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(3) Entrepreneurship > Lesson 1 > Flashcards

Lesson 1 Flashcards

1
Q

It is a pattern of thinking or behavior
of one or more individuals
or groups of individuals

A

MINDSET

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2
Q

a complex mental state
involving
your beliefs, feelings,
values, and
dispositions
to act in
certain
ways

A

ATTITUDE

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3
Q

Definition of MINDSET according to Meriam Webster Dictionary

A

a mental attitude or inclination

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4
Q

is a series of self-perceptions or beliefs people hold about
themselves. These determine behavior, outlook
and mental attitude

A

MINDSET

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5
Q

Example of MINDSET

A

believing you are either ‘intelligent’ or ‘unintelligent’

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6
Q

Two types of people’s mentality or mindset

A

Fixed Mentality or Fixed Mindset
Growth Mindset or Growth Mindset

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7
Q

sees individuals’ abilities as innate traits and sees failure as
a lack of basic skills needed.

A

FIXED MENTALITY/MINDSET

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8
Q

Inborn or natural;
In tagalog
“likas”

A

INNATE

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9
Q

sees themselves capable to gain any ability through hard
work and persistence

A

GROWTH MENTALITY/MINDSET

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10
Q

determination or perseverance;
In tagalog “pagpupursigi”

A

persistence

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11
Q

Example of Fixed and Growth Mindset

A

FIXED MINDSET:
• I’m either good at something or I’m not.
• I’m already a really good writer. I don’t need to get nay better.

GROTH MINDSET:
• I can improve my skills with effort and practice.
• There’s always room for improvement.

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12
Q

FAMOUS ENTREPRENEURS

A
  1. Soccoro C. Ramos
  2. Henry Sy, Sr.
  3. Tony Tan Caktiong
  4. Lucio Tan
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13
Q

Owner of SM

A

Henry Sy, Sr.

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14
Q

Owner of National Book Store, Inc.

A

Soccoro C. Ramos “Nanay Coring”

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15
Q

Chairman, Jollibee Foods Corp.

A

Tony Tan Caktiong

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16
Q

Owner or Philippine Airlines

A

Lucio Tan

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17
Q

“While I am not big with words, I am big and bold in my dreams and vision.”
Quote by?

A

Henry Sy, Sr.

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18
Q

“Work hard, very hard. There is no express elevator to success – you have to climb the stairs.”
Quote by?

A

Soccoro C. Ramos “Nanay Coring”

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19
Q

“If you dream big and put your dreams into action you will indefinitely make mistakes. But don’t be scared to make mistakes. Just be quick to recognize them and learn from them as fast as you can.”
Quote by?

A

Tony Tan Caktiong

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20
Q

“Entrepreneurs should never give up due to failure. Not just entrepreneurs, but people of whatever profession all of us should learn from our setbacks. We should never surrender to despair.”
Quote by?

A

Lucio Tan

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21
Q

Other businesses of Lucio Tan aside from the Philippine Airlines

A

Asia brewery, Tanduay, Fortune Tobacco, Allied Bank, etc.

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22
Q

He is a Professor of Psychology at Stanford University who identified two types of people’s mentality or mindset and reveals two primary sources of mindset forms.

A

Carol Dweck

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23
Q

two primary sources of mindset forms.

A

Praising
Labeling

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24
Q

Two types of Praising

A
  • personal praise/praising
  • process praise/praising
25
Q

praising someone’s talents or labeling them as
“smart,” promotes a fixed mindset

A

Personal praise

26
Q

emphasizes the effort a person puts in to
accomplish a task

A

Process praise

27
Q

“See, you are good at math. You got an A on your test.”
“Ang galing mong mag bake ng cake. Kaya pala daming umoorder.”

What type of praise are those examples?

A

Personal Praise

28
Q

“I’m impressed by how hard you studied for your math test.
“Sa nakikita kung proseso at ingredients na ginagamit mo sa pag bake
kaya masarap ang cake.”

What type of praise are those examples?

A

Process Praise

29
Q

It involves assigning people characteristics based on stereotypes or
associations with different groups.

