Pragmatic Turn And Entrepreneurship: Part one

In his book The Pragmatic Turn, Richard Bernstein provides an account of what he calls the “the pragmatic turn” that has been taking place over the past several years as philosophers and practitioners have taken up many of the themes explored by the classic American pragmatists. He argues that they are all converging on pragmatic … Continue reading Pragmatic Turn And Entrepreneurship: Part one

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

Entrepreneurship and Synergetics

Synergetics is an interdisciplinary theoretical approach that studies self-organization in complex systems(systems that are characterized by openness, dynamics, and complexity). It was developed by physicist Hermann Haken(1969) through his research experiments on laser light. He noticed unpredictable patterns emerging that cannot be explained by linear models. The properties of light change in a self-organized manner … Continue reading Entrepreneurship and Synergetics

Entrepreneurship is ecological. Outside the direct scope of academic credentialism.

If it was for the academicians to decide entrepreneurial outcomes, they would have done it already with Psychometric MCQ tests. Luckily, that is not the case and will never be the case. But unfortunately there are many enthusiastic chaps.(not meant for Prof Mollick if you ever see this). As I have discussed elsewhere, GRE’isation of … Continue reading Entrepreneurship is ecological. Outside the direct scope of academic credentialism.

Entrepreneurs as Scientists and Scientific Approach to Strategic Decision (Video playlist)

Prof Alfonso Gambardella of Bocconi University and co-authors discuss Scientific Approach to entrepreneurship and Strategic Decision making in the following videos https://www.youtube.com/watch?v=UF4xGAAtbSc&ab_channel=UniBocconi https://twitter.com/teppofelin/status/1542111029877940226 https://www.youtube.com/watch?v=MHnmoQ7iOVc&ab_channel=STRStrategicManagementDivision

ESOLoop: An Entrepreneurship Self-Organization Framework for a Complex, Dynamic and Interconnected world.

Abstract Entrepreneurship is a complex decision domain. It is essential that solutions designed for complex domains like entrepreneurship must consider dynamics of complexity like non-linearity, inter-relatedness, emergent property, etc. Regardless of this, most of the dominant entrepreneurship perspectives still assume that entrepreneurship is the same all over the world. The proposed solutions and methods are … Continue reading ESOLoop: An Entrepreneurship Self-Organization Framework for a Complex, Dynamic and Interconnected world.

A Complex Ecological Worldview Of Entrepreneurship

The right worldview is a necessary precondition for sustainable and effective design. If the world view is reductionist or simplistic, ignoring important unknowns, the design will reflect this weakness. As entrepreneurship is a naturally complex system, it is necessary to study entrepreneurial phenomena by applying the frame of complexity science. Despite this reality, most entrepreneurship … Continue reading A Complex Ecological Worldview Of Entrepreneurship

What should be in a complexity friendly design solution for entrepreneurship

Since entrepreneurship is a complex domain, proposed design solutions must recognize complexity as a core design challenge. It must also consider the disposition and bounded rationality of the decision-making agent in question. I have recently read an article by Herbert A. Simon "Can there be a science of complex systems?" in which he listed 4 … Continue reading What should be in a complexity friendly design solution for entrepreneurship

GRE’isation of entrepreneurship

Eric Ries(2011) introduced the concept of Actionable metric and Vanity metric by taking the example of a test preparation company called Grockit. This made me think about the formidable role Lean-startup played in the matricization of entrepreneurship culture. According to Eric Ries, "When cause and effect is clearly understood, people are better able to learn … Continue reading GRE’isation of entrepreneurship

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

Entrepreneurship models: Excluding others by omission or prescription. 

In complexity and evolution, heterogeneity is an asset. The more the relevant elements of variation present(requisite variety ) in a system, the more resilient and evolvable a system will become. Despite that, most entrepreneurship models are proposed as solutions for the problems of the existing one. It is often pitched as better that the previous one, … Continue reading Entrepreneurship models: Excluding others by omission or prescription. 

14+ Major Entrepreneurship models

Following models are suggested methods to use for starting a venture or develop a product/service. In this,-- Business plan, Lean startup, Design thinking are the most popular among startup community. On the other hand effectuation leads as the most respected model among researchers. Following are the three ways I would classify them Models 1 to … Continue reading 14+ Major Entrepreneurship models

Impulsivity and entrepreneurial behavior

Entrepreneurial behavior is often depicted as results of calculated rational action and seen to arise from a reasoned, judgement of a strategic high IQ genius . An alternative model i.e., an unreasoned, impulse-driven pathway remains to be empirically explored. A recent paper "Impulsivity and entrepreneurial behaviour: Exploring an unreasoned pathway" by Michael L Pietersen and … Continue reading Impulsivity and entrepreneurial behavior