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Get it together! Synergistic effects of causal and effectual decision-making logics on venture performance
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Smolka, Katrin M., Verheul, Ingrid, Burmeister-Lamp, Katrin and Heugens, Pursey P. M. A. R. (2018) Get it together! Synergistic effects of causal and effectual decision-making logics on venture performance. Entrepreneurship Theory and Practice, 42 (4). pp. 571-604. doi:10.1111/etap.12266 ISSN 1042-2587.
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Official URL: https://doi.org/10.1111/etap.12266
Abstract
Entrepreneurs rely on different decision-making logics when starting new ventures, including causal and effectual reasoning. Extant research suggests that venture performance is positively associated with both causal business planning and effectual action-orientation, but studies have not yet tested the synergistic potential of these two logics. We contribute to the debate on entrepreneurial decision making by exploring the interrelationship between causation and effectuation, detailing their main and interactive effects on venture performance. Using survey data collected on 1,453 entrepreneurs residing in 25 countries, we find that ventures benefit from using these two entrepreneurial logics in tandem.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Businesspeople, Decision making | ||||||||
Journal or Publication Title: | Entrepreneurship Theory and Practice | ||||||||
Publisher: | SAGE | ||||||||
ISSN: | 1042-2587 | ||||||||
Official Date: | 1 July 2018 | ||||||||
Dates: |
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Volume: | 42 | ||||||||
Number: | 4 | ||||||||
Page Range: | pp. 571-604 | ||||||||
DOI: | 10.1111/etap.12266 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | Smolka, Katrin, Verheul, Ingrid, Burmeister-Lamp, Katrin and Heugens, Pursey P. M. A. R. (2018) Get it together! Synergistic effects of causal and effectual decision-making logics on venture performance. Entrepreneurship Theory and Practice, 42 (4). pp. 571-604. doi:10.1111/etap.12266. Copyright © 2016 SAGE Publications Inc.. Reprinted by permission of SAGE Publications. | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 18 January 2019 | ||||||||
Date of first compliant Open Access: | 25 January 2019 |
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