Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER)

Reymen, Isabelle, Andries, Petra, Mauer, Rene, Stephan, Ute and Van Burg, Elco (2012). Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER). Frontiers of Entrepreneurship Research, 32 (6),

Abstract

The creation of new ventures is a process characterized by the need to decide and take action in the face of uncertainty, and this is particularly so in the case of technology-based ventures. Effectuation theory (Sarasvathy, 2001) has advanced two possible approaches for making decisions while facing uncertainty in the entrepreneurial process. Causation logic is based on prediction and aims at lowering uncertainty, whereas effectuation logic is based on non-predictive action and aims at working with uncertainty. This study aims to generate more fine-grained insight in the dynamics of effectuation and causation over time. We address the following questions: (1) What patterns can be found in effectual and causal behaviour of technology-based new ventures over time? And (2) How may patterns in the dynamics of effectuation and causation be explained?

Divisions: Aston Business School > Economics finance & entrepreneurship
Aston Business School
Additional Information: This Interactive Paper is brought to you for free and open access by the Entrepreneurship at Babson at Digital Knowledge at Babson. It has been accepted for inclusion in Frontiers of Entrepreneurship Research by an authorized administrator of Digital Knowledge at Babson. For more information, please contact digitalknowledge@babson.edu.
Full Text Link: http://digitalk ... /vol32/iss6/25/
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Published Date: 2012
Authors: Reymen, Isabelle
Andries, Petra
Mauer, Rene
Stephan, Ute ( 0000-0003-4514-6057)
Van Burg, Elco

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