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
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
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
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
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
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
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
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.
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
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
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?
New paper "Diverse Rationalities of Entrepreneurship Education: An Epistemic Stance Perspective" compares three ent-ed programs. https://twitter.com/mlackeus/status/1385347846174556169
Failures are prototypes of experience: They are powerful reference point which can act as a tool for decision making and adjustment. They are a special kind of tacit knowledge that is difficult to transfer to another person by means of writing it down or verbalizing it. Hyper correction effect: This refers to the finding that … Continue reading 2 perspectives to approach failures and mistakes
Economist Daniel Kahneman talks about 'Delusional Optimism' as one of the key traits of Entrepreneurs. https://twitter.com/johnywrites/status/1321859000439238656?s=20 https://twitter.com/EshipRules/status/1324661113116598277?s=20 https://twitter.com/johnywrites/status/1324705705434116096?s=20
https://twitter.com/johnywrites/status/1315693615729926145?s=20 https://twitter.com/johnywrites/status/1315695183191666688?s=20 https://twitter.com/johnywrites/status/1315696740960411649?s=20 https://twitter.com/johnywrites/status/1315697999234789376?s=20 https://twitter.com/johnywrites/status/1315701764142755840?s=20 https://twitter.com/johnywrites/status/1315706522735800320?s=20 The Feedback Loop Tangent https://twitter.com/AndyPena/status/1315741156307881985?s=20 https://twitter.com/CarlessDavid/status/1315878515560964096?s=20 https://twitter.com/viccurtis/status/1315981149588656129?s=20 https://twitter.com/johnywrites/status/1315892068170911744?s=20 https://twitter.com/johnywrites/status/1315893403880620033?s=20 https://twitter.com/bartderre/status/1315911064677163010?s=20 https://twitter.com/mlackeus/status/1316036301775400968?s=20 https://twitter.com/johnywrites/status/1315993432733540352?s=20 https://twitter.com/johnywrites/status/1316000776875991042?s=20