selecting between ends that can be achieved with available means
selecting between means to achieve a desired end
Question 4
Question
Causation is
Answer
selecting between means to achieve a desired end
selecting between ends that can be achieved with available means
Question 5
Question
The available means of Effectuation are
Answer
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
Question 6
Question
What are the principles of Effectuation
Answer
"Bird in Hand" Principle
"Affordable Loss" principle
"Crazy Quilt" Principle
"Lemonade" Principle
"Pilot in the Plane" Principle
Question 7
Question
The "Bird in Hand" Principle is the first of the principles, it encourages to take action with the means readily available.
Answer
True
False
Question 8
Question
The “Affordable Loss” Principle is about forming partnerships with people or companies that are willing to make a commitment to jointly creating the future.
Answer
True
False
Question 9
Question
The “Lemonade” Principle says to embrace surprises that arise from uncertain situations and to remain flexible rather than tethered to existing goals
Answer
True
False
Question 10
Question
The “Crazy Quilt” Principle is the belief that the future is neither found nor predicted, but rather made
Answer
True
False
Question 11
Question
The "Pilot in the Plane" Principles the belief that the future is neither found nor predicted, but rather made
Answer
True
False
Question 12
Question
The fusion of Management and Entrepreneurship can be called "Entrepreneuring" Management or Managing Entrepreneurship
Answer
True
False
Question 13
Question
Entrepreneurial mindset is reflecting your actions