Why expertise theory of effectuation (and entrepreneurship) is flawed?

This is an updated version of my previous blog post that explored the flaws of effectuation. The series has two more posts which you can read here and here . The empirical evidence for effectuation came from the study of expert entrepreneurs conducted by Saraswathy. She contrasts her study on entrepreneurial expertise with entrepreneurial performance … Continue reading Why expertise theory of effectuation (and entrepreneurship) is flawed?

Daniel Kahneman on expertise with reference to entrepreneurship

I have already posted about Kahneman and Klein(2009) arguing that “Skilled intuitions will only develop in an environment of sufficient regularity, which provides valid cues to the situation”. In the following short video, Daniel Kahneman elaborates some of the conditions that are necessary for genuine expertise to develop. https://youtu.be/ksopQLMQsq8

Effectual Self-Organization: Could it be a mindful praxis for self-organization

In the last few posts, I have been developing the idea of effectuation as a self-organization principle against the idea of expertise acquired by entrepreneurs via experience and deliberate practice. Following are two blog posts in which I have elaborated my thoughts. Why expertise theory of effectuation is flawed?; Here I argue why expertise framing of effectuation … Continue reading Effectual Self-Organization: Could it be a mindful praxis for self-organization

Self-Organization: Paul Cilliers and Saraswathy

According to Paul Cilliers(1998), "the capacity for self-organisation is a property of complex systems which enables them to develop or change internal structure spontaneously and adoptively in order to cope with, or manipulate, their environment". To him, different systems that share the property of self-organisation will not necessarily exhibit the same range of characteristics. A … Continue reading Self-Organization: Paul Cilliers and Saraswathy

Effectuation as an action theory for complex domains

I think, approaching effectuation as a self-organization theory/logic for complex domains is more appropriate than viewing it as the possession of a so-called expert entrepreneur. ( I have tweeted about this topic earlier) Following are some reasons;  Firstly, Most of the effectuation principles are universal and have corresponding concepts from complexity science(Click Link). This means it … Continue reading Effectuation as an action theory for complex domains

Martin Lackéus: Entrepreneurial methods – what, why, how, why not?

In the following video playlist Martin tries to expand his insights on entrepreneurial methods, primarily developed(it seems) from his co-authored paper; "Comparing effectuation to discovery-driven planning, prescriptive entrepreneurship, business planning, lean startup, and design thinking" The major suggestion of the paper is to stress on the complimentary use value of existing methods. Rather than using … Continue reading Martin Lackéus: Entrepreneurial methods – what, why, how, why not?

Contesting effectuation theory: Paper by John Kitching & Julia Rouse

The authors of the paper "Contesting effectuation theory: Why it does not explain new venture creation" argues that effectuation perspective reduces the process of venture creation to a individual decision-making logic, ignoring social-structural and cultural contexts on venture creation. The paper also concludes that effectuation implicitly assumes nascent entrepreneurs of having excessive powers of agency. https://twitter.com/johnywrites/status/1365951961300750336?s=20

Richard J Arend and Critic of Effectuation +: A reading list.

In their 2015 paper "Effectuation As Ineffectual? Applying the 3E Theory-Assessment Framework to a Proposed New Theory of Entrepreneurship" authors Richard J. Arend, Hessamoddin Sarooghi and Andrew Burkemper argues that Effectuation theory lacks the foundation of sufficient empirical testing and critical analysis. This prompted a response from Effectual school, Stuart Read, Saras D. Sarasvathy, Nicholas … Continue reading Richard J Arend and Critic of Effectuation +: A reading list.

Tweet: Effectuation, What makes entrepreneurs entrepreneurial? Saras D. Sarasvathy

Entrepreneurs are entrepreneurial, as differentiated from managerial or strategic. #Entrepreneurs are entrepreneurial, as differentiated from managerial or strategic, because they think effectually; they believe in a yet-to-be-made future that can substantially be shaped by human action. https://t.co/VeQR73UlbU …#startup #startups #StartupIndia #entrepreneur pic.twitter.com/DcN8G8FkXL— Kiran Johny (@johnywrites) October 23, 2018

Tweet: Why i think we can do better than lean startup method.

I think the lean startup method takes the fun out of #Entrepreneurship. It kills the inherent curiosity of experimentation, randomness, spontaneity and above all serendipity. Trying hard to apply causal logic in a complex world. A mind-frame of limitation. #startup #leanstartup— Kiran Johny (@johnywrites) October 14, 2018 The concept of lean startup provides a process framework … Continue reading Tweet: Why i think we can do better than lean startup method.