Effectuating Effectively: Exploring Processes and Boundary Conditions

Abstract

In recent years, effectuation has gained prominence in the entrepreneurship literature as a theory for understanding and conceptualizing entrepreneurial decision-making and action. Despite the breadth of findings related to effectuation and overall progress in the literature, significant gaps still exist in our understanding of effectuation processes. The papers presented in this symposium and the ensuing discussion aim to advance our understanding of effectuation by addressing the following questions: what makes effectuation effective? When, why, and how do entrepreneurs shift from effectuation to causation techniques? When, why and how do practitioners apply effectuation techniques and under which circumstances is the use of effectuation valuable for practitioners? How can effectuation interact with entrepreneurial team dynamics? The ensuing discussions between presenters, discussants, and audience will capture the interests of academics and practitioners alike. Effectual Learning for Causal Competence – a POMDP Model of Decision-Making Sequences Presenter: Yi Jiang; ESCP Business School Presenter: Daniel Lyons; Euler Hermes How to Effectuate: Uncovering the Details of Effectuation as a Process Presenter: Sophia Braun; ESCP Business School Presenter: Rene Mauer; ESCP Business School Effectually Committed or Causally Involved? Exploring Entrepreneurial Decision-Making in Teams Presenter: Katrin Marike Smolka; Warwick Business School Presenter: Sonia-Cristina Codreanu; U. College London Presenter: Thijs Geradts; Erasmus U. Rotterdam New Venture Ideation Through Effectuation Presenter: Somayeh Taghvaee; ESCP Business School Presenter: Yashar Mansoori; Chalmers U. of Technology Presenter: Rene Mauer; ESCP Business School