pilot-in-the-Plane Principle. By focusing on activities within their control, expert entrepreneurs know their actions will result in the desired outcomes. An effectual worldview is rooted in the belief that the future is neither found nor predicted, but rather made ReadMore. THE PROMISE OF ENTREPRENEURSHIP AS A FIELD OF RESEARCH The Promise of Entrepreneurship as a Field of Research. To date, the phenomenon of entrepreneurship has lacked a conceptual framework. In this note we draw upon previous research conducted in the different social science disciplines and applied fields of business to create a OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR This conceptualisation of opportunity incorporates market interaction and real?life processes influenced by prior knowledge, resources, and the industrial context. It is especially appropriate in situations characterised by uncertainty. The alternative conceptualisation of opportunity (in terms of ?opportunity discovery?) is more suitable in BROWNING-FERRIS (BFI): HOW TO LEARN TO LET GO Browning-Ferris (BFI): How to Learn to Let Go. Preparing for a worstcase scenario gave one entrepreneur the courage to make the leap. Stuart Read and Saras Sarasvathy report. Tom Fatjo was an accountant in Houston in 1967 when a meeting in his community challenged him to take up the garbage collection problem the neighbourhood was facing. ENTREPRENEUR BEHAVIORS, OPPORTUNITY RECOGNITION, … Copyright © 2009 Strategic Management Society Strat. Entrepreneurship J., 2: 317–338 (2008) The . PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of THE IMPACT OF FAMILY SUPPORT ON YOUNG ENTREPRENEURS' START The impact of family support on young entrepreneurs' start-up activities Linda F. Edelman a,b,⁎,1, Tatiana Manolovaa,b,1, Galina Shirokovab,1, Tatyana Tsukanovab,1 INDIVIDUAL ENTREPRENEURIAL INTENT: CONSTRUCT CLARIFICATION Individual Entrepreneurial Intent: Construct Clarification and Development of an Internationally Reliable Metric Edmund R. Thompson Individual entrepreneurial intent is a key construct in research on new business formation. QUALITATIVE RESEARCH IN ENTREPRENUERSHIP: CURRENT … 10.5465/AMBPP.2016.137 2007). Qualitative research came to be appreciated for its unique suitability to impose conceptual order on fuzzy, dynamic, and complex entrepreneurial activities (Neergaard & ET P AND BRICOLAGE: A OF EMERGING THEORIES IN etap_537 1019..1051 Effectuation, Causation, and Bricolage: A Behavioral Comparison of Emerging Theories in Entrepreneurship Research Greg Fisher This study provides a critical examination of how different theoretical perspectives inEFFECTUATION 101
General Overview Effectuation is an idea with a sense of purpose – a desire to improve the state of the world and the lives of individuals by enabling the creation of firms, products, markets, services, and ideas. Effectual reasoning is a type of human problem solving developed from a cognitive science based study of 27 founders of companies ranging in size from $200M to $6.5B. Effectuation WHAT IS EFFECTUATION? interactions commitments. goals. new new. means. means goals. leverage surprise. products, markets, and firms. new. affordable loss. new . commitments help crystallize OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR This conceptualisation of opportunity incorporates market interaction and real?life processes influenced by prior knowledge, resources, and the industrial context. It is especially appropriate in situations characterised by uncertainty. The alternative conceptualisation of opportunity (in terms of ?opportunity discovery?) is more suitable in ENTREPRENEURIAL EXIT AS A CRITICAL COMPONENT OF THE Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development. By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. JOURNAL OF BUSINESS VENTURING Industry changes in technology and complementary assets and the creation of high-growth firms Jonathan T. Eckhardta,⁎, Scott A. Shaneb a Department of Management & Human Resources, 5252 Grainger Hall, 975 University Avenue, University of Wisconsin, Madison, WI 53706, United States b Weatherhead School of Management, Case Western Reserve University, 11119 Bellflower Road, PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU WHAT MAKES ENTREPRENEURS ENTREPRENEURIAL? 