Tag Archives: effectuation

Entrepreneurship for all: the beautiful story of Madame Tao

Overwhelmed by stories of fundraising, pitches, startups, incubators and the frenzy of hackathons, we often forget that the vast majority of the entrepreneurial phenomenon is in fact fairly mundane and banal. Well banal, in a way. Let’s say that the heroism of some entrepreneurs is far from the kind we hear and read all the time in the media. Nothing illustrates this better than the story of Madame Tao, which seems to have come out of a fairy tale.

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Effectual leadership: How to (really) transform organizations by learning from entrepreneurs

In 1934, a visionary General De Gaulle explained how the massive use of tanks in time of war could give a decisive advantage. The tanks were known since the First World War, but they were only used as reinforcement of the infantry. De Gaulle proposed to revise this conception completely and place it at the center of the military effort. He was not listened to except by the German general Guderian who put this idea into practice successfully a few years later … against France.

The same is true for the transformation of organizations: the importance of integrating entrepreneurs has long been recognized and organizations have made efforts in this direction, but only in order to become more entrepreneurial. It is this conception that must be revisited: entrepreneurs should not just come to reinforce the existing management, but contribute to transform it by their principles of action. Let’s see how.

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Effectuation: How Entrepreneurs (Really) Think and Act

The entrepreneurial theory of effectuation was developed fifteen years ago, but it is only beginning to gain visibility outside academic circles. And it is all the better because it changes our way of seeing how entrepreneurs think and act in their creative process. Let’s review this in detail.
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My article on the Peter Drucker Forum blog: “The 5 principles on which we can create an entrepreneurial society”

I have just published an article on the Global Peter Drucker Forum‘s blog, at  which I will be a panel member, titled: “The 5 principles on which we can create an entrepreneurial society”. It can be accessed here.

The Forum’s program is available here.