Re-visiting Effectuation: The Relationships with Causation, Entrepreneurial Experience, and Innovativeness

Virginia Cha, Yi Ruan, Michael Frese

Research output: Chapter in Book/Conference proceedingBook Chapterpeer-review

3 Citations (Scopus)

Abstract

This study enriches the theory of effectuation by discussing the four independent dimensions of effectuation and their relationships with causation. Additionally, we fill the gap in prior literature by showing how entrepreneurial experience moderates the relationship between effectuation and innovativeness of the venture. Our study of 171 practising entrepreneurs regarding their entrepreneurial decision-making logic yielded multiple findings. The authors find that entrepreneurs rely on causation as well as effectuation in their decision-making; the more experienced entrepreneurs are, the more they actually use causation; and entrepreneurial experience moderates the relationship between effectuation and innovativeness of the venture firm.

Original languageEnglish
Title of host publicationEntrepreneurial Behaviour
Subtitle of host publicationUnveiling the Cognitive and Emotional Aspects of Entrepreneurship
PublisherEmerald Group Publishing Ltd.
Pages213-237
Number of pages25
ISBN (Electronic)9781789735079
ISBN (Print)9781789735086
DOIs
Publication statusPublished - 1 Jan 2020

Keywords

  • Causation
  • Effectuation
  • Entrepreneur logic
  • Entrepreneurial experience
  • Entrepreneurship
  • Experimentation
  • Innovativeness

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • Business, Management and Accounting (all)

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