ENTP Chap 1
ENTP Chap 1
ENTP Chap 1
Entrepreneurial Thinking
Individuals mental processes of overcoming
ignorance to decide whether a signal represents an
opportunity for someone and/or reducing doubt as to
whether an opportunity for someone is also an
opportunity for them specifically, and/or processing
feedback from action steps taken.
Entrepreneurial Action
Refers to behavior in response to a judgmental
decision under uncertainty about a possible
opportunity for profit.
Entrepreneurial Process
The process of creating something new with value by
devoting the necessary time and effort, assuming the
accompanying financial, psychic and social risks and
Window of Opportunity
The time period available for creating a new venture.
Develop a Business Plan
The description of the future direction of the business
Determine and Obtain the Resources Required
Manage the Enterprise.
Effectuation
Causal process - A process that starts with a desired
outcome and focuses on the means to generate that
outcome.
Effectuation process A process that starts with what
one has and selects among possible outcomes.
Comprehension questions
Questions designed to increase entrepreneurs
understanding of the nature of the environment.
Connection tasks
Tasks designed to stimulate entrepreneurs understanding of the
nature of the environment.
Strategic tasks
Tasks designed to stimulate entrepreneurs to think about the
current situation in terms of similarities to and differences from
situations previously faced and solved.
Reflection tasks
Designed to stimulate entrepreneurs thinking about their
understanding and feelings as they progress through the process.
Mike Haynies Measure of Self Adaptive Cognition
Flexibility scale: 1-10
Goal Orientation
Metacognitive knowledge higher order thinking involving active
control over cognitive processes engaged in learning- planning,
monitoring etc
Metacognitive Experience learning from experience
Meta is beyond