Journal
ENTREPRENEURSHIP THEORY AND PRACTICE
Volume 43, Issue 1, Pages 171-202Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/1042258717744204
Keywords
effectuation theory; heterogeneous effectuation; episodes; process study; new venture creation process
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In this paper, we open the black box of effectuation as a process by identifying effectuation process characteristics and patterns and thereby unveiling the heterogeneity of effectuation processes. Based on a multiple case research approach, sequential qualitative analysis is used to contrast similarities and differences in effectuation processes among six high-technology ventures. By theorizing the relationship between effectuation principles and process characteristics, we increase the conceptual clarity of effectuation theory and provide insights into how effectuation may be operationalized for scholars in future research.
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