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Weaving network theory into effectuation: A multi-level reconceptualization of effectual dynamics

Jon Kerr and Nicole Coviello

Journal of Business Venturing, 2020, vol. 35, issue 2

Abstract: This paper positions effectuation as a network-driving and network dependent phenomenon and suggests that understanding networks and network processes is essential to understanding the dynamics of effectuation. We argue that the implementation of effectuation is influenced by the nodal, relational, and structural characteristics of pre-existing and emerging networks, and by the processes through which these networks come about. We use these arguments to develop a multi-level, multi-theoretical reconceptualization of effectuation that provides for distributed agency and collective cognition of network members. We allow for the simultaneous and interactional use of effectual and causal logics, as well as the co-construction of knowledge, identity, and social capital within and across network levels. Our model also addresses changing uncertainty as opportunities develop, nuances of effectual interactions, and evolving market dynamics. Our propositions and reflections offer directions for further studies at the intersection of network and effectuation research.

Keywords: Effectuation; Network theory; Network process; Network dynamics; Effectual dynamics (search for similar items in EconPapers)
JEL-codes: M13 L14 L26 (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.jbusvent.2019.05.001

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Handle: RePEc:eee:jbvent:v:35:y:2020:i:2:s0883902617309527