Embracing Uncertainty in Entrepreneurship
Module 1 • 10 Questions
Question 1 of 10
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What is the fundamental difference between Managerial Thinking (Causation) and Entrepreneurial Thinking (Effectuation)?
A
Causation embraces uncertainty, while effectuation seeks to eliminate it through planning.
B
Causation starts with a pre-determined goal and seeks the best means, while effectuation starts with available means and imagines new ends.
C
Causation is focused on short-term gains, while effectuation is focused on long-term goals.
D
There is no significant difference; they are two terms for the same process.