Uncertainty and Effectuation
Influence of uncertainty intolerance and entrepreneurial passion on the approach for decision making in venture creation; causation or effectuation – The case of South Africa
... the uncertainty intolerance and entrepreneurial ...of uncertainty intolerance both have a positive effect on a different approach of the decision-making ...
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Entrepreneurial versus managerial marketing decision making processes in the context of uncertainty from the perspective of the effectuation theory
... Product-market fit versus market research 9.2. Most participating entrepreneurs expressed that their first priority, especially in the early life of the new venture or whenever an innovative product or service is being ...
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Effectuation & Causation: The effect of entrepreneurial experience and market uncertainty
... reduce uncertainty whereas effectuation models reduce uncertainty by committing to stakeholders and forming strategic ...The effectuation approach however, seeks to control certain aspects of ...
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Effectuation in Manufacturing: How Entrepreneurial Decision-making Techniques can be used to Deal with Uncertainty in Manufacturing
... Rational decision-making models have been the foundation of neoclassical economics for a long time. In the context of entrepreneurship, scholars have claimed that most opportunities are discovered through a deliberate ...
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Connecting the Dots: Effectuation and Lean Startup
... reduce uncertainty early (Ries, 2011) with the help of experiments (Tomitsch, ...volatility, uncertainty, complexity and ambiguity (Bennett & Lemoine, 2014: 1), it is proposed to focus on the following ...
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Corporate Effectuation - Effectual Strategy for Corporate Management
... of effectuation and causation help to explain why outcomes under complexity differ from outcomes under ...startup uncertainty situations on the one hand, and complex project settings on the ...between ...
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Effectuation and home-based online business entrepreneurs
... ability to undertake small and rapid experiments offered by the online environment. The need for Effectuation is frequently linked to product and market uncertainty (Chandler et al., 2011). However, we ...
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On valuing biopharmaceutical product pipelines: an effectuation model and evidence
... Because the estimates are so difficult to develop and the confidence levels in the in- formation needed tend to be low, very few empirical research papers have attempted to operationalize and test real options models, ...
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A Comparison of Students' use of Effectuation and Causation Principles with that of Practitioners
... as uncertainty increases, organizations that work more diligently to analyze and predict more accurately the changing situation in which they operate will outperform those that do ...
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At the heart of the entrepreneur : a study of entrepreneurial passion, culture & effectuation
... regarding effectuation, causation, culture and passion, this study suggests several items that need ...to? Effectuation is particularly relevant in environments in which uncertainty is high, it may ...
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Entrepreneurial Behaviour Revisited: Linking Self-Efficacy with Effectuation
... with uncertainty in running the venture while engagements with family and friends help to access free or low cost resources (Chandler et ...the uncertainty of the venture (Chandler et ...
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Entrepreneurship students use of causation, effectuation and bricolage in a microcosm
... causation, effectuation and bricolage have some critics ...of uncertainty and risk, and therefore underpins the selection of OM ...of uncertainty (Baker and Nelson, 2005; Daniel et ...
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Firm survival explained by causation, effectuation, and the degree of industry dynamism
... perceived uncertainty. It is postulated that effectuation leads to more firm survival under condition of uncertainty than causation (Sarasvathy, ...that uncertainty plays a role, but the ...
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Building of Academics’ Networks – An analysis based on Causation and Effectuation theory
... ‘under uncertainty entrepreneurial networking is driven by an assessment of available means within the network as carried out through repeated interactions with both existing and new network ...
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Does effectuation apply across cultures? A study amongst entrepreneurs in Kuwait
... pen. Effectuation theory argues that contingencies serve as measurements, against which to evaluate decisions and goals with the purpose of taking corrective action (Wiltbank et ...high uncertainty ...
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Cultural differences in startup firms: An explanatory research in terms of causation and effectuation
... However, the line of reasoning made by Dew, Sarasvathy, Read & Wiltbank (2009) could also be made the other way round. For instance, if an entrepreneur operates in a country with a high level of uncertainty ...
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A study on investigating the effectuation of renewable energy for sustainable development in construction sector
... for uncertainty about energy savings due to renewable energy systems in buildings, a method to estimate the volatility of renewable energy projects subject to uncertainty and an investment valuation ...
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Antecedents and consequences of effectuation and causation in the international new venture creation process
... The first contribution to the international business literature was to show that decision-making processes do matter in international business, thereby making ef- fectuation theory an addition to established ...
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Contesting effectuation theory : why it does not explain new venture creation
... Contesting Effectuation Theory: Why It Does Not Explain New Venture Creation Abstract: We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the ...
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Contesting Effectuation Theory: Why It Does Not Explain New Venture Creation
... of effectuation provides – or could provide – a powerful causal explanation of the process of new venture ...by effectuation theory. Effectuation theory has become a highly influential cognitive ...
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