4 unpredictable into the utterly mundane is the special domain of the expert entrepreneur. Let us consider how the two processes operate in the simple case of building a DAVID B. AUDRETSCH AND MAX KEILBACH virtually nothing is known about the actual source of such entrepreneurial opportunities, that is where entrepreneurial opportunities come from, and how and why entrepreneur-ial opportunities might vary systematically across individuals. DIGITAL ENTREPRENEURSHIP: TOWARD A DIGITAL TECHNOLOGY Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship Satish Nambisan New digital technologies have transformed the nature of uncertainty inherent in entrepre-ATLEYZ ATLEYZ
Atleyz Atleyz is on SOCIETY FOR EFFECTUAL ACTION. Join SOCIETY FOR EFFECTUAL ACTION to view Atleyz Atleyz's profile OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR Opportunity development as a learning process for entrepreneurs. Purpose ? To contrast and test two conceptualisations of entrepreneurship: ?opportunity discovery EFFECTUATION: ELEMENTS OF ENTREPRENEURIAL EXPERTISE To effectuate is to engage in a specific type of entrepreneurial action. It has special importance for situations where the future is truly unknowable or human agency is of primary importance. In “Effectuation”, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Using empirical and theoretical work done COMPARING EFFECTUATION TO DISCOVERY-DRIVEN PLANNING There has been a growing interest among entrepreneurs and students in explicit guidance for entrepreneurial action. Both scholars and practitioners have responded to this demand by suggesting a variety of entrepreneurial methods. This has led, however, to a proliferation of relatively unrelated methods with varying degrees of rigor and relevance. In an attempt to organize and bring clarity to THE FUTURE OF ENTREPRENEURSHIP RESEARCH SEA is housed within the Batten Institute at the Darden Graduate School of Business. The Society for Effectual Action@2018 PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of ENTREPRENEURSHIP AS TRANSLATION: UNDERSTANDING Entrepreneurship & Regional Development Vol. 23, Nos. 7–8, September 2011, 661–680 Entrepreneurship as translation: Understandingentrepreneurial
WHAT MAKES ENTREPRENEURS ENTREPRENEURIAL? 4 unpredictable into the utterly mundane is the special domain of the expert entrepreneur. Let us consider how the two processes operate in the simple case of building a ENTREPRENEUR BEHAVIORS, OPPORTUNITY RECOGNITION, … Copyright © 2009 Strategic Management Society Strat. Entrepreneurship J., 2: 317–338 (2008) The . QUALITATIVE RESEARCH IN ENTREPRENUERSHIP: CURRENT … 10.5465/AMBPP.2016.137 2007). Qualitative research came to be appreciated for its unique suitability to impose conceptual order on fuzzy, dynamic, and complex entrepreneurial activities (Neergaard & SHOULD ENTREPRENEURS PLAN OR JUST STORM THE CASTLE? A META With the growth of interest in new firms, the last decade has brought an additional amount of empirical evidence concerning the impact of business planning in new firms (e.g., Delmar and Shane, 2003). OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR Opportunity development as a learning process for entrepreneurs. Purpose ? To contrast and test two conceptualisations of entrepreneurship: ?opportunity discovery EFFECTUATION: ELEMENTS OF ENTREPRENEURIAL EXPERTISE To effectuate is to engage in a specific type of entrepreneurial action. It has special importance for situations where the future is truly unknowable or human agency is of primary importance. In “Effectuation”, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Using empirical and theoretical work done COMPARING EFFECTUATION TO DISCOVERY-DRIVEN PLANNING There has been a growing interest among entrepreneurs and students in explicit guidance for entrepreneurial action. Both scholars and practitioners have responded to this demand by suggesting a variety of entrepreneurial methods. This has led, however, to a proliferation of relatively unrelated methods with varying degrees of rigor and relevance. In an attempt to organize and bring clarity to THE FUTURE OF ENTREPRENEURSHIP RESEARCH SEA is housed within the Batten Institute at the Darden Graduate School of Business. The Society for Effectual Action@2018 PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of ENTREPRENEURSHIP AS TRANSLATION: UNDERSTANDING Entrepreneurship & Regional Development Vol. 23, Nos. 7–8, September 2011, 661–680 Entrepreneurship as translation: Understandingentrepreneurial
