
Welcome to effectuation! We have tried to provide a summary of some of the latest and most accessible materials relating to effectuation on this page.
WHAT IS EFFECTUATION? Effectuation is a logic of entrepreneurial expertise, developed from a cognitive science based study of 27 founders of companies ranging in size from $200 million to $6.5 billion. Effectuation articulates a dynamic and interactive process of creating new artifacts in the world. Effectual reasoning is a type of human problem solving that takes the future as fundamentally unpredictable, yet controllable through human action; the environment as constructible through choice; and goals as negotiated residuals of stakeholder commitments rather than as pre-existent preference orderings.
What makes entrepreneurs entrepreneurial? An easy 8-page introduction to the key elements of the theory and its application.
Affordable Loss and the Plunge Decision How do entrepreneurs decide to take that bold move into starting a new venture?
Effectuation and New Venture Performance How does an effectual approach relate to the outcomes generated by a new venture
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