The Effect of Business Planning Education on Causation and Effectuation Practices in a Cross-Country Setting
Type
conference paper
Date Issued
2013-06-03
Author(s)
Abstract
Effectuation has been suggested as an appropriate decision-strategy in uncertain environments such as firm creation. However, the influence of business planning courses and workshops on effectuation and causation behaviors has not been studied systematically yet. We test the influ-ence of participating in business planning courses and business planning workshops/competitions on the use of effectuation and causation processes in new venture creation. Also, we analyze the effect of the cultural context, specifically, the national level of uncertainty avoidance. Using a sample of entrepreneurs from 17 countries from the Global University Entrepreneurial Spirit Stu-dents' Survey (GUESSS) we are able to show that participating in business planning courses fos-ters both, the use of causation as well as some effectuation processes. Unexpectedly, uncertainty avoidance has a direct negative influence on the application of causation and experimentation practices in new firm creation.
Language
English
Keywords
effectuation
causation
entrepreneurship education
business planning
uncertainty avoidance
GUESSS
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
EMLYON Business School
Publisher place
Lyon
Start page
1
Event Title
2nd Effectuation Conference
Event Location
Lyon, France
Event Date
03.-04.06.2013
Subject(s)
Division(s)
Eprints ID
223489