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An Examination of the Balance between Risk Management as Causation and Bricolage as Effectuation within Irish SMEs in Foodservice Industry

dos Santos, Priscila Veronica (2020) An Examination of the Balance between Risk Management as Causation and Bricolage as Effectuation within Irish SMEs in Foodservice Industry. Masters thesis, Dublin, National College of Ireland.

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Abstract

The literature on the role of entrepreneurial effectuation and causation approaches has been growing increasingly (Kvitastein and Aarstad, 2019). The growing has occurred because a number of small and medium companies have been established over the years which drew the attention of researchers to them. Currently, the implementation of both approaches has a significant contribution for companies to adapt to the rapid changes in the market, where risks emerge during the undertaking process (Mero, Tarkiainen and Tobon, 2020). Therefore, companies are required to run their business carefully and strategically (Verbano and Venturini, 2013). For this matter, knowing strategies to handle and to reduce unpredictable events in order to run the businesses successfully is essential to company’s survival, mainly SMEs that are increasingly more susceptible to let the risk materialize (Verbano and Venturini, 2013) and tackle difficult challenges to establish a solid competitive presence (Tabeli, Tanbakouchian and Amiri, 2020).
In order to contribute to the literature on the entrepreneurial process, this thesis aims to explore the fundamental tension between effectuation and causation, present in most of the entrepreneurial process in SMEs. Therefore, it also explains how risk management is related to causation and bricolage to effectuation. Furthermore, it identifies that certain decisions are made based on the effects of the simultaneous use of both strategies during times of uncertainty. For this matter, this work developed a qualitative research of five case studies represented by small and medium enterprises that operate in the Irish foodservice industry. The respondents will be required to answer fifteen open ended questions, including information about the company’s techniques, entrepreneur’s profile, type of risks, and also questions based on causation and effectuation perspectives.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HB Economic Theory > Entrepreneurship
H Social Sciences > HD Industries. Land use. Labor > Specific Industries > Food Industry
H Social Sciences > HD Industries. Land use. Labor > Small Business Sector
Divisions: School of Business > Master of Science in Entrepreneurship
Depositing User: Dan English
Date Deposited: 16 Feb 2021 12:05
Last Modified: 16 Feb 2021 12:05
URI: http://norma.ncirl.ie/id/eprint/4777

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