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.
|Title of host publication
|Subtitle of host publication
|Unveiling the Cognitive and Emotional Aspects of Entrepreneurship
|Emerald Group Publishing Ltd.
|Number of pages
|Published - 1 Jan 2020
- Entrepreneur logic
- Entrepreneurial experience
ASJC Scopus subject areas
- Economics, Econometrics and Finance (all)
- General Business,Management and Accounting