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Before we start
“Begin with the end in
mind” - Steven Cofey


                  http://www.flickr.com/photos/helico/1568566210/
en nu?
Effectuation
“why are entrepreneurs entrepreneurial”
Opbouw


• Week 1: effectuation 101
• Week 2: het proces + de 5 principes
Verwachtingen


• jullie gebruiken het denkproces van
  effectuation om verder te komen waar
  planning niet mogelijk is
Schools of thought
•   Design school
•   Planning school
•   Positioning school
•   Entrepreneurial school
•   Cognitive school
•   Learning school
•   Power school
•   Cultural school
•   Enviromental school
•   Configuration school
risico       onzekerheid

 hoe beginnen      stel een doel   kijk wat je kan

basis voor actie     moeten           kunnen
 return, risk en    verwachte
                                   affordable loss
   resources        opbrengst
                   concurrentie
   anderen?                         partnerships
                      analyse
het onverwachte    voorkomen         ombuigen

 de toekomst       voorspellen      effectueren
Effectuation vs. causality
                                                      CAUSAL vs. EFFECTUAL REASONING



    Managerial Thinking (Causal)                                           Entrepreneurial Thinking (Effectual)
    Distinguishing Characteristic                                          Distinguishing Characteristic
    Selecting between given means to achieve a pre-determined goal         Imagining a possible new end using a given set of means
                                                                                                                                     IMAGINED
    M1                                                                                                                                 ENDS
                                                                             GIVEN MEANS
    M2
                                                                                  M1
                                                                                        M2
    M3                                                        GIVEN
                                                              GOAL           M3
                                                                                        M5
    M4                                                                             M4


    M5
                       GIVEN MEANS
                                                                                  To the extent that
To the extent that we can                                                         we can control the future, we do not
predict the future, we can control it                                             need to
                                                                                  predict it
Oefening

• Bedenk een situatie waarbij je effectuerend
  handelde of causaal handelde.
• Deel die situatie met elkaar
• Wat waren belangrijke punten in die
  situatie?
opportunity
Opportunity
     =
 Idea + You
Grue en Bleen
                           CONTROL IN VENTURE ENVIRONMENTS




 HIGH
                                   Planning            Market Power

 EMPHASIS ON PREDICTION

                                 PREDICTION            MONOPOLY
                                Planned Action       Overlooked Action




                                  Adaptation            Effectuation



                                   RISK
                                                      UNCERTAINTY
                                 Inaction:
                                                      Creative Action
                           Learned Helplessness
  LOW




                          LOW           EMPHASIS ON CONTROL             HIGH
Case
Terugkoppeling

• Means?
• Partnerships?
• “Affordable loss”?
• “contigency”?
You are Nils Bergqvist:
What will you do next?



•   Take an inventory of your available means. What do you have
    and what you can do based on what is available to help you build
    an ice hotel?
•   Take an inventory of your available means. What else can you
    do besides build an ice hotel?
•   How will you leverage partnerships to help you create an ice
    hotel (choose a specific example and plan out how you would
    approach the partner, and how would you structure the
    relationship)?
•   What would you be willing to lose (your “affordable loss”) in
    working to build an ice hotel?
•   How will you manage contingency (what are 5 possible
    unexpected events, and how can you use them to your
    advantage)?



                                                                       2
effectuation
• 4 principes
 • non predictive control
 • “bird in hand”
 • “crazy quilt”
 • “lemonade”
• 1 process
Bird in hand
              ASSESSING OPPORTUNITY DOABILITY

                 FEASIBILITY                      VALUE


                Is it doable?
           Technological feasibility         Is it worth doing?
 MARKET
              Market feasibility             Financial feasibility
             Economic feasibility




                                            Do I want to do it?
                 Can I do it?
                                          What turns me on about it?
PERSONAL    What will it take to do it?
                                           Why do I want to do it?
            Whom else do I need?
                                                Exit strategies
Huiswerk

