A quantitative study on the effect of Entrepreneurial Passion on effectuation in the field of entrepreneurial decision-making.

In today's rapidly changing world, the actions of an entrepreneur are more important than ever. In this study, it is argued that Entrepreneurial Passion and the effectuation approach to decision-making are important aspects within entrepreneurship. Consequently, this research will focus on the effect of Entrepreneurial Passion on effectuation. Three domains of passion, which are passion for inventing, founding, and developing, were included in measuring Entrepreneurial Passion. Measurement instruments for Entrepreneurial Passion and effectuation were combined and questionnaires were filled out by 395 entrepreneurs from America, South-Africa, and the Netherlands. No significant support for a relationship between Entrepreneurial Passion and effectuation was found. Results for factor analysis show that the scale for measuring effectuation displays an unknown factor, in addition to the expected factors. Due to the different backgrounds of the entrepreneurs, a possible, but not proven, explanation could be cultural differences. This research, therefore, suggest future researchers to further examine this measurement instrument.