The Role Of The Entrepreneurial Logic In Export Performance. The Case Of Entrepreneurs In Transition Economies

Abstract

The aim of this thesis is to study the concept of effectuation in examining the entrepreneurial decisions made in a highly uncertain business environment of a transition economy, using the case of entrepreneurs in Uzbekistan. In the uncertain business environment of transition economies it is usually useless or simply impossible to make predictions, and hence classical prediction based business strategies are senseless for entrepreneurs performing in these economies. In the chapter 1, we examined theoretically the concept of uncertainty given in the Effectuation theory and the concept of uncertainty existent in the transition economies by building on Effectuation theory and Institutional theory. In the chapter 2, we proposed that there is no effect of the level of environmental uncertainty on the share of MSMEs in the countries and the results confirmed our hypotheses. In the chapter 3, we studied the the effect of effectuation on export performance by taking consideration of percieved environmental uncertainties and the entrepreneurial characteristics.