•   lees “effectual entrepreneurship”
    •  (hfst 3,5,9,10 (deze workshop))
    •  hfst 4,7,11,13,15 (volgende week)
•   lees case B
    •  verzin een list: hoe krijgen je Absolut aan boord?
       maak een pitch van 5 min
    •  hint: denk aan “Grue”
    •  hint: wat kan absolut alleen met ICEHotel doen?
       hoe breng je dat aan hun verstand?
Effectuation 01 kopie

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Effectuation 01 kopie

  • 2.
  • 3. “Begin with the end in mind” - Steven Cofey http://www.flickr.com/photos/helico/1568566210/
  • 4.
  • 7. Opbouw • Week 1: effectuation 101 • Week 2: het proces + de 5 principes
  • 8. Verwachtingen • jullie gebruiken het denkproces van effectuation om verder te komen waar planning niet mogelijk is
  • 10.
  • 11. Design school • Planning school • Positioning school • Entrepreneurial school • Cognitive school • Learning school • Power school • Cultural school • Enviromental school • Configuration school
  • 12. risico onzekerheid hoe beginnen stel een doel kijk wat je kan basis voor actie moeten kunnen return, risk en verwachte affordable loss resources opbrengst concurrentie anderen? partnerships analyse het onverwachte voorkomen ombuigen de toekomst voorspellen effectueren
  • 13. Effectuation vs. causality CAUSAL vs. EFFECTUAL REASONING Managerial Thinking (Causal) Entrepreneurial Thinking (Effectual) Distinguishing Characteristic Distinguishing Characteristic Selecting between given means to achieve a pre-determined goal Imagining a possible new end using a given set of means IMAGINED M1 ENDS GIVEN MEANS M2 M1 M2 M3 GIVEN GOAL M3 M5 M4 M4 M5 GIVEN MEANS To the extent that To the extent that we can we can control the future, we do not predict the future, we can control it need to predict it
  • 14. Oefening • Bedenk een situatie waarbij je effectuerend handelde of causaal handelde. • Deel die situatie met elkaar • Wat waren belangrijke punten in die situatie?
  • 16. Opportunity = Idea + You
  • 17. Grue en Bleen CONTROL IN VENTURE ENVIRONMENTS HIGH Planning Market Power EMPHASIS ON PREDICTION PREDICTION MONOPOLY Planned Action Overlooked Action Adaptation Effectuation RISK UNCERTAINTY Inaction: Creative Action Learned Helplessness LOW LOW EMPHASIS ON CONTROL HIGH
  • 18. Case
  • 19. Terugkoppeling • Means? • Partnerships? • “Affordable loss”? • “contigency”?
  • 20. You are Nils Bergqvist: What will you do next? • Take an inventory of your available means. What do you have and what you can do based on what is available to help you build an ice hotel? • Take an inventory of your available means. What else can you do besides build an ice hotel? • How will you leverage partnerships to help you create an ice hotel (choose a specific example and plan out how you would approach the partner, and how would you structure the relationship)? • What would you be willing to lose (your “affordable loss”) in working to build an ice hotel? • How will you manage contingency (what are 5 possible unexpected events, and how can you use them to your advantage)? 2
  • 21. effectuation • 4 principes • non predictive control • “bird in hand” • “crazy quilt” • “lemonade” • 1 process
  • 22. Bird in hand ASSESSING OPPORTUNITY DOABILITY FEASIBILITY VALUE Is it doable? Technological feasibility Is it worth doing? MARKET Market feasibility Financial feasibility Economic feasibility Do I want to do it? Can I do it? What turns me on about it? PERSONAL What will it take to do it? Why do I want to do it? Whom else do I need? Exit strategies
  • 23.
  • 24. Huiswerk • lees “effectual entrepreneurship” • (hfst 3,5,9,10 (deze workshop)) • hfst 4,7,11,13,15 (volgende week) • lees case B • verzin een list: hoe krijgen je Absolut aan boord? maak een pitch van 5 min • hint: denk aan “Grue” • hint: wat kan absolut alleen met ICEHotel doen? hoe breng je dat aan hun verstand?

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