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Does the effectuation theory apply to expert entrepreneurs in a different setting? What drives the decisions of expert entrepreneurs?

Groeneveld, Lars (2022) Does the effectuation theory apply to expert entrepreneurs in a different setting? What drives the decisions of expert entrepreneurs?

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Abstract:The goal of this paper is to investigate whether the effectuation theory applies to expert entrepreneurs in a different setting. Does the effectuation theory apply to all entrepreneurs that have experience and to entrepreneurs that founded more businesses or are other factors more of influence? Interviews were conducted with entrepreneurs who have more than 2 years of entrepreneurial experience. These interviews tried to investigate whether they were more intended to make use of their own resources (effectuation) or that they used a planned approach (causation). Defining an expert entrepreneur can be hard since their business they operate in can be of influence. Some entrepreneurs face highly uncertain unidentified markets where they must make decisions about an unknown future. Other entrepreneurs face a more routine business environment with well-known markets with less strategic decision making. The results showed that entrepreneurs are more intended to an effectual way of decision making, however the answers also indicated that it was a combination of the two theories and that every situation is different for each entrepreneur.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/91241
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