Logic of decision-making of students-entrepreneurs: effectuation or causation?
Kadirov N.T.1
, Filippov V.V.1
1 Дальневосточный федеральный университет
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Journal paper
Russian Journal of Entrepreneurship *
Volume 19, Number 2 (February 2018)
* Этот журнал не выпускается в Первом экономическом издательстве
Abstract:
The article considers the logic the students-entrepreneurs follow when they act and make decisions at the university the goal of which is related to the development, in particular, of the entrepreneurial direction. For the study we use the case-study method. We consider a multiple case involving three cases of students-entrepreneurs from the Far Eastern Federal University (FEFU) in Vladivostok. Data for describing the context of the study were obtained from news and documents that are publicly available on the FEFU official website. Data for case analysis were collected using semi-structured interviews conducted in May 2017. Based on the analysis of collected materials, we conclude that business students tend to follow the effectual logic of decision-making. In the cases examined, this logic is most clearly manifested in the application of resource-oriented approach and the principle of "a bird in the hand".
Keywords: entrepreneurial university, effectuation, entrepreneurial behavior model, student entrepreneurship
JEL-classification: L26, I23, M21
References:
Chandler G. N. et al. (2011). Causation and effectuation processes: A validation study Journal of Business Venturing. 26 (3). 375-390.
Davidsson P., Honig B. (2003). The role of social and human capital among nascent entrepreneurs Journal of Business Venturing. 18 (3). 301-331.
Dew N. et al. (2009). Effectual versus predictive logics in entrepreneurial decision-making: Differences between experts and novices Journal of Business Venturing. 24 (4). 287-309.
Franke N., Lüthje C. (2004). Entrepreneurial intentions of business students - A benchmarking study International Journal of Innovation and Technology Management. 1 (03). 269-288.
Honig B. (2004). Entrepreneurship education: Toward a model of contingency-based business planning Academy of Management Learning & Education. 3 (3). 258-273.
Jansen S. et al. (2015). How education, stimulation, and incubation encourage student entrepreneurship: Observations from MIT, IIIT, and Utrecht University The International Journal of Management Education. (13(5)). 170-181.
Kapelyushnikov R. A. (2003). Vklad Geri Bekkera v ekonomicheskuyu teoriyu [Gary Becker's contribution to economic theory] M.: GU VShE. (in Russian).
Karlsson T., Honig B. (2009). Judging a business by its cover: An institutional perspective on new ventures and the business plan Journal of Business Venturing. 24 (1). 27-45.
Kuehn K.W. (2008). Entrepreneurial intentions research: Implications for entrepreneurship education Journal of Entrepreneurship Education. (11). 87.
Last D.A. (2015). Keys-metod dlya ekonomicheskikh i biznes-issledovaniy [Case Study methodology in economic and business research]. Izvestiya of the Far Eastern Federal University. Economics and Management. (4(76)). 177-189. (in Russian).
Maine E., Soh P. H., Dos Santos N. (2015). The role of entrepreneurial decision-making in opportunity creation and recognition Technovation. 39 53-72.
Masalkov I.K., Semina M.V. (2011). Strategiya keys stadi: metodologiya issledovaniya i prepodavaniya [Case Study Strategy: research and teaching methodology] M.: Akademicheskiy proekt. (in Russian).
Noor K.B.M. (2008). Case study: A strategic research methodology American Journal of Applied Sciences. 5 (11). 1602-1064.
Perry J.T., Chandler G.N., Markova G. (2012). Entrepreneurial effectuation: a review and suggestions for future research Entrepreneurship Theory and Practice. 36 (4). 837-861.
Pervin L., Dzhon O. (2006). Teoriya i issledovaniya: ucheb. posobie: rek. Min. obr. RF [Theory and Research: Textbook. recommended by the Ministry of Education of the Russian Federation] (in Russian).
Portes A. (1998). Social capital: Its origins and applications in modern sociology Annual Review of Sociology. 24 (1). 1-24.
Read S., Sarasvathy S.D. (2005). Knowing what todo and doing what you know: Effectuation as a form of entrepreneurial expertise The Journal of Private Equity. 9 (1). 45-62.
