effectuation in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
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.
Crossword clues for effectuation
Crossword clue ideas and answer hints for the word "effectuation".
- A method for entrepreneurs to create opportunities.
- A framework for making decisions with limited resources.
- Taking action based on current assets and relationships.
- Creating value through available resources and partnerships.
- A way to navigate uncertainty by leveraging existing tools.
Effectuation sentence examples
- 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.