Entrepreneurship includes attributes such as
creativity
creating order
doing
thinking
continuity/ stiffness
Management includes attributes such as
analytical reasoning
resource abundance
intuition
forward/ future orientation
Effectuation is
selecting between ends that can be achieved with available means
selecting between means to achieve a desired end
Causation is
The available means of Effectuation are
Who am I, What I know, Whom I Know
What do I have, What can I do, What I know
When will I achieve my goals, How will I get sponsors, Who will help me
What are the principles of Effectuation
"Bird in Hand" Principle
"Affordable Loss" principle
"Crazy Quilt" Principle
"Lemonade" Principle
"Pilot in the Plane" Principle
The "Bird in Hand" Principle is the first of the principles, it encourages to take action with the means readily available.
The “Affordable Loss” Principle is about forming partnerships with people or companies that are willing to make a commitment to jointly creating the future.
The “Lemonade” Principle says to embrace surprises that arise from uncertain situations and to remain flexible rather than tethered to existing goals
The “Crazy Quilt” Principle is the belief that the future is neither found nor predicted, but rather made
The "Pilot in the Plane" Principles the belief that the future is neither found nor predicted, but rather made
The fusion of Management and Entrepreneurship can be called "Entrepreneuring" Management or Managing Entrepreneurship
Entrepreneurial mindset is reflecting your actions
Entrepreneurial doing is reflecting your actions
