“…“Microfoundations” refer to the (often individual-level) underpinnings of socioeconomic phenomena (Barney and Felin, 2013), such as entrepreneurial opportunities, from or through which such phenomena emerge. There has been some recent work in developing microfoundations for effectuation theory, but these efforts have so far focused on the determination between a causal or effectual decision logic (An et al , 2020; Berends et al , 2014; Fisher, 2012; Frese et al , 2020; Kerr and Coviello, 2020; Packard and Clark, 2020; Reymen et al , 2015; Smolka et al , 2018) or the differences between novice and expert entrepreneurs (Dew et al , 2018). One promising avenue of microfoundational exploration connects effectuation theory to design science (Sarasvathy, 2003; Sarasvathy et al , 2008), which advocates a forward-looking, prescriptive approach to science.…”