Saras D. Sarasvathy

Saras D. Sarasvathy (born 1959) is an American entrepreneurship professor and recipient of the 2022 Global Award for Entrepreneurship Research. She is currently the Paul M. Hammaker Professor in Business Administration at the University of Virginia Darden School of Business and the Jamuna Raghavan Chair Professor in Entrepreneurship, Indian Institute of Management, Bangalore. She serves on the editorial boards or as associate editor of several academic journals She is best known for her conception of Effectuation, a theory of Entrepreneurial action based on the study of Expert Entrepreneurs. Her award-winning journal article - "Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency" is one of the most highly cited academic articles about entrepreneurship of all time.

Early life and education Early life Sarasvathy grew up in Mumbai. and received her BCom in statistics at the University of Bombay before embarking on a career of entrepreneurship. Her 5th business was destroyed by a flood leaving Sarasvathy without a company but motivated to more rigorously understand her chosen field of Entrepreneurship.

Academic career Sarasvathy's study of expert entrepreneurs and their thinking process began while she was at CMU and would continue through the rest of her career. She was an assistant professor at University of Washington from 1998 to 2002 and then was an assistant professor at University of Maryland from 2002 to 2004. Together the five principles of Effectuation place an emphasis on taking action over planning. In 2011 Professor Sarasvathy and Effectuation were the subject of the cover article of Inc. Magazine

Sarasvathy has published over 60 peer-reviewed articles in prestigious journals, such as Strategic Management Journal, The Academy of Management Review, Entrepreneurship Theory & Practice, Entrepreneurship and Regional Development, and the Journal of Business Venturing.

In 2020 Effectuation was the subject of a special issue of the Small Business Economic Journal.

In 2022 Sarasvathy received the Global Award for Entrepreneurship Research, and was also invited to give the 5th Herbert Simon Society lecture.

Selected Honors and awards

Global Award for Entrepreneurship Research, 2022 Doctor of Humane Letters, Chalmers University, 2022 Small Business Economics special issue about Effectuation, 2020 Foundational Paper Award from Academy of Management, 2017 Jubilee Professor of Entrepreneurship, Chalmers University, Gothenburg, Sweden, 2015 Doctor of Humane Letters, Babson College, 2013 Inc Magazine cover featured article, "How Great Entrepreneurs Think", 2011

Sarasvathy, S. D. 2008. Effectuation: Elements of Entrepreneurial Expertise. Edward Elgar, New Horizons in Entrepreneurship Series. (Nominated for the 2009 Terry Book Award,

Recently Published Journal Articles

Sarasvathy, S., & Botha, H. (2022). Bringing People to the Table in New Ventures: An Effectual Approach. Negotiation Journal, 38(1), 11–34. Sarasvathy, S. D. (2021). The Middle Class of Business: Endurance as a Dependent Variable in Entrepreneurship. Entrepreneurship Theory and Practice, 45(5), 1054–1082. Mauer, R., Nieschke, S., & Sarasvathy, S. D. (2021). Gestation in new technology ventures: Causal brakes and effectual pedals. Journal of Small Business Management, 1-36. Sarasvathy, S. D. (2022). An Effectual Analysis of Markets and States. Questioning the Entrepreneurial State, 37. Chowdhury, R., Sarasvathy, S. D., & Freeman, R. E. (2022). Toward a Theory of Marginalized Stakeholder-Centric Entrepreneurship. Business Ethics Quarterly, 1-34.

Source: Retrieved from Scopus