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The national cultural background of an entrepreneur as a driving force of effectual behavior in new venture creation

Jacobs, S. (2013) The national cultural background of an entrepreneur as a driving force of effectual behavior in new venture creation.

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Abstract:The main body of research on new venture creation is based on rational decision-making models that are goal driven and referred to as causation models. A more recent perspective that has been gaining ground in literature demonstrates that (expert) entrepreneurs create ventures in a different way when markets are non-existent or in situations with great uncertainty. This is the perspective of effectuation, which questions the universal applicability of causation-based models. Effectuation research is moving to a new level of research, characterized by establishing relationships with other constructs. This research is part of the EPICC (Entrepreneurial Processes in a Cultural Context) project and makes a contribution to effectuation literature by examining to what extent effectual behavior in new venture creation is driven by the national cultural backgrond of an entrepreneur. A comparison is made between student entrepreneurs of four different countries; Canada, the Netherlands, China and Vietnam. Based on similarities in cultural dimensions, the countries were clustered. The overall use of causation and effectuation demonstrate no significant differences between the clusters. However, after testing the hypotheses, results show that rather than acting as a predictor for the overall ratio between causation and effectuation, the national culturalal background of an entrepreneur reinforces the use of specific elements. Thus, specific characteristics of cultural dimensions that represent the national cultural background of an entrerpeneur are driving effectual behavior in new venture creation.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration BSc (56834)
Link to this item:http://purl.utwente.nl/essays/63690
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