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What is Effectuation

Handbook of Research on Ethics, Entrepreneurship, and Governance in Higher Education
Strategy materialization.
Published in Chapter:
Corporate Social Entrepreneurship: An Effective Dual Strategy?
M. del Rocío Vallejo-Fiallos (Blue Hill College, Ecuador)
DOI: 10.4018/978-1-5225-5837-8.ch014
Abstract
Entrepreneurship is a strategic opportunity for human development, on which MNCs play a vital role in the spillover effect. This chapter aims (1) to illustrate corporate social entrepreneurship (CSE) practices to generate social value and (2) to explore their ethical constraint alleviation. Using an internet-mediated research, a sustainability analysis of seventy companies from different countries and sizes evidenced that CSE is a tool for economic growth and good governance. This study brings new insights to the field of CSR and its role in sustainability by incorporating the entrepreneurship discipline. A corporate social innovation business model is proposed as a core business strategy. Also, Ecuadorian CSE practices and their different perspectives can serve as references for future studies.
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More Results
Creating Hybrid Social Ventures Through Effectuation and Bricolage: The Case of Rec.0
Theory of entrepreneurship that prescribes creating effects from the available means by combining the resources at hand with contingencies.
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International Entrepreneurship in the Video Game Industry in Barcelona
Theory of entrepreneurship that prescribes creating effects from the available means by combining the resources at hand with contingencies.
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Beyond the Business Model Canvas Universe: A Critical Exploration of the BMC Language
A concept covering how expert entrepreneurs approach early-stage entrepreneurship: “Effectuation processes take a set of means as given and focus on selecting between possible effects that can be created with that set of means.” ( Sarasvathy, 2001 , p. 245)
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