Effectuation theory for entrepreneurs

<p><a class="wikilink" href="/effectuation_theory/">Effectuation theory</a> is the brain child of Saras D. Sarasvathy[<a class="litnote tooltip" href="/literature/@sarasvathy2001">@sarasvathy2001<span class="tooltiptext">Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency</span></a>] and essentially aims at developing a framework to understanding how entrepreneurs think and act. It is comprised on several stages of realization/actuation/effectuation:</p> <ul> <li><a class="wikilink" href="/effectual_bird_in_the_hand/">Effectual bird in the hand</a>: Means</li> <li><a class="wikilink" href="/literature/202106010813_affordable_loss_for_entrepreneurs/">literature/202106010813 Affordable loss for entrepreneurs</a>: Focus in downside</li> <li><a class="wikilink" href="/crazy_quilt_around_a_product/">Crazy quilt around a product</a>: Co-creation partnership</li> <li><a class="wikilink" href="/entrepreneurial_lemonade/">Entrepreneurial lemonade</a>: Leverage contingencies</li> <li><a class="wikilink" href="/piloting_a_new_venture/">Piloting a new venture</a>: Control vs prediction</li> </ul>