BIRDS IN HAND PRINICIPLE AND ITS IMPORTANCE FOR ENTREPRENUERS

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 BIRDS IN HAND PRINICIPLE AND ITS IMPORTANCE FOR ENTREPRENUERS

The Bird in Hand principle of Effectuation posits that effectual entrepreneurs start by looking at the resources at their disposal to determine the various futures (ventures) they can create, instead of having a pre-determined end in mind

We understand from the following principle is that how many resources are available to entrepreneurs to create value.  They look at three things who they are, what they know and whom do they know.  In simple it basically is to start with what you have. It is to get a clear idea of what means are available to you and how to use them to get the best incentive.



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