We have come to think of the actual as one among many possible worlds.  We need to repaint that picture. All possible worlds lie within the actual one. -Nelson Goodman in Fact Fiction and Forecast

This site provides resources to researchers and teachers of entrepreneurship.

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.

Update - - Effectuation events this winter:

Effectuation Doctoral Students: December 28, 2009 - January 25, 2010 at IIM in Bangalore India: Doctoral Course in Effectual Entrepreneurship. 

Update - - New Effectuation publications:

Effectuation: Elements of Entrepreneurial Expertise (Sarasvathy 2008) is an academic book detailing thoughts, research and implications of effectuation.

Forthcoming, 2010: An entrepreneurship textbook project based on effectuation. For a glimpse, here is Chapter 2, and the Table of Contents.

Forthcoming, 2010: A doctoral coursebook in ideas related to effectuation: Made As Well As Found.

Update - - Effectuation community:

Teaching and/or researching effectuation?  Please subscribe yourself to the Google Group devoted to effectuation, or Visit this group