Saras Sarasvathy receiving an award in 2022


Effectuation - Awards


Major Awards

Professor Saras D. Sarasvathy is the recipient of many awards for her contributions to research, teaching and the practice of entrepreneurship. Some of her most notable accolades include:

2023  The Schumpeter Lecturer at the SME Assembly, the most significant event for small and medium-sized enterprises (SMEs) in Europe. An invitation from the European Commission to deliver the prestigious Schumpeter “Innovation in Enterprise” Lecture is an honor bestowed on leading figures in the field of entrepreneurship.

2022  The Global Award for Entrepreneurship Research, the highest recognition for research in the field of entrepreneurship awarded by the Swedish Entrepreneurship Forum and the Research Institute of Industrial Economics.  


Honorary Doctorates and Other Honors

2022  Honorary Doctor, Chalmers University of Technology, Sweden

2022  5th Herbert Simon Society Honorary Lecturer (The other four were Joseph Stiglitz, Gerd Gigerenzer, Ralph Hertwig and Hersh Shefrin.)

2020  Small Business Economics devoted a special issue (Volume 54, Issue 3) to effectuation: Effectuation and entrepreneurship theory: How effectuation relates to other concepts, models, and theories within entrepreneurship

2019  Legacy Award from the Global Consortium of Entrepreneurship Centers (GCEC).

2017  Academy of Management’s Foundational Paper Award, for “Causation and Effectuation: Toward a Theoretical Shift from Economic Inevitability to Entrepreneurial Contingency” (2001) published in the Academy of Management Review.

2015  Mead-Colley Faculty Award from the University of Virginia for teaching excellence.

2013  Honorary Doctor of Humane Letters, Babson College

2007  Named one of the top 18 professors in the field of entrepreneurship by the former Fortune Small Business magazine.