WHAT MAKES ENTREPRENEURS ENTREPRENEURIAL? 4 unpredictable into the utterly mundane is the special domain of the expert entrepreneur. Let us consider how the two processes operate in the simple case of building a ENTREPRENEUR BEHAVIORS, OPPORTUNITY RECOGNITION, … Copyright © 2009 Strategic Management Society Strat. Entrepreneurship J., 2: 317–338 (2008) The . QUALITATIVE RESEARCH IN ENTREPRENUERSHIP: CURRENT … 10.5465/AMBPP.2016.137 2007). Qualitative research came to be appreciated for its unique suitability to impose conceptual order on fuzzy, dynamic, and complex entrepreneurial activities (Neergaard & SHOULD ENTREPRENEURS PLAN OR JUST STORM THE CASTLE? A META With the growth of interest in new firms, the last decade has brought an additional amount of empirical evidence concerning the impact of business planning in new firms (e.g., Delmar and Shane, 2003). COMPARING EFFECTUATION TO DISCOVERY-DRIVEN PLANNING There has been a growing interest among entrepreneurs and students in explicit guidance for entrepreneurial action. Both scholars and practitioners have responded to this demand by suggesting a variety of entrepreneurial methods. This has led, however, to a proliferation of relatively unrelated methods with varying degrees of rigor and relevance. In an attempt to organize and bring clarity to THE FUTURE OF ENTREPRENEURSHIP RESEARCH SEA is housed within the Batten Institute at the Darden Graduate School of Business. The Society for Effectual Action@2018 BROWNING-FERRIS (BFI): HOW TO LEARN TO LET GO Preparing for a worstcase scenario gave one entrepreneur the courage to make the leap. Stuart Read and Saras Sarasvathy report. Tom Fatjo was an accountant in Houston in 1967 when a meeting in his community challenged him to take up the garbage collection problem the neighbourhood was facing. Having borrowed $7,000 for his first truck, he would wake at 4am each day and collect rubbish for two 7. THREE VIEWS OF ENTREPRENEURIAL OPPORTUNITY Three Views of Entrepreneurial Opportunity 143 set of decision-actions that brought together Marc Andreesen (the creator of Mosaic) and Jim Clark (the ex-founder of Silicon Graphics) to set up base in ET P COGNITION FOR ENTREPRENEURSHIP RESEARCH A Measure of Adaptive Cognition for Entrepreneurship Research Michael Haynie Dean A. Shepherd To sense and adapt to uncertainty may characterize a critical entrepreneurial resource. BKZF BKZF | SOCIETY FOR EFFECTUAL ACTION Bkzf Bkzf is on SOCIETY FOR EFFECTUAL ACTION. Join SOCIETY FOR EFFECTUAL ACTION to view Bkzf Bkzf's profile THE COGNITIVE PERSPECTIVE IN ENTREPRENEURSHIP: AN AGENDA The Cognitive Perspective in Entrepreneurship: An Agenda for Future Research joms_922 1443..1477 Denis A. Grégoire, Andrew C. Corbett* and Jeffery S. McMullen BUSINESS POLICY AND STRATEGY BUSINESS POLICY AND STRATEGY Conference Paper Abstracts COMPLEMENTARY RESOURCES AND THE PREDICTION OF POST-ACQUISITION PERFORMANCE King, David R.; United States Air Force; nvest123@aol.com ET P AND BRICOLAGE: A OF EMERGING THEORIES IN etap_537 1019..1051 Effectuation, Causation, and Bricolage: A Behavioral Comparison of Emerging Theories in Entrepreneurship Research Greg Fisher This study provides a critical examination of how different theoretical perspectives in LESSONS IN ENTREPRENEURSHIP THE LEMONADE PRINCIPLE july2007 businesslife Unexpected things happen in the process of starting a company, and it is how we deal with them that matters. The saying goes that when life serves up lemons, you make lemonade.EFFECTUATION
