Darden School Study Gives Good Advice For Encorepreneurs

16 Nov 2016 11:38 AM | Stan Maupin (Administrator)

According to a recent Inc Magazine article, Saras Sarasvathy, a professor at UVA's Darden School of Business has produced a study on what makes entrepreneurs entrepreneurial and we think it applies to encorepreneurs as well. 

Traditional business training in academics and in large corporations emphasizes the identification of a pre-determined goal and a given set of means, and seeks to identify the best method to achieve the given goal. An "outside the box" thinker might modify this approach by identifying alternative approaches.

Sarasvathy concludes that entrepreneurs don't start off with concrete goals. Instead, they are more inclined to start with an assessment of their means and resources and then allow their goal to emerge over time as circumstances and aspirations of the founders and the people they interact with change. 

According to her study, ..."effectual reasoning lives and breathes execution. Plans are made and unmade and revised and recast through action and interaction with others on a daily basis. Yet at any given moment, there is always a meaningful picture that keeps the team together, a compelling story that brings in more stakeholders and a continuing journey that maps out uncharted territories."

We think this is even more applicable to encorepreneurs looking at "what's next" in their careers.It is what we do every day.



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