Effectuation – Taking Action Beats Planning The corporate mindset has its limits. If predicting and planning doesn’t work, entrepreneurial thinking and actions are required instead. But how do you awaken the entrepreneurial spirit in a company? By training the entrepreneurial mindset (effectuation) and building on the power of "entrepreneurial speedboats". Learnable Effectuation is the scientific term for the entrepreneurial mindset and the most significant discovery made in entrepreneurship research in the last 20 years. If you are familiar with the principles and the process, you can get started while others are still working on their plans. This is useful particularly for those topics where the corporate mindset hits a stumbling block due to a high degree of uncertainty: innovative pressure, digitalization, Industry 4.0, cultural change and permanent change, to name but a few examples. It starts with inspiration (keynote) and knowledge (training): anyone can learn how experienced entrepreneurs think. The “Self-Starters’ Marketplace” workshop sees committed employees and leaders transformed into designers: Participants identify entrepreneurial reasons for action in their spheres of influence and become “captains” of their entrepreneurial “speedboats”. On the very same day, they recruit the first members of their crew and start independent projects in parallel with their everyday work. To ensure that this happens in a targeted manner, the management team formulates the strategic ambition and guidelines beforehand. During learning and networking workshops with the captains and leaders, these “speedboats” are adapted, guidelines updated and entrepreneurial action systematically practiced in an effectuation sprint spanning a period of several weeks. While the captains train the entrepreneurial mindset, the leaders improve the conditions for the entrepreneurial spirit in the company. True Ambidexterity Ambidexterity is the ability to use both hands. Companies need two modes, particularly in uncertain and dynamic times: the corporate mindset for everything that is predictable, and the entrepreneurial mindset when breaking new ground. Even in established companies, this is neither intuitive nor natural. With effectuation, leaders and employees learn to switch to entrepreneurial mode in a situationally correct manner. Thus, skills in dealing with the VUCA world become part of the corporate culture. INSPIRATION We stimulate an entrepreneurial mindset in all target groups. SET-UP We define a suitable framework with contractors and the Management team. TRAINING The entrepreneurial approach we teach is backed up by scientific evidence. MARKETPLACE We help you devise “speedboats” from identified needs for action in our workshops in just one day. TOOLS We give you tools for everyday entrepreneurial action. SUPPORT We help you with networking, learning and anchoring in guided effectuation sprints. Contact Persons Michael Faschingbauer Partner Contact Michael Stefan Posch Partner Contact Stefan More Insights about this Topic Service Checking Out Agility Together, we find out what aspects of agility might be useful in your organization. Service Leadership Lab Be the best leader you can be. Insights The (more) Agile Organization How to manage organizations better in a complex world. Would you like to know more? Contact us
Service Checking Out Agility Together, we find out what aspects of agility might be useful in your organization.