Effectuation vs Causation
Causal logic picks means for a given goal; effectual logic grows goals from given means.
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Causal logic picks means for a given goal; effectual logic grows goals from given means.
Start from who you are, what you know, whom you know — not from an imagined goal.
Decide what you are willing to lose, not what you expect to make.
Build partnerships with whoever self-selects in, instead of running competitor analyses.
Treat surprises — including bad ones — as ingredients, not obstacles.
The future is made by what people do — control beats prediction.
Risk has computable odds; true uncertainty has none — and that is where entrepreneurs live.
Making do with whatever is at hand — creation from 'nothing'.
A venture is defined by everyone who commits real stakes to it.
Segment the market, target the winnable group, position in their minds.
Product, price, place, promotion — services add people, process, physical evidence.
Attention → Interest → Desire → Action, drawn as a narrowing funnel.
Escape red-ocean rivalry via value innovation — differentiate AND cut cost.
Small budgets win with creativity, surprise and unconventional channels.
Users become the medium; or you redirect attention someone else paid for.
Deliberately disorienting layouts make people forget their errand and linger.
One page for how the venture runs; one page for why customers 'hire' you.
Industry profit is divided among rivals, entrants, buyers, suppliers and substitutes.
Cost leadership, differentiation, or focus — do not get stuck in the middle.
Sustained advantage comes from valuable, rare, inimitable, non-substitutable resource bundles.
Giants are not beaten head-on; they are bypassed from markets they ignore.
Use the bigger opponent's weight and momentum to throw them.
Before PMF, marketing is waste; after PMF, growth pulls itself.
The more people use it, the more valuable it becomes for everyone.
Your best move depends on what you think they think you will do.
When you cannot inspect quality, the bargain that walks up to you is the one to trust least.
Strengths, weaknesses, opportunities, threats — whose invention nobody can prove.
An inspiring Objective plus measurable Key Results.
Teams learn fastest where risk-taking is safe — high standards AND high safety.
Companies that cannot outbid must out-mean: vision is compensation.
The higher the achievement, the deeper the depletion — an occupational phenomenon, not a disease.
Negotiating power is not eloquence; it is your best walk-away option.
Split a fuzzy choice into options, probabilities, outcomes and expected values.
Total absorption where time distorts — the optimal experience.
People react to gains and losses, not totals — and losses hurt roughly twice as much.
Same facts, different wording, opposite choices.
When uncertain, people copy other people — like counts ARE the product.
The less available, the more desired — proven with a jar of cookies.
How options are arranged decides what people choose — no coercion needed.
When belief collides with fact, something has to give.
Uncertain jackpots grip harder than certain small wins — the slot-machine principle.