CHAPTER 2_ENTREPRENEURIAL MINDSET & OPPORTUNITY Flashcards
Mindset
a belief that qualities like intelligence and talent are fixed or changeable traits
Perceives that talents and abilities are set and consider it sufficient to become successful
Fixed Mindset
Believes that traits can be changed, developed and strengthened by working on them
Growth Mindset
CHARACTERISTIC OF AN ENTREPRENEURIAL MINDSET
- Curiosity
- Commitment
- Optimism
- Flexibility
- Ownership
- Leadership
- Connection
- Self-Respect
being curious leads to questions and may lead to answers
Curiosity
focus on the achieving the organizational goals
Commitment
entrepreneurs should be hopeful
Optimism
adjustment with unpredicted demands and continuous problems
Flexibility
have internal locus of control, trust that their success comes from their own ability
Ownership
guides, motivates and empowers his team
Leadership
creating a network
Connection
take care of body, mind and spirit
Self-Respect
ESSENTIALS OF THE ENTREPRENEURIAL MINDSET
- Passion First
- Everything is Possible
- 100% Accountable
- We are Connected
- Live Life to Give
- Attitude of Gratefulness
- The Time is Now
Look for what really are important to you, what you truly want
Passion First
believing that we are capable of accomplishing unexpected results
Everything is Possible
Not blaming others
100% Accountable
helping other people to achieve the goal of company
We Are Connected
give/share more
Live Life to Give
be thankful even for small things
Attitude of Gratefulness
take action right away than waiting
The Time is Now
Entrepreneurship as a HABIT
unconscious behavior done often and regularly
3 HABITS TO BE PRACTICED FOR ENTREPRENEURIAL MINDSET
- Self - Leadership Habit
- The Creativity Habit
- The Improvisation Habit
Self - Leadership Habit
Behavior- Focused
Natural Reward
Constructive Thought
Opportunity Recognition
the process by which individuals make use their entrepreneurial mindset in order to establish new business ideas
How to Start with Ideas
● analytical
● search
● imagination-based
● habit-breaking
● relationship-seeking
● development
● interpersonal
4 PATHWAYS FOR OPPORTUNITY IDENTIFICATION
- Find Pathway
- Search Pathway
- Effectuate Pathway
- Design Pathway
HOW TO BE EFFECTIVE IN OPPORTUNITY IDENTIFICATION
- Alertness
- Prior Knowledge
- Pattern Recognition
IDEATE METHOD
- Identity
- Discover
- Enhance
- Anticipate
- Target
- Evaluate
