One of the seven key strategies of the entrepreneurial way involves effectuation or an approach used to create alternatives in uncertain environments.

Question

Quizplus · Accepted Answer

Effectuation is indeed one of the seven key strategies of the entrepreneurial way, as it involves using the resources at hand to create multiple possibilities and ultimately shape the future instead of predicting it. This approach is especially useful in situations where the future is uncertain, complex, or rapidly changing.

One of the Seven Key Strategies of the Entrepreneurial Way