Reymen, Isabelle, Andries, Petra, Berends, Hans, Mauer, Rene, Stephan, Ute and van Burg, Elco (2015). Understanding dynamics of strategic decision-making in venture creation:a process study of effectuation and causation. Strategic entrepreneurship journal, 9 (4), 351–379.
Abstract
This study draws upon effectuation and causation as examples of planning-based and flexible decision-making logics, and investigates dynamics in the use of both logics. The study applies a longitudinal process research approach to investigate strategic decision-making in new venture creation over time. Combining qualitative and quantitative methods, we analyze 385 decision events across nine technology-based ventures. Our observations suggest a hybrid perspective on strategic decision-making, demonstrating how effectuation and causation logics are combined, and how entrepreneurs’ emphasis on these logics shifts and re-shifts over time. We induce a dynamic model which extends the literature on strategic decision-making in venture creation.
Publication DOI: | https://doi.org/10.1002/sej.1201 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School |
Additional Information: | This is the peer reviewed version of the following article: Reymen, I., Andries, P., Berends, H., Mauer, R., Stephan, U., & van Burg, E. (2015). Understanding dynamics of strategic decision-making in venture creation: a process study of effectuation and causation. Strategic entrepreneurship journal, Early view, which has been published in final form at http://dx.doi.org/10.1002/sej.1201. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving. Funding: European Community grant: ENT/EFORCE. |
Uncontrolled Keywords: | entrepreneurship,decision-making,uncertainity,process research,effectuation,new venture creation,Business and International Management,Strategy and Management,Economics and Econometrics |
Publication ISSN: | 1932-443X |
Last Modified: | 05 Nov 2024 08:09 |
Date Deposited: | 30 Apr 2015 11:50 |
Full Text Link: | |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) http://onlineli ... j.1201/abstract (Publisher URL) |
PURE Output Type: | Article |
Published Date: | 2015-12 |
Published Online Date: | 2015-07-16 |
Authors: |
Reymen, Isabelle
Andries, Petra Berends, Hans Mauer, Rene Stephan, Ute ( 0000-0003-4514-6057) van Burg, Elco |