The freelance or gig economy is expected to grow. If you are concerned about making a living, you need to consider how to earn an income online. In 9 years, more than 50% of the American workforce will be freelancers. And it’s not just an American phenomenon. It is a global one. In her book, […]
The first step expert entrepreneurs take is to identify the means available to them. I illustrated this in the post Stop Looking At What You Don’t Have – Start With What You Do Have! Then in the last post, I shared with you my story to illustrate the rest of the Effectuation Cycle. In this post
This post is a continuation of the previous one. It’s about my journey from a stable university job to becoming a freelancer. And the Effectuation strategy describes it really well. Not surprising as Effectuation (by Prof. Saras Saravathy) describes what entrepreneurs actually do. So I was already practicing Effectuation without realising it! I hope my
Expert entrepreneurs start with what they have according to Sara Sarasvathy of Effectuation fame – the subject of a few of my more recent posts. Its the Bird In Hand Principle. And nowadays, everyone needs to start to think like an entrepreneur…even corporations. The sheer unpredictability of our environment demands this. (In fact you may
“Come with me if you want to live!” That was the famous invitation the intimidating Terminator, having come back from the future, offered to a disbelieving Sarah Connor (played by Linda Hamilton) in the movie Judgement Day. Now I am not offering quite the same thing! But what I am going to discuss today has
Let’s see how all the principles of Effectuation come together as you watch the origins of the famous Ice Hotel. This video is the last in the series on Effectuation by Professor Stuart Read of IMD. Enjoy and I will see you in the next post and discuss what this may all mean for you.
In an unpredictable environment, it is often the case that things do not go according to plan. Continuing with our series on Effectuation, you will see how expert entrepreneurs handle “setbacks”. In the 2 videos below, Professor Stuart Read of IMD explains and illustrates the Lemonade Principle we talked about in an earlier post.
Are entrepreneurs swashbuckling risk takers? You may be surprised at the answer! Continuing on with our series on Effectuation (the strategy that expert entrepreneurs use), you will get to see how expert entrepreneurs handle risk. Effectuation is not just for entrepreneurs but also for corporations that want to create a culture of innovation. Stuart Read,
This is a question some of us ask by choice. Maybe we have decided that the corporate world is not for us. So we decide to start on a different journey. Or it could be that the loss of jobs due to automation (or other reasons) forced this journey upon us. Or as a leader
In the videos below, Saras Sarasvathy, protege of Nobel Prize Winner Herb Simon, Ted talks about the Entrepreneurial Method – how entrepreneurs actually work! There are some theories that we may have about entrepreneurs and what makes them successful. Maybe they were geniuses and /or great risk takers. Maybe they had a unique talent. Maybe