effectuation in a sentence
n.
Definition
Effectuation is a decision-making framework used by entrepreneurs that focuses on taking action based on available resources and relationships to create opportunities in uncertain environments.
Sample Sentences
- Effectuation is a powerful approach for entrepreneurs looking to navigate uncertainty.
- In the context of startup development, effectuation emphasizes leveraging existing resources and relationships.
- The concept of effectuation challenges traditional notions of predictive planning in business strategy.
- By focusing on what they can control, effectuation allows innovators to adapt to changing market conditions.
- Understanding effectuation can greatly enhance decision-making processes in uncertain environments.
< return to search