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ETEM > Entrepreneurial Mindset And Opportuinity > Flashcards

Entrepreneurial Mindset And Opportuinity Flashcards

1
Q

A belief that qualities like intelligence and talent are fixed or changeable traits.

A

Mindset

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2
Q

The word mindset was coined by? _____ _____ in her book “ Mindset “.

A

Carol Dweck

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3
Q

People with a _____ _______ perceive that their talent and abilities are set.

A

Fixed mindset

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4
Q

For people with fixed mindset, success is based on luck or possibly from sort of?

A

Prejudicial advantage

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5
Q

People with ______ _______ trusts that traits can be changed, developed and strengthened by working on them

A

Growth mindset

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6
Q

Characteristics of an entrepreneurial mindset:

A
  1. Curiosity
  2. Commitment
  3. Optimism
  4. Flexibility
  5. Ownership
  6. Leadership
  7. Connection
  8. Self-respect
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7
Q

Being curious is really shared among successful entrepreneurs.

A

Curiosity

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8
Q

This is continuing to keep going or persist amidst problems.

A

Commitment

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9
Q

Tough attitude towards challenges makes up successful entrepreneurs.

A

Optimism

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10
Q

Entrepreneurship is a challenging field with its unpredicted demands and continuous problems.

A

Flexibility

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11
Q

Successful entrepreneurs always trust that their success comes from their own abiliity.

A

Ownership

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12
Q

A successful entrepreneur always guide, motivates and empowers his team.

A

Leadership

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13
Q

In the entrepreneurship creating a network is very important.

A

Connection

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14
Q

In business, it is also vital to take care the body, mind and spirit.

A

Self-respect

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15
Q

Essential of the entrepreneurial mindset:

A
  1. Passion first
  2. Everything is possible
  3. 100% accountable
  4. We are connected
  5. Live life to give
  6. Attitude of gratefulness
  7. The time is now
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16
Q

Real entrepreneurs look for what really are important to them what they truly wanted to do, and then bring together their business around those things.

A

Passion first

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17
Q

This mindset is about believing that entrepreneurs are capable of accomplishing unexpected results.

A

Everything is possible

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18
Q

In life it is easier to blame others especially when things become out of hand.

A

100% accountable

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19
Q

Entrepreneurs believe they can achieve their dreams not by being alone though the love to be independent.

A

We are connected

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20
Q

Most of the people now especially business people wanted to offer their time and resources for valuable cause.

A

Live life to give

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21
Q

Most people also focus much of their thoughts on what they do not possess.

A

Attitude of gratefulness

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22
Q

The attitude of entrepreneurs refer to recognizing that all their power exist in the moment.

A

The time is now

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23
Q

An unconscious behavior done ofter and regularly.

A

Habit

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24
Q

A process wherein the brain makes decision wether to store or repeat such behavior.

A

Habit loop

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25
Self-leadership needs the implementation of three important strategies:
1. Behavior-focused 2. Natural reward 3. Constructive thought
26
This strategy concerns enhancing self-awareness to manage behaviour especially when dealing with essential but not so good task.
Behavior-focused
27
This is about making every task enjoyable by emphasizing the positive aspects of each task and its importance.
Natural reward
28
This means creating positive and productive means of thinking that are advantageous to the performance of entrepreneurs.
Constructive thoughts
29
Ways to accomplish behavior-focused strategy:
1. Self-observation 2. Self-goal setting 3. Self-reward 4. Self-punishment 5. Self-curing
30
This increases the consciousness of how, when and why entrepreneurs behave the way they do in some situation.
Self-observation
31
This concern the process of planning goals on entrepreneurs.
Self-goal setting
32
This is about paying oneself after accomplishing the set goals with either tangible or intangible rewards.
Self-reward
33
This allowing entrepreneurs to evaluate their behaviour in order to reform the.
Self-punishment
34
This is about making list and notes or writing motivation posters as reminders of the planned goals.
Self-curing
35
The capacity of turning fresh ideas, insight, inventions, products or artistic of each objects that are considered to be unique, useful and value to others into reality.
Creativity
36
An in-depth observation of the entrepreneurial process indicates that creative thinking is the “ _____ “ of an entrepreneur for the formation fresh ideas.
Skill
37
There are certain problems in the practice of creativity which are:
1. Fear 2. No craving for disorder fantasy 3. Fondness for judging over making ideas 4. Distaste for nurtuing ideas 5. Perceived shortage of challenges 6. Failure to differentiate reality from
38
The unstructured way of creating something in the absence of planing.
Improvisation
39
The common barrier of improvisation.
Self-doubt
40
A means to generate profits by creating unique, innovative and desirable products or services which are not being found in the market yet.
Opportunity
41
A social needs or provides benefits to the society
Social values
42
How to start ideas:
1. Analytical 2. Search 3. Imagination-based 4. Habit breaking 5. Relationship-seeking 6. Development 7. Interpersonal
43
This is about breaking problem into details.
Analytical
44
This involves linking personal experiences that are significant to the existing problem.
Search
45
This is interrupting doubts or dropping restrictions to produced fantasies or make-believe situations.
Imagination-based
46
Sometimes the human mind needs to depart from from usual patterns to stimulate creative insights.
Habit-breaking
47
This is establishing a link between concepts that are not usually connected.
Relationship-seeking
48
This employs the modification of existing concepts to make improved choices and new potential.
Development
49
This need interaction with the group to generate ideas.
Interpersonal
50
Four pathways to opportunity identifications:
1. Fit 2. Valuable 3. Rare 4. Expensive to copy
51
Means the skill and knowledge of the entrepreneur match the current opportunity
Fit
52
Considers the need of the market.
Valuable
53
Considers the offer to be unique that it does not exist in the market.
Rare
54
Is an entry barrier for the most entrepreneurs who wanted to start a busniness.
Expensive to copy
55
Pathways towards the identification of opportunity:
1. Find pathways 2. Search pathways 3. Effectuate pathway 4. Design pathway
56
This pathways assumes that opportunities exist independent of entrepreneurs and are waiting to be found.
Find pathways
57
Used when entrepreneurs are not quite definite what type of business they want to jump in.
Search pathways
58
Use the skill, knowledge and abilities to unearth an opportunity that suits him.
Effectuate pathway
59
Most difficult yet most-valuable creating pathway.
Design pathway
60
_________ in reality information is everywhere.
Alertness
61
The information gathered from the combined life and work experiences.
Prior knowledge
62
Refers to identifying relationship between seemingly associated things or occasions.
Pattern recognition
63
An ideation process empirically proven to help budding entrepreneurs recognize problems, cultivate solutions, and choose creative entrepreneurial idea.
IDEATE Method
64
The IDEATE Method follows the process of?
1. Identify 2. Discover 3. Enhance 4. Anticipate 5. Target 6. Evaluate
65
Identifying the problems the customers are trying to solve, but still unsolved to the satisfactions of customers.
Identify
66
Actively searching for ideas in problem-rich environment where there is social and demographics change, political and regulatory change or change in the industry structure.
Discover
67
Taking the ideas and expanding to new application or adding innovative twist.
Enhance
68
Studying change and analyzing future scenarios as they are relate to social technological, and other global changes and trends.
Anticipate
69
Defining and understanding a particular target market validating new ideas with early adopter.
Target
70
Testing the solution and assessing the process.
Evaluate

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