Causation and Effectuation

Sarasvathy, S. D. (2001). Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency. Academy of Management Review, 26(2), 243-263.

Type

Journal article

Intellectual base

Primary research

Year

2001

Volume

26

Issue

2

Pages

243-263

DOI

10.5465/amr.2001.4378020

DOI registrant

Academy of Management

Link

https://doi.org/10.5465/AMR.2001.4378020

Cited by

3 citations across 3 artifacts.

Each citation links to the sentence it supports in the citing article.

Domain-specific

• Effectuation
  • Effectuation is the decision logic identified by Sarasvathy in empirical studies of expert entrepreneurs

    This sourceSarasvathy's effectuation, the decision logic of control contrasted with the causal logic of prediction. Setting effectuation's logic of control against causation's logic of prediction. Sarasvathy's (2001) effectuation argument rests on her think-aloud studies of expert entrepreneurs.

    Supported in partVerified against the publisher's abstract

    “I argue that an explanation for the creation of such artifacts requires the notion of effectuation. Causation rests on a logic of prediction, effectuation on the logic of control.”

    Read by an automated reader; not a human review. How support was checked

• Entrepreneurial Discovery
  • Austrian economics — the home turf, the central theory of market process, where alertness-plus-arbitrage is the endogenous error-correction that drives decentralized markets toward equilibrium. The economic calculation / central-planning debate — supplying the argument that no central allocator can substitute for the entrepreneurial function, because the gaps are not data until discovery reveals them. The theory of profit and competition — reframing profit as the signal-and-reward of discovery (the trace of an uncorrected disequilibrium) rather than a return to a factor of production. Strategy and entrepreneurship research — opportunity-recognition frameworks in entrepreneurship education (Shane and successors), with effectuation (Sarasvathy) a related-but-distinct theory, still on the market-process substrate

    Supported in partVerified against the source

    Read by an automated reader; not a human review. How support was checked

• Entrepreneurship
  • Entrepreneurial actors often limit exposure, stage commitments, or use affordable-loss reasoning rather than maximize risk.

Verification

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Does it back the claim? Read against the text for 2 of 3 citations: 2 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://doi.org/10.2307/259121 ×1

Registry ID ref:159704f0ae0f · see in the full table