Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

E-Mind > (P) Lesson 2: The Entrepreneurial Mind-Set (transes/book-based) > Flashcards

(P) Lesson 2: The Entrepreneurial Mind-Set (transes/book-based) Flashcards

1
Q

It is the mental aspect of an entrepreneur; used to refer to the mental function, mental processes (thoughts) and the mental states.

A

Entrepreneurial Cognition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Cognition came from the Latin “cognoscere”, means?

A

“to know”, “to conceptualize”, or “to recognize”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Refers to a faculty for the processing of information, applying knowledge, and changing preferences.

A

Cognition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

This theory Introduces the idea of knowledge structures – mental models that are ordered to optimize personal effectiveness within given situations.

A

Social Cognition Theory

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

He/She defined Entrepreneurial Cognition as the knowledge structure people used in assessment, judgement or decisions involving opportunity evaluation, venture creation, and growth.

A

Researcher Ronald K. Mitchell (pati rin sila Lowell Busenitz, Theresa Lant, Patricia P. McDougall, Eric A. Morse, and J. Brock Smith but okay lang if si Ronald lang)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

It refers to the unique way entrepreneurs mentally process information that helps them identify and invent new services, and to assemble the necessary resources to start and grow a business.

A

Entrepreneurial Cognition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

It’s about understanding how entrepreneurs use simplifying mental modes to piece together previously unconnected information that helps them to identify and invent new products or services

A

Entrepreneurial Cognition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

This is the ability to be dynamic, flexible, and self-regulating in one’s cognition given dynamic and uncertain environments.

A

cognitive adaptability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

The awareness or analysis of one’s own
learning or thinking process.

A

metacognition bading

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Strategies that help the entrepreneur
examine their cognitive processes that have led to the to the decisions they made.

A

Metacognitive strategies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

T or F. The process responsible for ultimately selecting a response is a cognitive - the process responsible for ultimately selecting how the entrepreneur framing the task effectually and thus why and how the particular strategy was included in a set of alternative responses to the decision (is metacognition)

A

T

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Who presented an outline of the entrepreneurial organization that reveals characteristics as imagination, flexibility and willingness to accept risks?

A

Howard Stevenson & David Gumpert

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

He examined the literature and found a diversity of entrepreneurial characteristics.

A

Willam Gartner

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

T or F. John Hornaday examined various research sources and formulated a list of 30 characteristics often attributed to entrepreneurs.

A

F (42)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Imagine an entrepreneur who faces multiple setbacks and challenges while launching a new sustainable energy startup. Despite financial obstacles, technical difficulties, and market skepticism, the entrepreneur remains focused on their vision. They continuously adapt, learn from failures, and maintain an unwavering commitment to their mission.

What entrep characteristic is shown?

A

Determination and Perseverance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What entrep characteristic is shown?

Consider an entrepreneur who sets out to revolutionize the healthcare industry by developing an innovative telemedicine platform. They encounter fierce competition, regulatory hurdles, and technical complexities along the way. Despite these challenges, the entrepreneur remains relentlessly committed to their goal.

A

Drive to Achieve

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Entrepreneurs are constantly aware of
opportunities that exist in everyday life.

A

Opportunity Orientation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

They have a strong desire to know how well they are doing and how they might improve their performance.

A

Seeking feedback

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Entrepreneurs are not intimidated by difficult situations;

A

Persistent Problem Solving

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

They are extremely persistent but, they are realistic in recognizing what they can and cannot do and where they can get help to solve difficult but unavoidable tasks.

A

Persistent Problem Solving

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What trait is this:

They believe that their accomplishments and setbacks are within their own control and influence, and that they can affect the outcome of their actions.

A

Internal Locus of Control

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What trait does this show:

Successful entrepreneurs can deal with
various setbacks and changes that
constantly confront them.

A

Tolerance for Ambiguity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Can be defined as the degree to which an individual is comfortable with uncertainty, unpredictability, conflicting directions, and multiple demands.

A

Tolerance for Ambiguity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

They do everything possible to get the odds in their favor, and they often avoid taking unnecessary risks.

A

Calculated Rizz Taking

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Trait? New ventures often possess a collective creativity that emerges from the joint efforts of the founders and personnel, and produces unique goods and services.

A

Creativity and Innovativeness

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

T or F. Even though not all entrepreneurs have predetermined visions for their firms, the vision develops over time as the individual begins to realize what the firm is and what it can become.

A

T

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

a fundamental emotional
experience for entrepreneurs.

A

Passion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

The energy that enables
entrepreneurs to achieve peak
performance.

A

passion

29
Q

generated by failure can interfere with the learning process

A

emotions

30
Q

a negative emotional response to the loss of something important triggering behavioural, psychological, and physiological symptoms.

A

grief

31
Q

an alternate approach and is based on both distracting oneself from thinking about the failure event and being proactive toward secondary causes of stress

A

restoration orientation

32
Q

Who proposed the dual process model?

