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  2. The five principles of effectuation are as follows:
    1. Start with your means: Don't wait for the perfect opportunity; use what you have.
    2. Set affordable losses: Limit risk by spending only what you can afford to lose.
    3. Leverage contingencies: Embrace bad news and surprises to create new opportunities.
    4. Form partnerships: Collaborate with others.
    5. Control the controllable: Focus on what you can influence12.
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    The research revealed that they use the following five principles:

    • 1) Start with your means. Don’t wait for the perfect opportunity. ...
    • 2) Set affordable losses. Limit risk by spending only what you can afford to lose at each step.
    www.daacap.com/effectuation-principles-a-theory-f…

    The five principles of effectual logic

    • 1. Bird-in-hand principle�start with your means Expert entrepreneurs approach opportunity on the basis of who they are, what they know, and whom they know. ...
    qrius.com/effectual-logic-how-entrepreneurs-think/
     
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  4. (PDF) Effectuation: Elements of Entrepreneurial …

    WEBFeb 29, 2008 · Each of the five principles above embodies techniques of non-predictive control – i.e. reducing the use of predictive strategies to …

    • Estimated Reading Time: 6 mins
  5. (PDF) Effectuation, an emerging theory of …

    WEBJul 31, 2017 · Findings The main outcome is to introduce four main streams linked to effectuation theory in the current scientific dialogue: …

    • Estimated Reading Time: 7 mins
  6. Opening the Black Box of Effectuation Processes: …

    WEBNov 28, 2017 · The four principles include: (a) affordable loss rather than expected return: entrepreneurs engaged in effectuation base …

    • Author: Yi Jiang, Charles-Clemens Rüling, Charles-Clemens Rüling
    • Estimated Reading Time: 8 mins
    • Publish Year: 2019
  7. The Five Principles of Effectuation Detail

  8. Entrepreneurship Journal Devotes New Issue to …

    WEBMay 27, 2020 · Since the initial article describing the five principles of effectuation nearly 20 years ago, Sarasvathy’s theory gained enormous traction across the globe among both academics and practitioners, …

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  9. Bringing People to the Table in New Ventures: An Effectual …

  10. Effectuation : elements of entrepreneurial expertise

    WEBMar 17, 2022 · In Effectuation, Saras Sarasvathy explores the theory and techniques of non-predictive control for creating new firms, markets and economic opportunities. Students and scholars of …

  11. Effectuation Collection | Darden Ideas to Action

  12. Effectuation : Elements of Entrepreneurial Expertise - Google Books

  13. What is Effectuation? Effectuation 101

  14. A comprehensive literature review of effectuation theory from …

  15. Effectuation principles: a theory for entrepreneurs - DAA Cap

  16. (PDF) How Entrepreneurs Think: Why Effectuation and Effectual …

  17. (PDF) Effectual entrepreneurship, second edition - ResearchGate

  18. How Expert Entrepreneurs Think. The five key principles of …

  19. Sarasvathy’s principles for effectuation – Innovation and ...

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  22. (PDF) How Entrepreneurs Think: Why Effectuation and

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