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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
Q

Self-leadership needs the implementation of three important strategies:

A
  1. Behavior-focused
  2. Natural reward
  3. Constructive thought
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26
Q

This strategy concerns enhancing self-awareness to manage behaviour especially when dealing with essential but not so good task.

A

Behavior-focused

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27
Q

This is about making every task enjoyable by emphasizing the positive aspects of each task and its importance.

A

Natural reward

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28
Q

This means creating positive and productive means of thinking that are advantageous to the performance of entrepreneurs.

A

Constructive thoughts

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29
Q

Ways to accomplish behavior-focused strategy:

A
  1. Self-observation
  2. Self-goal setting
  3. Self-reward
  4. Self-punishment
  5. Self-curing
30
Q

This increases the consciousness of how, when and why entrepreneurs behave the way they do in some situation.

A

Self-observation

31
Q

This concern the process of planning goals on entrepreneurs.

A

Self-goal setting

32
Q

This is about paying oneself after accomplishing the set goals with either tangible or intangible rewards.

A

Self-reward

33
Q

This allowing entrepreneurs to evaluate their behaviour in order to reform the.

A

Self-punishment

34
Q

This is about making list and notes or writing motivation posters as reminders of the planned goals.

A

Self-curing

35
Q

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.

A

Creativity

36
Q

An in-depth observation of the entrepreneurial process indicates that creative thinking is the “ _____ “ of an entrepreneur for the formation fresh ideas.

A

Skill

37
Q

There are certain problems in the practice of creativity which are:

A
  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
Q

The unstructured way of creating something in the absence of planing.

A

Improvisation

39
Q

The common barrier of improvisation.

A

Self-doubt

40
Q

A means to generate profits by creating unique, innovative and desirable products or services which are not being found in the market yet.

A

Opportunity

41
Q

A social needs or provides benefits to the society

A

Social values

42
Q

How to start ideas:

A
  1. Analytical
  2. Search
  3. Imagination-based
  4. Habit breaking
  5. Relationship-seeking
  6. Development
  7. Interpersonal
43
Q

This is about breaking problem into details.

A

Analytical

44
Q

This involves linking personal experiences that are significant to the existing problem.

A

Search

45
Q

This is interrupting doubts or dropping restrictions to produced fantasies or make-believe situations.

A

Imagination-based

46
Q

Sometimes the human mind needs to depart from from usual patterns to stimulate creative insights.

A

Habit-breaking

47
Q

This is establishing a link between concepts that are not usually connected.

A

Relationship-seeking

48
Q

This employs the modification of existing concepts to make improved choices and new potential.

A

Development

49
Q

This need interaction with the group to generate ideas.

A

Interpersonal

50
Q

Four pathways to opportunity identifications:

A
  1. Fit
  2. Valuable
  3. Rare
  4. Expensive to copy
51
Q

Means the skill and knowledge of the entrepreneur match the current opportunity

A

Fit

52
Q

Considers the need of the market.

A

Valuable

53
Q

Considers the offer to be unique that it does not exist in the market.

A

Rare

54
Q

Is an entry barrier for the most entrepreneurs who wanted to start a busniness.

A

Expensive to copy

55
Q

Pathways towards the identification of opportunity:

A
  1. Find pathways
  2. Search pathways
  3. Effectuate pathway
  4. Design pathway
56
Q

This pathways assumes that opportunities exist independent of entrepreneurs and are waiting to be found.

A

Find pathways

57
Q

Used when entrepreneurs are not quite definite what type of business they want to jump in.

A

Search pathways

58
Q

Use the skill, knowledge and abilities to unearth an opportunity that suits him.

A

Effectuate pathway

59
Q

Most difficult yet most-valuable creating pathway.

A

Design pathway

60
Q

_________ in reality information is everywhere.

A

Alertness

61
Q

The information gathered from the combined life and work experiences.

A

Prior knowledge

62
Q

Refers to identifying relationship between seemingly associated things or occasions.

A

Pattern recognition

63
Q

An ideation process empirically proven to help budding entrepreneurs recognize problems, cultivate solutions, and choose creative entrepreneurial idea.

A

IDEATE Method

64
Q

The IDEATE Method follows the process of?

A
  1. Identify
  2. Discover
  3. Enhance
  4. Anticipate
  5. Target
  6. Evaluate
65
Q

Identifying the problems the customers are trying to solve, but still unsolved to the satisfactions of customers.

A

Identify

66
Q

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.

A

Discover

67
Q

Taking the ideas and expanding to new application or adding innovative twist.

A

Enhance

68
Q

Studying change and analyzing future scenarios as they are relate to social technological, and other global changes and trends.

A

Anticipate

69
Q

Defining and understanding a particular target market validating new ideas with early adopter.

A

Target

70
Q

Testing the solution and assessing the process.

A

Evaluate

ETEM (3 decks)

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