Comments on: Effectuation: How Entrepreneurship Really Works

By: Onions

Onions — Tue, 10 Jan 2012 18:48:00 +0000

And yet, unfortunately, despite all this you and Sarasvathy make entrepreneurship out to be practical and instrumental practice enacted by rare, inimitable characters. Still the entrepreneur is central, creating things, with some miraculous inalienable control over the environment. The opportunity you talk of is still individualised, not embodied across the networks and spaces occupy. As a result, entrepreneurial practice still seems the reserve of a rare few.
danielhartley.blogspot.com

By: Sadayantra

Sadayantra — Thu, 03 Nov 2011 21:36:00 +0000

Amazing! So in a way we all are entrepreneurs!

By: Yusuf

Yusuf — Mon, 23 May 2011 11:39:00 +0000

Thanks Dave, This has been very helpful. Im a student of entrepreneurship andI always thought there’s a better way to think and teach entrepreneurship than what is taught in many universities. Effectuation seems to be the missing link. I like the way you simplified it.
Yusuf, Uganda

By: Jill

Jill — Sat, 11 Dec 2010 20:04:00 +0000

These statements may be contradictory, “Because entrepreneurship is just an application of effectual logic and not the result of innate personality traits, it can be taught.” and “While the success rate of a typical individual venture might be quite low, an entrepreneur that sustains a failure is more likely to succeed in later rounds.” It may be that the ability to sustain failure or on the flip side to actually believe this statement, “If I lose it, I can survive. Whatu2019s the worst that can happen?u201d That makes someone and entrepreneur or not. You may not be able to teach that.nThere is another factor. It is the ability to manage success. When the business takes off, decisions need to be made, people need to be managed, systems need to be created, etc, and some people cannot cope with the demands and maintain confidence as decision makers. Innate personality traits may be the differentiator in the eventual success or failure of a business. n

By: Tim

Tim — Wed, 17 Nov 2010 15:09:00 +0000

Hello DavenThank you for this fabulous insight. I am frantically pulling research sources together as part of an effort to link the why and how of what you call effectuation and what Roger Martin at the Rotman School of Business here in Canada calls Abductive reasoning. nQuestion: can you point me in the direction of articles, papers that establish Principals of Entrepreneurship that have been peer reviewed? nnThanks a ton for this exceptionally well written piecenCheersnTim Glover

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Mon, 01 Mar 2010 14:41:39 +0000

[...] Troy summarizes entrepreneurship researcher Saras Sarasvathy: “Failure increases the odds of individual [...]

By: How Entrepreneurship Really Works by Dave Troy | Startup Monkey

How Entrepreneurship Really Works by Dave Troy | Startup Monkey — Sat, 27 Feb 2010 20:17:05 +0000

[...] on February 27th, 2010 Posted in CoWorking, Startups, Techonomic Development Checkout “How Entrepreneurship Really Works” from Dave Troy, entrepreneur and founder of Beehive Coworking located outside of [...]

By: katiemeyler

katiemeyler — Tue, 23 Feb 2010 06:29:25 +0000

thanks dave! i love trusting people! its gotten me further than i couldve ever imagined. its getting to the point of scariness now though. i founded a non profit, and i travel a lot. we have some pretty safe, traditional directors and i worry when i go back overseas for awhile the org is going to warp into something unrecognizably boring. its probably a healthy tension but i still get nervous. no time to lose though. jump!

By: katiemeyler

katiemeyler — Tue, 23 Feb 2010 06:25:42 +0000

thanks dave! i like the idea of trusting people, its gotten me further than I coulve ever imagined. im starting to get nervous though. i have a non profit and some of tour directors are very safe and traditional. i worry that when i go back overseas the org will warp into some unrecognizably boring non profit that loses our edge.-oh gosh. @ the same time, I love these people and we need different kinds of people.

By: Kerry Dobry

Kerry Dobry — Mon, 22 Feb 2010 09:47:02 +0000

Great Post! I am a fledgling entrepreneur at the beginning of taking a volunteer venture, a curriculum and class I designed to help student/family member teams to master the times tables, and turning it into a small business. It's a unique, very creative, fun, and a little loud class. It involves teaching plus some motivational coaching on my part and leadership chances on the part of families and students. It has really been EFFECTIVE and fun. I had read that most successful entrepreneurs are risk-takers, but I wouldn't have really labled myself this. More a calculated risk taker, but I think your post is a clearer definition than that. I saw a need, and have worked to make connections with families where they are in the spotlight. “Risk-taker” is too precarious a label. I can envision myself as an “effectual entrepreneur”! Thanks for the unique perspective on entrepreneurship, I think it will have an effect on my vision of myself as a leader.