Entrepreneurship Mindset

Uses own resources

Learning to see possibilities everywhere

Risk borne by the entrepreneur vs. risk taken by the company

<p>Creating a leading position in the market</p> Signup and view all the answers

<p>Environmental constraints, such as the political economy</p> Signup and view all the answers

<p>Forming the belief that the situation represents an opportunity for someone in general, and then forming the belief that the opportunity for someone is an opportunity for himself or herself personally.</p> Signup and view all the answers

<p>Creating a new enterprise and bearing any of its risks, with the view of making a profit</p> Signup and view all the answers

<p>Entrepreneurs think differently due to the uncertain environments in which they operate, requiring creative mental leaps to form opportunity beliefs.</p> Signup and view all the answers

<p>Going from knowledge about existing markets to a new technology that could lead to products or services that satisfy that market.</p> Signup and view all the answers

<p>Highly uncertain, with high stakes, immense time pressures, and considerable emotional investment.</p> Signup and view all the answers

<p>Creative mental leaps launched from a source of existing knowledge.</p> Signup and view all the answers

<p>By forming opportunity beliefs through creative mental leaps launched from a source of existing knowledge.</p> Signup and view all the answers

<p>The ability to take advantage of an opportunity depends on risk tolerance, and entrepreneurs who cannot afford the risk may make decisions that are too tepid to be successful.</p> Signup and view all the answers

<p>The ability to respond to the market and new business opportunities can be the difference between a successful entrepreneur and a failed business model.</p> Signup and view all the answers

<p>An entrepreneur must take possibilities and turn them into inspiring visions for others to marshal assets and sell their idea or product.</p> Signup and view all the answers

<p>By learning from mistakes and those of others to implement change, entrepreneurs can keep their businesses afloat.</p> Signup and view all the answers

<p>Calcifying rigidity can turn a start-up into dust.</p> Signup and view all the answers

<p>If the entrepreneur is not willing to take a risk on their idea, why should anyone else?</p> Signup and view all the answers