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April 29, 2026International Journal of Entrepreneurial Behaviour & ResearchOpen Access

Critical events and the interplay between serendipity and effectuation in an unforeseen venture creation

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Authors

HRHelen ReijonenHHHannan Heroum

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Overview

Narrative research reveals the role of decision-making in serendipitous entrepreneurship among immigrant entrepreneurs, highlighting unexplored venture opportunities.

Key Points

  • This research investigates how critical events influence serendipitous processes and effectuation in venture creation.
  • Data from three narrative accounts by immigrant entrepreneurs in Finland.
  • Utilized narrative research to examine personal experiences and decision-making processes.
  • Combined critical event analysis with exploration of serendipity and effectuation.
  • Identified critical events as integral to serendipitous processes.
  • Demonstrated how effectuation guides decision-making towards unexpected venture outcomes.
  • Highlighted the interconnection of critical events, serendipity, and effectuation as essential for initiating unforeseen ventures.

Cite This Study

Reijonen et al. (2026) studied this question.

synapsesocial.com/papers/69f154a4879cb923c4944e47https://doi.org/10.1108/ijebr-12-2023-1242
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