University of Twente Student Theses
Effectual Decision-Making explained through a perceived Loose Cultural Dimension in Potential Entrepreneurs. A Case from The Netherlands.
Morales Corral, Jose Arturo (2015) Effectual Decision-Making explained through a perceived Loose Cultural Dimension in Potential Entrepreneurs. A Case from The Netherlands.
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| Abstract: | Effectual decision-making in starting a new venture and its diverse processes has caused an enormous amount of interest among many researchers in the last decade. In entrepreneurial literature, two main angles have been distinguished with regard to decision-making processes in new venture creation: effectual and causal decision-making. When an individual uses effectual logic, he or she will begin with a given set of means, focus on affordable loss, emphasise strategic alliances, exploit contingencies, and seek to control an unpredictable future. When an individual uses causal logic, he or she will begin with a given goal, focus on expected returns, emphasise competitive analyses, exploit pre-existing knowledge, and try to predict an uncertain future. The purpose of this research paper investigates the cultural dimension of tightness-looseness – which measures how clear and pervasive norms are within societies and how much tolerance there is for deviance from norms – and how this tightness or looseness perceived in society influences a entrepreneur’s decision making in a determined country. It has been found that potential entrepreneurs perceived to live in a neutral tight-loose society and this does not influence, the found, effectual decision-making of a potential entrepreneur. |
| Item Type: | Essay (Bachelor) |
| Clients: | Unknown organization, Netherlands |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 02 science and culture in general, 73 cultural anthropology, 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/67331 |
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