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market economy. This chapter examines one such example: the growing field of social entrepreneurship. Although it attracts … major interest in management studies, social entrepreneurship has received scant attention from economists. This chapter … resolves this oversight by placing the theory of social entrepreneurship on an economic foundation. It outlines the economic …
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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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