Chapter 2 Flashcards
Characteristics of an entrepreneurial mindset
- Curiosity
- Commitment
- Optimism
- Flexibility
- Ownership
- Leadership
- Connection
- Self-respect
The Self-leadership habit
- -Focused
- Natural reward
- Constructive thought
Entrepreneurship as habit
- The Self-leadership habit
- The creativity habit
- Improvisation habit
Four Pathways to Opportunity Identification
- Find pathway
- Search pathway
- Effectuate pathway
- Design pathway
Refers to the ability to easily pinpoint opportunities in the environment
Alertness
Is the information gathered from the combined life and work experiences.
Prior knowledge
Refers to identifying relationships between seemingly isolated things or occasions.
Pattern recognition
Is a belief that qualities like intelligence and talent are fixed or changeable traits.
Mindset
Is the practice of purposely influencing and controlling ones behavior, actions, thinking and feeling.
Self-leadership
Is the capacity of turning fresh ideas, insights, inventions, products or artistic objects that are considered to be unique, useful and of value to others into reality.
Creativity
Is the unstructured way of creating something in the absence of planning.
Improvisation
Is a means to generate profits by creating unique, innovative and desirable products or services which are not being found in the market yet.
Opportunity
This pathway assumes that opportunities exist independent of entrepreneurs and are waiting to be found.
Find pathway
This is used when entrepreneurs are not quite definite what type of business they want to jump in.
Search pathway
This pathway that uses the entrepreneurs skills, knowledge and abilities to unearth an opportunity that suits him.
Effectuate pathway
