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Effectuation and causation
Nov17

Effectuation and causation

I already used several times in this blog the words “effectuation” and “causation”. Those processes are becoming increasingly important in entrepreneurship research and in particular in the attempt to understand how companies in general, and SME’s in particular, innovate. To sum-up the idea behind causation, let’s say that the goal is set first and the means to achieve this goal defined afterwards. At the opposite, effectuation...

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Solvay and the intrapreneurship
Nov08

Solvay and the intrapreneurship

The research on entrepreneurship is still looking for a reason to be and sometimes is merely understood as the study of innovation. The major epistemological contribution of this field of research is focused on the study of the phenomena around (1) the recognition of opportunities, (2) their evaluation and (3) their exploitation. Opportunities are often defined as innovations which, minor or major, tend to fill in a gap in the market....

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Waka, an energy drink and a great entrepreneurial adventure
Oct25

Waka, an energy drink and a great entrepreneurial adventure

After I discovered the vitality of the energy drink brand, Jean-Christophe and Christopher made me know Waka, a coffee-based drink which is positioned differently from traditional players. Waka was created by a firm specialized in coffee-roasting established in the northern France (Cafés Didier Boulet). What amazed me in this product was the innovation process which led to the creation of the drink. As its name suggest, the firm is...

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Interview with Marc Alagem, CEO of Freedelity
Oct11

Interview with Marc Alagem, CEO of Freedelity

Freedelity is a company established in Brussels and which got pretty much press coverage this summer. Freedelity launched a service based on the electronic ID card used in Belgium; namely, Freedelity proposes to use the ID card as a loyalty card. Advantages are obvious: no need to loose time filling in a questionnaire, the data being automatically retrieved from the chip on the ID card no need to have a loyalty card for the shops...

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Why sme’s go bankrupt
Sep29

Why sme’s go bankrupt

Why SME’s go bankrupt is a topic that fosters a lot of myths. I attended last week a workgroup at the University of Liege (Belgium) organized by entrepreneurship researchers from Aachen, Maastricht, Eindhoven, Hasselt (B) and Liege (B). Bankruptcies were discussed based on real, tangible data. The discussions were for some of them pretty technical and academic by nature but one of them deserves to be know from a larger audience....

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