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How effectual will you be? Development and validation of a scale in higher education

Alicia Martin-Navarro, Jose Aurelio Medina-Garrido () and Felix Velicia-Martin

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Abstract: The literature on effectual theory offers validated scales to measure effectual or causal logic in entrepreneurs' decision-making. However, there are no adequate scales to assess in advance the effectual or causal propensity of people with an entrepreneurial intention before the creation of their companies. We aim to determine the validity and reliability of an instrument to measure that propensity by first analysing those works that provide recognised validated scales with which to measure the effectual or causal logic in people who have already started up companies. Then, considering these scales, we designed a scale to evaluate the effectual or causal propensity in people who had not yet started up companies using a sample of 230 final-year business administration students to verify its reliability and validity. The validated scale has theoretical implications for the literature on potential entrepreneurship and entrepreneurial intention and practical implications for promoters of entrepreneurship who need to orient the behaviour of entrepreneurs, entrepreneurs of established businesses who want to implement a specific strategic orientation, entrepreneurs who want to evaluate the effectual propensity of their potential partners and workers, and academic institutions interested in orienting the entrepreneurial potential of their students.

Date: 2023-12
New Economics Papers: this item is included in nep-ent, nep-inv and nep-sbm
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Published in International Journal of Management Education, 19(3), 100547 (2021)

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