While there is plenty of room for art, surprise and human agency, there is a science underlying entrepreneurship. We share the passion of our colleagues around the world and across disciplines in further understanding that science.EFFECTUATION 101
General Overview Effectuation is an idea with a sense of purpose – a desire to improve the state of the world and the lives of individuals by enabling the creation of firms, products, markets, services, and ideas. Effectual reasoning is a type of human problem solving developed from a cognitive science based study of 27 founders of companies ranging in size from $200M to $6.5B. Effectuation WHAT IS EFFECTUATION? interactions commitments. goals. new new. means. means goals. leverage surprise. products, markets, and firms. new. affordable loss. new . commitments help crystallize EFFECTUATION: ELEMENTS OF ENTREPRENEURIAL EXPERTISE To effectuate is to engage in a specific type of entrepreneurial action. It has special importance for situations where the future is truly unknowable or human agency is of primary importance. In “Effectuation”, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Using empirical and theoretical work done THE FUTURE OF ENTREPRENEURSHIP RESEARCH SEA is housed within the Batten Institute at the Darden Graduate School of Business. The Society for Effectual Action@2018 ENTREPRENEURIAL EXIT AS A CRITICAL COMPONENT OF THE Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development. By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. THE MULTIPLE EFFECTS OF BUSINESS PLANNING ON NEW VENTUREDEFINITION OFFIRM NOUN
acumen or capability – the ability to perceive a profit opportunity (Kirzner, 1973) as well as devise a means to exploit it (Sharma and Erramilli, 2004). This requires market infor-mation about the existence of a market gap, talent to make the leap from generating an PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of WHAT MAKES ENTREPRENEURS ENTREPRENEURIAL?GOOD ENTREPRENEURSWHAT MAKES A GOOD ENTREPRENEURWHAT MAKES A SUCCESSFUL ENTREPRENEURWHAT MAKES AN ENTREPRENEURWHAT MAKES AN ENTREPRENEUR SUCCESSFULWHAT MAKES SOMEONE ANENTREPRENEUR
4 unpredictable into the utterly mundane is the special domain of the expert entrepreneur. Let us consider how the two processes operate in the simple case of building a STRATEGY AND ENTREPRENEURSHIP: OUTLINES OF AN … 3 “value” in society is discovered and acted upon by some individuals. As Wiener has noted (Wiener, 1993: 7), at the beginning stages of a new idea, the effectiveness of the individual isEFFECTUATION
While there is plenty of room for art, surprise and human agency, there is a science underlying entrepreneurship. We share the passion of our colleagues around the world and across disciplines in further understanding that science.EFFECTUATION 101
General Overview Effectuation is an idea with a sense of purpose – a desire to improve the state of the world and the lives of individuals by enabling the creation of firms, products, markets, services, and ideas. Effectual reasoning is a type of human problem solving developed from a cognitive science based study of 27 founders of companies ranging in size from $200M to $6.5B. Effectuation WHAT IS EFFECTUATION? interactions commitments. goals. new new. means. means goals. leverage surprise. products, markets, and firms. new. affordable loss. new . commitments help crystallize EFFECTUATION: ELEMENTS OF ENTREPRENEURIAL EXPERTISE To effectuate is to engage in a specific type of entrepreneurial action. It has special importance for situations where the future is truly unknowable or human agency is of primary importance. In “Effectuation”, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Using empirical and theoretical work done THE FUTURE OF ENTREPRENEURSHIP RESEARCH SEA is housed within the Batten Institute at the Darden Graduate School of Business. The Society for Effectual Action@2018 ENTREPRENEURIAL EXIT AS A CRITICAL COMPONENT OF THE Entrepreneurial exit as a critical component of the entrepreneurial process: Theoretical development. By demonstrating the importance of entrepreneurial exit to the entrepreneur, the firm, the industry, and the economy I contend that our understanding of the entrepreneurial process is incomplete without the inclusion of entrepreneurial exit. THE MULTIPLE EFFECTS OF BUSINESS PLANNING ON NEW VENTUREDEFINITION OFFIRM NOUN
