Entrepreneurship Theories The Coliseum
The Coliseum
Academic theories often contradict one another. Welcome to the Battle Arena, where we pit opposing frameworks against each other to help you decide which strategy fits your reality.
The Doer
"Control the future so you don't have to predict it."
Effectuation Theory+ Bricolage Theory
Post-Match Analysis
Use Planning when the market is stable and historical data exists. Use Effectuation (making do with what you have) when you are in a "Zero to One" scenario with high uncertainty.
The Disruptor
"Opportunities are CREATED by destroying the old."
Creative Destruction+ Disruptive Innovation
Post-Match Analysis
Are you building a radical new technology (Schumpeter) or are you fixing a price inefficiency in an existing market (Kirzner)?
Post-Match Analysis
If you give equity to early employees, you are betting on Stewardship. If you rely on strict contracts and KPIs, you are practicing Agency Theory.
Nurture (The Grind)
"Experience and learning create the founder."
Human Capital Theory+ Experiential Learning
Post-Match Analysis
Modern research suggests a mix, but Human Capital emphasizes that your education and past jobs (even failures) are your biggest assets.
Post-Match Analysis
Dark triad traits like Narcissism can actually help in early fundraising (confidence), while Empathy is crucial for long-term customer retention.
Post-Match Analysis
Strong ties (family) provide emotional support and early capital. Weak ties (acquaintances) provide new information and market access.
