Entrepreneurial Mindset: Global Perspective

Globalization creates new opportunities and challenges.

The born-global approach involves first operating in the home market and then entering foreign markets.

Global business requires a local network of relationships to find customers, champions, and partners.

An entrepreneur does not need to assess their current global networks before pursuing global opportunities.

A minimum viable product/service is an offer that generates revenue but does not motivate customers to provide feedback.

It is not necessary to leverage the assets of established firms with global operations to gain access to foreign customers and networks.

A born-global approach is primarily focused on exporting products and services.

According to Business Dictionary, entrepreneurial mindset refers to a state of mind that adjusts human conduct towards entrepreneurial activities and outcomes.

According to McGrath & MacMillan, habitual entrepreneurs are different from ordinary business managers because they are passionate in seeking new opportunities.

Gartner (1989) emphasized that entrepreneurs are always born, not made.

Fayolle (2003) highlighted that the characteristics of entrepreneurship can be attained through knowledge, skills, and aptitude, indicating that entrepreneurs are made.

According to entrepreneur.com, one of the signs of having an entrepreneurial mindset is obsessing over cash flow.

According to entrepreneur.com, empowering yourself involves competing rather than collaborating.

Embracing imperfect moments is considered a necessary structure for empowerment according to the 8 steps to personal empowerment on entrepreneur.com.

Henry Sy is mentioned as an empowered personality in the Philippines.

John Gokongwei Jr. is not listed as an empowered personality in the Philippines.