Utjecaj doživljene poduzetničke samoefikasnosti na sklonost primjene efektualne logike
The Influence of Experienced Entrepreneurial Self-Efficiency on the Tendency to Apply Effective Logic

Author(s): Marina Stanić, Ana Jakopec, Sara Delač Marković
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Uncertainty; Effectuation; Decision making; Experiment
Summary/Abstract: Effective logic is a way of thinking and making decisions characteristic of expert entrepreneurs who make decisions most often under conditions of high uncertainty. The tendency to apply effectual logic is related to the perception of control over a certain situation and its outcomes, while the perception of control is closely related to the experience of self-efficacy. The goal of the research is to test the assumption that an individual who believes in his abilities to perform a certain task (high level of self-efficacy), will have a stronger sense of control over events and will be more inclined to apply effectual logic in decision-making. The research included an experimental design, and the data were collected from a sample of students of the Faculty of Economics as representatives of the population of potential entrepreneurs. The research results show that the group of respondents with an induced higher perception of entrepreneurial self-efficacy is more inclined to apply effective logic when making decisions in hypothetical business situations compared to the group of participants with an induced low perception of entrepreneurial self-efficacy and the control group of respondents.

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