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
Saras Saraswathi is known for her Effectuation theory of Entrepreneurship. In this clip, she discusses the conceptual interface between Artifact and Entrepreneurs. https://twitter.com/johnywrites/status/1340744384065593344?s=20
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.
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
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.