The “pivot” has become part of startup lexicon. But pivot-thinking may not work for all companies, and substantially changing an organization’s strategy can be difficult and expensive for entrepreneurs. Darden experts weigh in.
How do successful entrepreneurs think? Darden Professor Saras Sarasvathy discusses her study of “effectuation” and the unique logic expert entrepreneurs employ to create the future, rather than simply predict it.
Effectuation is the logic of thinking used by expert entrepreneurs to build successful ventures. Darden Professor Saras Sarasvathy discovered the method through scientific research and has built a global movement of experts expanding research on and examining applications of the five principles of effectual action.
To learn the reality of building a business, an entrepreneurship boot camp in Bangalore puts into practice Saras Sarasvathy’s principles of effectuation.
Dr. Shahid Qureshi is determined to make the world a better place through effectuation, the set of principles for entrepreneurial decision-making developed by Darden’s Professor Saras Sarasvathy, based on a rigorous study of expert entrepreneurs.
When potential stakeholders don’t fit into categories such as an investor or a supplier, novice entrepreneurs often don’t approach them. Effectual asks, however, allow people to become involved with startups in many different ways.
You can’t always get what you want, but if you ask, you just might get what you need. Seasoned entrepreneurs seem to know this intuitively, and according to new research from Darden, they get what they need because they live by the mantra “Always be asking.”
Focusing on two regions of Ethiopia, Amhara and Tigray, the partnership seeks to improve productivity and reduce costs by increasing access to improved poultry breeds and training smallholder farmers to raise them effectively.
Darden Professor Saras Sarasvathy groundbreaking research launched a new way of looking at the entrepreneurial method, once thought to be unteachable. Since then, dozens of articles and books have built on her work, and in turn have reshaped the landscape of how entrepreneurship is taught, researched and practiced.