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
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contact the author/s for details. If you have comments regarding this site
or information in it, please send an email to info@effectuation.org.