Contemporary Management Issues: Effectuation and Causation in Entrepreneurship

Contemporary
Management Issues

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY ..................................................................................................................................1
CONCLUSION................................................................................................................................5
References:.......................................................................................................................................6

INTRODUCTION
The term Entrepreneurship could be considered as the the trait by which the individual could
improve on the idealism and the creativeness that will facilitate a business organisation and its
activities. In order to meet with the trending things and the entrepreneurs will also be able to
offer products that satisfy the demands of the people(Grégoire and Cherchem, 2020). This report
analyses the effective research that will be helpful in analysing certain factors that are connected
to the company Sarasvathy. That also helps in the analysing of the new venture which will be
developed to be able to give support by the insights of the business.
MAIN BODY
The entrepreneurship could be the individuals journey to find the best and innovative opportunity
and involve it with the person's own skills and the creativity. The are different views of the
people and skills which help them to contribute to the internal factors of the businesses including
the arguments and the debates that are very much related to the entrepreneurship. The company
Sarasvathy could be using the basis of entrepreneurship to perfect their venture and provide the
structure that is key to the formulation of the business activities. The company can make the use
of the effectuation and the causation that will be helpful in the company becoming profitable or
even end up giving losses. The term causation is the fact that states the purpose when the
operations of the business activities are met and the drivers of those business activities are given
the preference and by the individual or the entrepreneur is also impacted. The other term that was
mentioned above was the effectuation which could be stated as the process which makes the
uniqueness in the services which could be the reason to give the comparison to the people(Guo,
2018). For the company Sarasvathy will be needing to be aware of the trends and the new
opportunities to be able to get all the benefits of accurately running the businesses. Causality
could be considered as a specific situation by which the entrepreneur puts more emphasis on
personal knowledge in order to make his or her work better. Whereas the effectuation is the
situation in which a company owner seizes the opportunities available in the current market that
they are targetting. Entry into force helps entrepreneurs gain business impact and adopt key
considerations to assess certain aspects that can be controlled and monitored in times of
uncertainty. This ensures that all business operations are carried out in the right way through
changes in ideas and degrees applied to the business, which is also a proactive approach.
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