acumen or capability – the ability to perceive a profit opportunity (Kirzner, 1973) as well as devise a means to exploit it (Sharma and Erramilli, 2004). This requires market infor-mation about the existence of a market gap, talent to make the leap from generating an PREDICTION- AND CONTROL-BASED STRATEGIES IN PREDICTION- AND CONTROL-BASED STRATEGIES IN ENTREPRENEURSHIP: THE ROLE OF INFORMATION GRACIELA KUECHLE,1,2* BEATRICE BOULU-RESHEF,2,3,4 and SEAN D. CARR2 1Faculty of WHAT MAKES ENTREPRENEURS ENTREPRENEURIAL?GOOD ENTREPRENEURSWHAT MAKES A GOOD ENTREPRENEURWHAT MAKES A SUCCESSFUL ENTREPRENEURWHAT MAKES AN ENTREPRENEURWHAT MAKES AN ENTREPRENEUR SUCCESSFULWHAT MAKES SOMEONE ANENTREPRENEUR
4 unpredictable into the utterly mundane is the special domain of the expert entrepreneur. Let us consider how the two processes operate in the simple case of building a STRATEGY AND ENTREPRENEURSHIP: OUTLINES OF AN … 3 “value” in society is discovered and acted upon by some individuals. As Wiener has noted (Wiener, 1993: 7), at the beginning stages of a new idea, the effectiveness of the individual is AN EFFECTUAL APPROACH TO INTERNATIONAL ENTREPRENEURSHIP In this paper, we outline several interesting observations about international entrepreneurship (IE) research through the theoretical lens of effectuation. In doing so, we show how an effectual approach can help resolve four central conflicts and knowledge gaps identified in two recent comprehensive reviews of IE. We then present an illustrative case study from India that provides an OPPORTUNITY DEVELOPMENT AS A LEARNING PROCESS FOR Opportunity development as a learning process for entrepreneurs. Purpose ? To contrast and test two conceptualisations of entrepreneurship: ?opportunity discovery EFFECTUAL REASONING IN ENTREPRENEURIAL DECISION MAKING Effectual Reasoning in Entrepreneurial Decision Making: Existence and Bounds. That entrepreneurs create firms is a simple fact. But that entrepreneurs often create firms in the absence of markets is an idea that is recently gaining ground with researchers (Shane & Venkataraman, 1999). ET P COGNITION FOR ENTREPRENEURSHIP RESEARCH A Measure of Adaptive Cognition for Entrepreneurship Research Michael Haynie Dean A. Shepherd To sense and adapt to uncertainty may characterize a critical entrepreneurial resource. ON THE USE OF EFFECTUATION VERSUS CAUSATION IN THE … Effectuation theory suggests that entrepreneurs focus primarily on the resources under their control, and then develop their new ventures in an iterative way. They do this by selecting different potential goals that can be accomplished with the resources at hand based on a focus on affordability of loss rather than maximal return on the capital invested, and the use of precommitments from self 7. THREE VIEWS OF ENTREPRENEURIAL OPPORTUNITY Three Views of Entrepreneurial Opportunity 143 set of decision-actions that brought together Marc Andreesen (the creator of Mosaic) and Jim Clark (the ex-founder of Silicon Graphics) to set up base in BKZF BKZF | SOCIETY FOR EFFECTUAL ACTION Bkzf Bkzf is on SOCIETY FOR EFFECTUAL ACTION. Join SOCIETY FOR EFFECTUAL ACTION to view Bkzf Bkzf's profile ENTREPRENEUR BEHAVIORS, OPPORTUNITY RECOGNITION, … Copyright © 2009 Strategic Management Society Strat. Entrepreneurship J., 2: 317–338 (2008) The . QUALITATIVE RESEARCH IN ENTREPRENUERSHIP: CURRENT … 10.5465/AMBPP.2016.137 present study, we evaluate the state-of-science in terms of qualitative researchconducted in entrepreneurship and assess the progress made LESSONS IN ENTREPRENEURSHIP THE LEMONADE PRINCIPLE july2007 businesslife Unexpected things happen in the process of starting a company, and it is how we deal with them that matters. The saying goes that when life serves up lemons, you make lemonade. SOCIETY FOR EFFECTUAL ACTION__ Navigation
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EFFECTUATION:
