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Effectuation has become the basis for educating entrepreneurs and managers. Derived from cognitive and behavioral economic studies of expert entrepreneurs, effectuation shows how to cocreate value in highly uncertain situations. The framework of effectuation consists in techniques that minimize...
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We provide a formal model of entrepreneurship in human development. The framework is provided by the capabilities … approach (CA). Hence we extend not only the conceptualisation of entrepreneurship in development, but the reach of the CA into … entrepreneurship. From a CA view, entrepreneurship is not only a production factor, or a means to an end, as is often taken to be the …
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-driven entrepreneurship in the modern sector. The model shows how opportunity-driven entrepreneurship can drive structural transformation … by increasing employment and productivity in both the modern and traditional sectors. -- entrepreneurship ; economic …
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