Sarasvathy S.D. (2001). Effectual reasoning inтentrepreneurial decision making: existence and bounds Academy. (1). 1-6.
Schultz T. (1961). Investment in human capital The American Economic Review. 51 (1). 1-17.
Shirokova G. V., Bogatyreva K. A., Galkina T. A. (2014). Effektuatsiya i kauzatsiya: vzaimosvyaz universitetskoy infrastruktury i vybora tipa povedeniya v protsesse sozdaniya biznesa studentami-predprinimatelyami [Effectuation and causation: relationship between university infrastructure and behavioral choice in new venture creation by student-entrepreneurs.]. Russian Management Journal. 12 (3). 59-86. (in Russian).
Shirokova G.V., BelyaevaT.V., Bogatyreva K.A., Knatko D.M., Laskovaya A.K., Manolova T.S., Morris M.G., Osievskiy A.V., Tsukanova T.V., Shirokova G.V., Edelman L.F. (2016). Faktory formirovaniya predprinimatelskoy aktivnosti studentov [Formation factors of entrepreneurial activity of students] SPb.: Izd-vo S.-Peterb. gos. un-ta. (in Russian).
Shirokova G.V., Laskovaya A.K. (2015). Kontseptsiya effektuatsii: etapy razvitiya i osnovnye napravleniya issledovaniy [Effectuation concept: stages of development and main research directions]. Vestnik of Saint Petersburg University. Series 8. Management. (2). 3-38. (in Russian).
Unger J.M. et al. (2011). Human capital and entrepreneurial success: A meta-analytical review Journal of Business Venturing. 26 (3). 341-358.
arasvathy S.D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency Academy of management Review. 26 (2). 243-263.
Общественные объединения Дальневосточного федерального университетаDvfu. (in Russian). Retrieved January 21, 2018, from https://www.dvfu.ru/student-life/social-organization/public-association
Печенкина А. Бизнес в кампусе: студенческие проекты претендуют на получение грантов в ДВФУНовости ДВФУ. (in Russian). Retrieved January 21, 2018, from https://www.dvfu.ru/news/fefu-news/business_campus_student_projects_applying_for_grants_in_fefu
План мероприятий по реализации программы повышения конкурентоспособности («дорожная карта») Федерального государственного автономного образовательного учреждения высшего профессионального образования «Дальневосточный федеральный университет» на 2013-2020 годыGoo. (in Russian). Retrieved January 21, 2018, from https://goo.gl/51Ytsz
Программа развития федерального государственного автономного образовательного учреждения высшего профессионального образования "Дальневосточный федеральный университет" на 2010 - 2019 годыGoo. (in Russian). Retrieved January 21, 2018, from https://goo.gl/7HuCtx
Davidsson P., Honig B. (2003). The role of social and human capital among nascent entrepreneurs Journal of Business Venturing. 18 (3). 301-331.
Dew N. et al. (2009). Effectual versus predictive logics in entrepreneurial decision-making: Differences between experts and novices Journal of Business Venturing. 24 (4). 287-309.
Franke N., Lüthje C. (2004). Entrepreneurial intentions of business students - A benchmarking study International Journal of Innovation and Technology Management. 1 (03). 269-288.
Honig B. (2004). Entrepreneurship education: Toward a model of contingency-based business planning Academy of Management Learning & Education. 3 (3). 258-273.
Jansen S. et al. (2015). How education, stimulation, and incubation encourage student entrepreneurship: Observations from MIT, IIIT, and Utrecht University The International Journal of Management Education. (13(5)). 170-181.
Kapelyushnikov R. A. (2003). Vklad Geri Bekkera v ekonomicheskuyu teoriyu [Gary Becker's contribution to economic theory] M.: GU VShE. (in Russian).
Karlsson T., Honig B. (2009). Judging a business by its cover: An institutional perspective on new ventures and the business plan Journal of Business Venturing. 24 (1). 27-45.
Kuehn K.W. (2008). Entrepreneurial intentions research: Implications for entrepreneurship education Journal of Entrepreneurship Education. (11). 87.