A logic of thinking, discovered through scientific research, used by expert entrepreneurs to build successful ventures. Get A Proper Introduction A GLOBAL SOCIETY ADVANCING EFFECTUAL ACTION:*
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EFFECTUATION:
A logic of thinking, discovered through scientific research, used by expert entrepreneurs to build successful ventures. Get A Proper Introduction99
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EFFECTUAL PRINCIPLES ------------------------- Bird in Hand Principle When expert entrepreneurs set out to build a new venture, they start with their means: who I am, what I know, and whom I know. Then, the entrepreneurs imagine possibilities that originate from their meansReadMore
------------------------- ------------------------- Pilot-in-the-Plane Principle By focusing on activities within their control, expert entrepreneurs know their actions will result in the desired outcomes. An effectual worldview is rooted in the belief that the future is neither found nor predicted, but rather made ReadMore -------------------------Lemonade Principle
Expert entrepreneurs invite the surprise factor. Instead of making “what-if” scenarios to deal with worst-case scenarios, experts interpret “bad” news and surprises as potential clues to create new markets ReadMore ------------------------- -------------------------Effectual Cycle
Welcome! Whether you come to this site as a entrepreneurial newbie or a seasoned creator of new ventures, here you’ll discover that there is a science to entrepreneurship — a common logic we have observed in expert entrepreneurs across industries, geographies, and time. We call it effectuation ReadMore ------------------------- Crazy Quilt Principle Expert entrepreneurs build partnerships with self-selecting stakeholders. By obtaining pre-commitments from these key partners early on in the venture, experts reduce uncertainty and co-create the new market with its interested participants ReadMore ------------------------- ------------------------- Affordable Loss Principle Expert entrepreneurs limit risk by understanding what they can afford to lose at each step, instead of seeking large all-or- nothing opportunities. They choose goals and actions where there is upside even if the downside ends up happening ReadMore -------------------------__
-------------------------RESEARCH
------------------------- While there is plenty of room for art, surprise and human agency, there is a science underlying entrepreneurship. We share the passion of our colleagues around the world and across disciplines in further understanding that science. We adopt an effectual perspective on the science to pose new questions, bring together thinking in the area and encourage more valuable novelty in the world.__
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------------------------- As educators, we seek to revolutionize the way entrepreneurship is taught throughout the world. We do that through the study and teaching of effectuation and the “entrepreneurial method.” Effectuation is at its heart a human problem-solving method developed through research into the mental processes used by expert entrepreneurs.__
-------------------------LEARN
------------------------- Whether you come to this site as a entrepreneurial newbie or a seasoned creator of new ventures, here you’ll discover that there is a science to entrepreneurship — a common logic we observe in expert entrepreneurs across industries, geographies, and time. We call it effectuation. Effectuation promises a method you can follow as you tackle problems while you grow yourbusiness.
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Please enter the captchaEVENTS
1. 5th Effectuation Conference:“Bringing Effectuation Home to Darden 2. Effectuation at the Academy of Management Annual Meeting 3. Special Issue on Entrepreneurship Education with Impact: Openingthe Black Box
4. Special Issue! SBE Call for papers on effectuation – due December1, 2016
5. CALL FOR PAPERS: Special Issue of Small Business Economics: An Entrepreneurship JournalCOMMUNITY
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