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What is Effectuation (effectual logics)

Chapter 14
Developing Entrepreneurial Competencies for Start-Ups and Small Business
an approach based on acting and experimenting with all the existing means and the resources given, instead of focusing on planning and wasting time in elaborating strategic plans before gathering the required resources and undertaking the appropriate actions.
Published in Chapter:
Which Are the Appropriate Skills Needed for the Entrepreneurial Success of Startups in the Era of Digitalization?
Amina Omrane (Faculté des sciences économiques et de gestion de Sfax, Tunisia & Institut des hautes études commerciales de Carthage, Tunisia)
Copyright: © 2020 |Pages: 21
DOI: 10.4018/978-1-7998-2714-6.ch014
Abstract
Consistent with prior research on start-up entrepreneurship in this era of digitalization, this chapter is a theoretical study which aims at an in-depth understanding of the main specifics of start-ups. It mainly focuses on those ones localized in resource-constrained environments, by exploring the most relevant and effective competencies for them. The literature review enables the authors to identify five relevant kinds of skills which are related not only to specific social abilities, but also to other sorts of capabilities such as effectual and ambidextrous logics or resilience. Previous works have underlined that these skills have considerable and significant effects on the startups' entrepreneurial success. Consequently, it is recommanded that startup entrepreneurs develop them and learn how to foster them.
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