Entrepreneurial Process and Learning for the New Ventures: effectuation, causation and environment perspective

Abstract

In this research, entrepreneurial processes and entrepreneurial learning are key subjects. The aim is to see how entrepreneurs transform themselves from an idea into a viable enterprise through an entrepreneurial process. If a chance is recognized, an entrepreneur might use the entrepreneurship process to start a new company. The characteristics of the processes include effectuation and causality. It has been stated that high knowledge, instead of low salaries, poses the greatest risk to our economy. Consequently, learning is necessary to have a competitive edge. Entrepreneurial learning is characterized as learning throughout the start-up phase. Due to the similar features of performance and exploration, they are proposed to be connected. The major research technique was a qualitative measuring tool. Because research in this area is so limited, a grounded theory approach appeared the most suitable for my research interests. The results suggest that these notions are to some extent linked, but that these relationships are complex. It has been shown that there are strong linkages to the background of business operations and learning. As a result, additional large-scale study on the topic with the entrepreneurial process as the backdrop is recommended.