Law of Limitation of Ideas and Effectuation

  Does effectuation limit the kinds of ideas that you can pursue? While acknowledging the fact that there may be certain limitation in ideas that you pursue. Some of them are such as financial limitations, limitations based on skill or other factors. Professor Saras D. Sarasvathy distinguishes between the two types of limitations that arise

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Part One of Entrepreneurship and Effectuation

  The Buzzwords : Entrepreneurship and Effectuation It all starts with an Idea. An idea that starts as a speck within an entrepreneur gathers resources, infrastructure, successes, failures, attitude, lessons, collaborations and grows into an ecosystem where more ventures thrive and compete. An idea alone is not enough, though. Its realization takes more than a

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Part Four of Indian Startup Ecosystem and Effectuation

  Indian Startup Ecosystem is still very much vested on using the old model when it comes to entrepreneurship. Saras Sarasvathy discusses the importance of incorporating the effectuation and causation method for growing startups. She also makes a few examples of Indian companies that are effectual. Most startups in India are tech startups learning from mentors and

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Part Three of Women and Effectuation

  In the USA, 30% of businesses owned by women are small businesses.  Saras Sarasvathy discusses female entrepreneurs concentrating on women and effectuation. She highlights various reasons that most female-owned enterprises stay small. However, there is Yan Cheung, the founder of Nine Dragon Paper who succeeded against all odds. We are talking about if Women and Effectuation

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Part Two of Principles of Effectuation

  In entrepreneurship, there are limitations like money, skills, etc. whether the entrepreneur thinks effectually or causally.  Saras Sarasvathy discusses the difference limitations between effectuation and causation. One important aspect of entrepreneurship is during the business establishment. The limitation to establish a business is based on the approach that the entrepreneur takes. So are there Principles of Effectuation

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Nine Dragon Paper and Effectuation Principle

   The episode highlights a unique situation that the Nine Dragon Paper Company. It was created by means of an affordable loss deal. This is where the success of the business guarantees an eventual profit and a novel business idea. Therefore a failure would not lead to a drastic disadvantage, as the costs of

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