Effectual Entrepreneurship, Third Edition
Practically Speaking
A Guide to the Process
Process is necessary but can hinder progress. This venture delivers results differently through small, flexible, month-long project teams.
Entrepreneur: John Seybold
Entity: Guidewire
Country: USA
Pages 348-350 in
Chapter 20 The Venture Grows Up: Create an Entrepreneurial Culture (pp. 335 to 354)
"Despite the popular malignment of process, it has an intended function: to help organize, coordinate, and facilitate the actions of many individuals within a large organization. The problem is not the process, but the implementation of the process—what it is actually intended to accomplish.
To provide a view into a different possible implementation of process, consider the story of insurance software provider, Guidewire. When John Seybold and his partners founded Guidewire in 2001, he knew little more about the insurance industry than an informed consumer. But as chief technology officer of the upstart company, he also knew he and the team had to learn quickly if they were going to convince mainstream insurers to scrap their aging mainframes and adopt Guidewire's Java-based solutions.
Process Objective: Flexibility
The team members looked at the problem and made a decision. Above all, they would be flexible— flexible product, flexible business model, and flexible organization. They expected to gain insights every day from customers, partners, and competitors, and they wanted to be able to immediately benefit from everything they learned."
Under Construction: Join Us in Co-Creation!

Video Resources
References & Links
- How Starbucks Became An $80B Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=XUBeH7VQaFY&t=50s
- Howard Schultz. (n.d.-a). Schultz Family Foundation. Retrieved April 20, 2025, from https://schultzfamilyfoundation.org/team-member/howard-schultz/
- Howard Schultz. (n.d.-b). Forbes. Retrieved April 20, 2025, from https://www.forbes.com/profile/howard-schultz/
- Howard Schultz. (2025). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Howard_Schultz&oldid=1285405168
- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
- hpeiper. (2018, September 4). Schultz to young entrepreneurs: ‘It can happen for you’. Starbucks Stories EMEA. https://stories.starbucks.com/emea/stories/2018/bocconni-university/
- Starbucks CEO Howard Schultz: How to Be Strategic Thinkers | Inc. - YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=Q5Djl9_Xc3w
- Starbucks’ CEO Talks Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=83yInyY1KLs&t=152s
- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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