A structured literature review and suggestions for future effectuation research

Grégoire, Denis A.; Cherchem, N.

doi:10.1007/s11187-019-00158-5

Cited by 108 publications

(79 citation statements)

References 45 publications

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“…We question, as others have done (Grégoire and Cherchem 2019), whether effectuation theory can explain fully why entrepreneurs act as they do. We do not offer a comprehensive review of applied effectuation research; nor do we seek to replace effectuation with a new theory of venture creation.…”

Section: Introductionmentioning

confidence: 91%

“…Concepts demarcate the parameters for empirical studies conducted under the effectuation banner by directing research attention towards particular issues while marginalising or omitting others. We question, as others have done (Grégoire and Cherchem, 2019), whether effectuation theory can explain fully why entrepreneurs act as they do. We do not offer a comprehensive review of applied effectuation research; nor do we seek to replace effectuation with a new theory of venture creation.…”

Section: Introductionmentioning

confidence: 91%

“…Our critical examination of effectuation theory therefore constitutes a critique of a wide range of work founded on the assumption that entrepreneurs possess excessive powers of agency. A third reason is that, despite the widespread diffusion of effectuation ideas (Grégoire and Cherchem, 2019), they have been subject to limited critical scrutiny. Arend et al (2015Arend et al ( , 2016 have perhaps been the most vocal critics of effectuation, claiming that it is under-developed as a new theory of entrepreneurship.…”

Section: Introductionmentioning

confidence: 99%

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Contesting effectuation theory: Why it does not explain new venture creation

Kitching

Rouse

2020

International Small Business Journal: Researching Entrepreneurs

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We evaluate whether the theory of effectuation provides – or could provide – a powerful causal explanation of the process of new venture creation. We do this by conducting an analysis of the principal concepts introduced by effectuation theory. Effectuation theory has become a highly influential cognitive science-based approach to understanding how nascent entrepreneurs start businesses under conditions of uncertainty. But by reducing the process of venture creation to a decision-making logic, effectuation theory pays insufficient regard to the substantial, pervasive and enduring influence of social-structural and cultural contexts on venture creation. Powerful explanations should conceive of venture creation as a sociohistorical process emergent from the interaction of structural, cultural and agential causal powers and must be able to theorise, fallibly, how nascent entrepreneurs form particular firms in particular times and places. We conclude that effectuation’s contribution to entrepreneurship scholarship is more limited than its advocates claim because it can offer only an under-socialised, ahistorical account of venture creation. Failure to theorise adequately the influence of structural and cultural contexts on venture creation implicitly grants nascent entrepreneurs excessive powers of agency.

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Section: Introductionmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 91%

Section: Introductionmentioning

confidence: 99%

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Contesting effectuation theory: Why it does not explain new venture creation

Kitching

Rouse

2020

International Small Business Journal: Researching Entrepreneurs

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“…The conduct of our systematic review was influenced by robust exemplars of best practice previously published in Small Business Economics (Dabić et al, 2019;Grégoire & Cherchem, 2020;Karami et al, 2019;Pittaway & Cope, 2007). Guided by such, our systematic review broadly involved three stages: in the first, we systematically identified, collated, and filtered the existing EE literature to create a study population of top quality journal articles.…”

Section: Systematic Literature Reviewmentioning

confidence: 99%

Evolutionary entrepreneurial ecosystems: a research pathway

2021

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The recent widespread interest of policy in entrepreneurial ecosystems has been complemented by a burgeoning academic research output. This research to date may be broadly categorized as focusing on place, actors, governance, and evolution. Of these groupings, evolutionary processes have been paid least attention despite their centrality to a dynamic ecosystem phenomenon that evolves from an origin through processes of growth, adaptation, and resilience. To redress this imbalance, we frame a future research agenda on evolutionary processes of entrepreneurial ecosystems. Foremost amongst these are the competing lens for the evolutionary processes, the appropriate and evolving geographic scope and boundaries of the ecosystem, and the evolving visible or invisible modes of governance. Methodologically, we call for greater use of longitudinal studies of such evolutionary processes.

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“…Effectuation has been argued to take the opposite stance (Bhowmick 2011;Dew et al 2008;Dew and Sarasvathy 2002;Grégoire and Cherchem 2020;Read and Sarasvathy 2005;Schneider 2018;Tumidei et al 2020) and has been juxtaposed with causation in different respects (Dew et al 2009;Fisher 2012;Read and Sarasvathy 2005;Shirokova et al 2020). Effectuation describes a process apt for facing an environment which is uncertain and ill-structured to a degree that does not make it possible to predict the future; alternatively, effectuation leans on the idea that to "the extent that we can control the future, we do not need to predict it" (Sarasvathy 2001: 252).…”

Section: Process Featuresmentioning

confidence: 99%

On predictive entrepreneurial action in uncertain, ill-structured conditions

Rapp

Olbrich

2020

Rev Manag Sci

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Decision-making is at the heart of entrepreneurship. Unsurprisingly, entrepreneurship research has engaged with processes of entrepreneurial decision-making resulting, most importantly, in the notions of causation, effectuation, and enactment. Nevertheless, the range of processes delineated to date remains somewhat incomplete. Drawing on crucial insights from the analysis of decision problem structures reveals that entrepreneurship theory has lacked a process that both recognizes the ill-structuredness typically surrounding entrepreneurial decisions and places prognoses center stage. While effectuation implicitly addresses structural defects but denies prognoses a central role, causation emphasizes the importance of predictions while being associated with well-structured, risky environments, and thus, unaffected by structural defects. Theorizing about a combination thereof, that is, a process recognizing and considering the ill-structuredness of entrepreneurial environments yet building on predictions of the future is overdue. This paper, therefore, seeks to foster a more comprehensive yet nuanced understanding of entrepreneurial decision-making processes by outlining the intrinsic features of one such process that we term execution and relating it to existing processes.

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A structured literature review and suggestions for future effectuation research

Cited by 108 publications

References 45 publications

Contesting effectuation theory: Why it does not explain new venture creation

Contesting effectuation theory: Why it does not explain new venture creation

Evolutionary entrepreneurial ecosystems: a research pathway

On predictive entrepreneurial action in uncertain, ill-structured conditions

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