A

LABELING

30
Q

Example of labeling

A

that girls are bad at
math or that boys are bad at reading

31
Q

HOW TO UNFIX A FIXED MINDSET

A

o Focus on the journey
o Incorporate “yet”
o Pay attention to your words and thoughts
o Take on challenges

32
Q

DECISION-MAKING MODES

A

PERCEPTION
INTUITION/INSIGHT

33
Q

a way of regarding, understanding,
or interpreting something

A

PERCEPTION

34
Q

a mental impression.

A

PERCEPTION

35
Q

is slow, rational, mindful,
thoughtful, and deliberate thinking.

A

perception

36
Q

*an ability to understand or know
something immediately based on your
feelings rather than facts.

A

INTUITION/INSIGHT

37
Q

*an immediate understanding about
something that you don’t need to know
the reason why you did it.

A

INTUITION/INSIGHT

38
Q

is the feeling before thinking, it is instantaneous, unconscious, automatic, and
emotional

A

Intuition

39
Q

a product of the evolutionary history of
decision-making
which
helps
to
create
expectations, connect inconsistencies and alert
a person to potential problems

A

INTUITION/INSIGHT

40
Q

is the least understood aspect of
managerial cognition

A

Intuition

41
Q

the innate ability for an entrepreneur to see,
sense, and take advantage of an opportunity

A

ENTREPRENEURIAL INTUITION

42
Q

Airplane Inventors

A

Wilbur & Norville Wright
(WRIGHT BROTHERS)

43
Q

They built and flew world’s first motoroperated airplane in 1903.

A

Wilbur & Norville Wright

44
Q

they set
out for Europe in this what year hoping to gain public
acceptance and sell airplanes?

A

1908

45
Q

The Wright brothers built and flew the world’s first motor operated airplane in what year?

A

1903

46
Q

Later the brothers found a wider public
acceptance in what country?

A

France

47
Q

The brother became huge celebrities in
Europe and began selling their airplanes in
what year?

A

1909

48
Q

they also persistently followed the
research of this person

A

Otto Lilienthal

49
Q

ENTREPRENEURS SKILLS/CHARACTERISTICS POSSESESS BY THE WRIGHT BROTHERS

A

o Fascination
o Interest
o Persistent

o Perseverance
o Hard work

(FIPPH)

50
Q

ENTREPRENEURS GROWTH MINDSET

A

o Risk taker
o Creativity
o Innovation

51
Q

a person who is willing to
do things that involve danger or risk in order to
achieve a goal

A

RISK TAKER

52
Q

the tendency to generate
or
recognize
ideas,
alternatives,
or
possibilities that may be useful
in
solving
problems, communicating
with
others,
and
entertaining ourselves and others

A

CREATIVITY

53
Q

is the ability to develop
new ideas and solutions
to problems

A

Entrepreneurial creativity

54
Q

a new method, idea, product, etc

A

INNOVATION

55
Q

is any new idea,
process, or product, or a change
to an existing product or process
that adds value to that existing
product or service

A

innovation

56
Q

He defined innovation as a process of creative
destruction –
the
process
of developing and introducing new
ways
of
doing
things
and
abandoned the old ones

A

SCHUMPETER

57
Q

(11) CHARACTERISTICS OF ENTREPRENEURIAL MINDSET

A
  1. Lifelong learning and openness to change;
    2.
    Engagement in a complex and uncertain world;
    3.
    Creative and innovative approaches to problem-solving;
    4.
    Belief and confidence in one’s own capacity and competency to be
    entrepreneurial;
    5.
    Desire, motivation and intention to practice entrepreneurship and
    behave entrepreneurially;
  2. Taking initiative and personal responsibility for actions;
  3. Pursuit of goal-attainment through personal mastery and value creation;
    8.
    Recognizing opportunities;
    9.
    Grit and perseverance in the face of challenges;
  4. Taking risks that lead to learning, growth, and values; and
  5. A belief in one’s ability to influence.
58
Q

a
person’s view of
his or
herself or of any of the
mental
or
physical
attributes
that
constitute the self

A

SELF-PERCEPTION

(3) Entrepreneurship (2 decks)

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