Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER)

Isabelle Reymen, Petra Andries, Rene Mauer, Ute Stephan, Elco Van Burg

Research output: Contribution to journalArticle

Abstract

The creation of new ventures is a process characterized by the need to decide and take action in the face of uncertainty, and this is particularly so in the case of technology-based ventures. Effectuation theory (Sarasvathy, 2001) has advanced two possible approaches for making decisions while facing uncertainty in the entrepreneurial process. Causation logic is based on prediction and aims at lowering uncertainty, whereas effectuation logic is based on non-predictive action and aims at working with uncertainty. This study aims to generate more fine-grained insight in the dynamics of effectuation and causation over time. We address the following questions: (1) What patterns can be found in effectual and causal behaviour of technology-based new ventures over time? And (2) How may patterns in the dynamics of effectuation and causation be explained?
Original languageEnglish
Article number25
JournalFrontiers of Entrepreneurship Research
Volume32
Issue number6
Publication statusPublished - 2012

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Effectuation
Causation
New ventures
Uncertainty
Logic
Entrepreneurial process
Venture
Decision making
Prediction

Bibliographical note

This Interactive Paper is brought to you for free and open access by the Entrepreneurship at Babson at Digital Knowledge at Babson. It has been
accepted for inclusion in Frontiers of Entrepreneurship Research by an authorized administrator of Digital Knowledge at Babson. For more
information, please contact digitalknowledge@babson.edu.

Cite this

Reymen, I., Andries, P., Mauer, R., Stephan, U., & Van Burg, E. (2012). Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER). Frontiers of Entrepreneurship Research, 32(6), [25].
Reymen, Isabelle ; Andries, Petra ; Mauer, Rene ; Stephan, Ute ; Van Burg, Elco. / Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER). In: Frontiers of Entrepreneurship Research. 2012 ; Vol. 32, No. 6.
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Reymen, I, Andries, P, Mauer, R, Stephan, U & Van Burg, E 2012, 'Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER)', Frontiers of Entrepreneurship Research, vol. 32, no. 6, 25.

Dynamics of effectuation and causation in technology-based new ventures (INTERACTIVE PAPER). / Reymen, Isabelle; Andries, Petra; Mauer, Rene; Stephan, Ute; Van Burg, Elco.

In: Frontiers of Entrepreneurship Research, Vol. 32, No. 6, 25, 2012.

Research output: Contribution to journalArticle

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