What makes entrepreneurs entrepreneurial

They use effectual reasoning. Instead, entrepreneurs take a hard look at where they are TODAY — who they are, what they know, who they know… and they start to tinker YaY!

They start exploring the possible things that can be created out of all of this. Industry and Background Note Classic. What's included: Educator Copy. Not teaching at a university? Register as a student Register as an individual. Overview Included Materials. Learning Objectives This case is designed to train students to recognize the characteristics of entrepreneurial thinking.

Lab Incubator. Causal reasoning begins with a pre-determined goal and a given set of means, and seeks to identify the optimal — fastest, cheapest, most efficient, etc. Effectual reasoning, however, does not begin with a specific goal. Instead, it begins with a given set of means and allows goals to emerge contingently over time from the varied imagination and diverse aspirations of the founders and the people they interact with.

However, such a view is put to test in … Expand. View 8 excerpts, cites background. Tightness and uncertainty avoidance: the impact on new venture creation - The impact of culture on entrepreneurial processes. The main focus of this study is to look into the relationship between entrepreneurial processes and culture. The entrepreneurial process is a part of entrepreneurship and entrepreneurship plays a … Expand. View 9 excerpts, cites background and methods. The national cultural background of an entrepreneur as a driving force of effectual behavior in new venture creation.

The main body of research on new venture creation is based on rational decision-making models that are goal driven and referred to as causation models. A more recent perspective that has been gaining … Expand. Entrepreneurial learning in the context of portfolio entrepreneurship. Purpose — Previous research has predominantly focused on the meaning of prior entrepreneurial experience in the context of habitual entrepreneurship. To date, however, little is known about how … Expand.

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