University of Twente Student Theses

Login

Fear the unknown or embrace the uncertainty? A German study on the entrepreneurial approaches of effectuation and causation.

Hillmer, S. (2020) Fear the unknown or embrace the uncertainty? A German study on the entrepreneurial approaches of effectuation and causation.

[img] PDF
987kB
Abstract:This study examines the effect of the intolerance of uncertainty and entrepreneurial passion on the decision-making processes of entrepreneurs. These processes revolve around the entrepreneurial approaches of effectuation and causation and deal with either a reliance on a set of large number of means with a desired outcome, or a limited amount of means without a clear business plan. Data were collected through an online questionnaire and included a total of 81 German entrepreneurs. Results show that both prospective and inhibitory anxiety affect the effectuation approach. For entrepreneurial passion, neither the passion for inventing, developing, nor founding predict an effectuation or causation approach, indicating that entrepreneurial passion does not affect the decision-making logics of entrepreneurs. The passion for inventing was however found to moderate the relationship between prospective and inhibitory anxiety and the causation approach. This study contributes to existing entrepreneurial literature and provides novel insights into the role of entrepreneurial passion in the context of effectuation. Future research should include a more distributed sample to account for regional differences and increase the generalizability for German entrepreneurs.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:https://purl.utwente.nl/essays/84299
Export this item as:BibTeX
EndNote
HTML Citation
Reference Manager

 

Repository Staff Only: item control page