Journal article
Do effectual approaches to entrepreneurship destroy value?
Frontiers of Entrepreneurship Research, Vol.28(4)
2008
Abstract
This paper explores the decision making processes involved in effectual logic and the relationship between behavioral biases and the effectual thinking related to entrepreneurial decision making. We consider the reasons why entrepreneurs may have a natural tendency towards effectual approaches and demonstrate under what conditions effectual processes might in some cases lead to less than desirable outcomes. We propose that entrepreneurs like other decision makers can be susceptible to behavioral biases, which can affect their effectual approaches that can either enhance or lead to less than desirable outcomes.
Details
- Title
- Do effectual approaches to entrepreneurship destroy value?
- Authors
- Qian Ye (Author) - University of Louisville, United StatesJason R Fitzsimmons (Author) - Queensland University of TechnologyEvan J Douglas (Author) - University of the Sunshine Coast - Faculty of Business
- Publication details
- Frontiers of Entrepreneurship Research, Vol.28(4)
- Publisher
- Babson College, Center for Entrepreneurial Studies
- Date published
- 2008
- ISSN
- 0740-7416
- Copyright note
- Copyright © 2008 The Authors. Reproduced here with permission.
- Organisation Unit
- University of the Sunshine Coast, Queensland
- Language
- English
- Record Identifier
- 99449087702621
- Output Type
- Journal article
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