Last D.A. (2015). Keys-metod dlya ekonomicheskikh i biznes-issledovaniy [Case Study methodology in economic and business research]. Izvestiya of the Far Eastern Federal University. Economics and Management. (4(76)). 177-189. (in Russian).
Maine E., Soh P. H., Dos Santos N. (2015). The role of entrepreneurial decision-making in opportunity creation and recognition Technovation. 39 53-72.
Masalkov I.K., Semina M.V. (2011). Strategiya keys stadi: metodologiya issledovaniya i prepodavaniya [Case Study Strategy: research and teaching methodology] M.: Akademicheskiy proekt. (in Russian).
Noor K.B.M. (2008). Case study: A strategic research methodology American Journal of Applied Sciences. 5 (11). 1602-1064.
Perry J.T., Chandler G.N., Markova G. (2012). Entrepreneurial effectuation: a review and suggestions for future research Entrepreneurship Theory and Practice. 36 (4). 837-861.
Pervin L., Dzhon O. (2006). Teoriya i issledovaniya: ucheb. posobie: rek. Min. obr. RF [Theory and Research: Textbook. recommended by the Ministry of Education of the Russian Federation] (in Russian).
Portes A. (1998). Social capital: Its origins and applications in modern sociology Annual Review of Sociology. 24 (1). 1-24.
Read S., Sarasvathy S.D. (2005). Knowing what todo and doing what you know: Effectuation as a form of entrepreneurial expertise The Journal of Private Equity. 9 (1). 45-62.
Sarasvathy S.D. (2001). Effectual reasoning inтentrepreneurial decision making: existence and bounds Academy. (1). 1-6.
Schultz T. (1961). Investment in human capital The American Economic Review. 51 (1). 1-17.
Shirokova G. V., Bogatyreva K. A., Galkina T. A. (2014). Effektuatsiya i kauzatsiya: vzaimosvyaz universitetskoy infrastruktury i vybora tipa povedeniya v protsesse sozdaniya biznesa studentami-predprinimatelyami [Effectuation and causation: relationship between university infrastructure and behavioral choice in new venture creation by student-entrepreneurs.]. Russian Management Journal. 12 (3). 59-86. (in Russian).
Shirokova G.V., BelyaevaT.V., Bogatyreva K.A., Knatko D.M., Laskovaya A.K., Manolova T.S., Morris M.G., Osievskiy A.V., Tsukanova T.V., Shirokova G.V., Edelman L.F. (2016). Faktory formirovaniya predprinimatelskoy aktivnosti studentov [Formation factors of entrepreneurial activity of students] SPb.: Izd-vo S.-Peterb. gos. un-ta. (in Russian).
Shirokova G.V., Laskovaya A.K. (2015). Kontseptsiya effektuatsii: etapy razvitiya i osnovnye napravleniya issledovaniy [Effectuation concept: stages of development and main research directions]. Vestnik of Saint Petersburg University. Series 8. Management. (2). 3-38. (in Russian).
Unger J.M. et al. (2011). Human capital and entrepreneurial success: A meta-analytical review Journal of Business Venturing. 26 (3). 341-358.
arasvathy S.D. (2001). Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency Academy of management Review. 26 (2). 243-263.
Общественные объединения Дальневосточного федерального университетаDvfu. (in Russian). Retrieved January 21, 2018, from https://www.dvfu.ru/student-life/social-organization/public-association
Печенкина А. Бизнес в кампусе: студенческие проекты претендуют на получение грантов в ДВФУНовости ДВФУ. (in Russian). Retrieved January 21, 2018, from https://www.dvfu.ru/news/fefu-news/business_campus_student_projects_applying_for_grants_in_fefu
План мероприятий по реализации программы повышения конкурентоспособности («дорожная карта») Федерального государственного автономного образовательного учреждения высшего профессионального образования «Дальневосточный федеральный университет» на 2013-2020 годыGoo. (in Russian). Retrieved January 21, 2018, from https://goo.gl/51Ytsz
Программа развития федерального государственного автономного образовательного учреждения высшего профессионального образования "Дальневосточный федеральный университет" на 2010 - 2019 годыGoo. (in Russian). Retrieved January 21, 2018, from https://goo.gl/7HuCtx
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