A

Dean A. Shepherd (researcher)

33
Q

Oscillating between a loss and a restoration orientation; combination of the 2 process

A

Dual Process Model

34
Q

Focuses on the loss to determine its origin that eventually leads to an emotional breakthrough.

A

loss orientation

35
Q

Type of risk: Risk of losing money, saving, and assets

A

Financial rizz

36
Q

Type of rizz: Started a business but you failed and got bankrupt. Your career and employees are at risk

A

Career rizz

37
Q

T or F. It is a career risk when you don’t have time for family and friends since you’re focused on your venture.

A

F (pamili and sosyal riz)

38
Q

T or F. Stress cannot be avoided when the goal in unachieved, you can only avoid stress until goal is achieved.

A

F (stress is still experienced until goal is achieved)

39
Q

viewed as function of
discrepancies between persons expectation, inability to meet demands, as well as discrepancies between the individual’s expectation and to one’s personality.

A

STRESS

40
Q

Who are the researchers that examined the relationship between exercise and attainment of personal and professional goals for entrepreneurs?

A

Goldsby, Kurotko and Bishop

41
Q

Their study (Goldsby, Kurotko and Bishop) examined that running is positively related to?

A. Sales volume
B. Extrinsic and Intrinsic Awards
C. All of the Above
D. None of the above

A

C

42
Q

Their study (Goldsby, Kurotko and Bishop) examined that weightlifting is positively related to?

A. Sales volume
B. Extrinsic and Intrinsic Awards
C. All of the Above
D. None of the above

A

B

43
Q

best antidote to immersion in business

A

GETTING AWAY FROM IT ALL (p. 39; self-renewal is a must)

44
Q

It is a dual-edged characteristic

A

distrust aww

45
Q

the same characteristic that entrepreneurs need for successful venture creation also contains a destructive side.

A

overbearing need for control

46
Q

T or F. An entrepreneur with an overriding desire for success works in structured situations only when they have created the structure on their terms.

A

F (overbearing need for control)

47
Q

T or F. An entrepreneur with an overbearing need for control has serious implications for networking in an entrepreneurial team, because entrepreneurs can visualize external control by others as a threat of subjection or infringement on their will.

A

T

48
Q

T or F. Distrust can result in their focusing on trivial things and cause them to lose sight of reality, distort reasoning and logic, and take destructive actions.

A

T

49
Q

At some point the individual becomes
more important than the venture itself

A. Distrust
B. Overriding Desire for Success
C. Overbearing need for control

A

Christ

50
Q

It provides the basic rules or parameter for conducting any activity in an “acceptable” manner

A

Ethics

51
Q

This act are those the person takes outside of his or her role as manager, yet they go against the firm. e.g. embezzlement, account cheating, etc.

A

nonrole acts

52
Q

it is the behavior of individuals who think they are acting in the best interest of the firm.

A

role distortion

53
Q

It is the behavior of individuals who assert their roles beyond what they should be, thinking (falsely) that they are helping the firm.

A

Role assertion

54
Q

Type of morally questionable acts:

  • Superficial performance appraisal
  • Failing to promote or hire the truly qualified
A

ROLE FAILURE (against the firm)

55
Q

Type of morally questionable acts:

  • Bribery
  • Price fixing
  • Manipulating Suppliers
A

Role distortion (for the firm)

56
Q

Type of morally questionable acts:

  • Not withdrawing unsafe products
  • Investing with unethical governments
A

role assertion

57
Q

T or F. Face-to-face interactions are becoming less frequent consumers are doubting the trustworthiness of businesses and services available online.

A

T

58
Q

T or F. E-commerce systems are not vulnerable to abuse false consumers and false consumer reviews to drive sales.

A

F

59
Q

a statement of ethical practices or guidelines to which an enterprise adheres to.

A

code of conduct

60
Q

T or F. When designing an ethical code of conduct in achieving an ethical venture, make it comprehensive and inclusive so that it covers as many ethical issues as possible and make it easy to implement.

A

T

60
Q

T or F. Establishing a strategy for ethical responsibility is an easy task for entrepreneurs.

A

F

61
Q

Kind of ethical responsibility: The entrepreneur is the key figure to set the tone in the organization.

A

ethical consciousness

62
Q

Kind of ethical responsibility: Refer to the
procedure s, position statement s (codes), and announce d ethical goals designed to avoid ambiguity. E.g. signing affidavits, reading codes of conduct.

A

ETHICAL PROCESS AND STRUCTURE

63
Q

Kind of ethical responsibility: Incorporate the venture’s ethical objectives with its economic objectives; Example have constant review of procedures and feedback in operations.

A

Institutionalization

64
Q

T or F. One of the rationalizations of entrepreneurship is believing that the activity is not really illegal or immoral.

A

T

65
Q

T or F. One of the rationalizations of entrepreneurship is believing that it is in the individual’s or the corporation’s best interest

A

T

66
Q

T or F. One of the rationalizations of entrepreneurship is believing that it will be found out

A

F (never)

67
Q
A

E-Mind (8 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions