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Transcript of Entrepreneurial Mindset
Inclusion of Cognitive & Social Psychology
further challenging to traditional approaches to entrepreneurship
"the internal lens through which you navigate life, with this lens influencing everything that you see and do" - Reed & Stoltz (2011)
"the view you adopt of both yourself and others and has a profound impact on your life and the decisions you make" - Molden & Dweck (2006)
"a specific state of mind which orientates human conduct towards entrepreneurial activities and outcomes" - Fayolle (2012)
personality as a dynamic organisation, within an individual, of psychophysical systems that determine one’s unique adjustments to the environment (Allport, 1937, p. 48)
"internal and external forces
have an influence on an individual’s behaviour"
implicit theories - Dweck & Legget (1988)
theory of planned behaviour - Ajzen (1985)
social cognitive theory - Bandura (1986)
need for achievement
alertness to opportunity
(Cunningham & Lischeron 1991)
causal reasoning vs effectual reasoning
focus on control rather than uncertainty
1. Why do some people become entrepreneurs?
2. Why do some people recognise opportunities more than others?
3. Why are some entrepreneurs more successful than others?
perceptions of risk
susceptibility to cognitive biases
signal detection theory
regulatory focus theory
entrepreneurial alertness schema
susceptability to cognitive biases
Grit: perseverance and passion for long-term goals
~ Duckworth (2007)
Rise in studies including ESE &
Develop a shared understanding of entrepreneurial mindset across 160 GEN member countries through a regular survey instrument
Develop a universal methodology to measure entrepreneurial mindset that can be replicated across 160 GEN member countries and entrepreneurial ecosystems
Use an evidence based approach to teach and develop entrepreneurial mindset