Entrepreneural Mindset

Entrepreneurial Mind-set

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Table of Contents

1.0. Entrepreneurial Mind-set …………………………………………………………..3

2.1. Introduction …………………………………………………………………..3

2.0. Paradox in Theory: Entrepreneurial Mind-set……………………………………3

3.0. Entrepreneurs’ Ability to Deal with Fundamental Paradoxes……………………4

4.2. Risk Taking …………………………………………………………………..4

4.3. Need for Urgency ……………………………………………………………4

4.4. Creativity …………………………………………………………………….5

4.5. Responsiveness ………………………………………………………………5

4.6. Flexibility ……………………………………………………………………6

4.7. Ambiguity…………………………….………………………………………6

4.0. Assessment of Entrepreneurial Mind-set: The 8 Paradoxes ………………....….6

5.8. Leadership ………………………………………………………………..….7

5.9. Creativity………………………………………………………………..……7

5.10. Achievement Motivation ……………………………………………………..8

5.11. Risk Taking……………………………………………………………………8

5.12. Initiatives Taking ………………………………………………………….….8

5.13. Analytical Ability………………………………………………………….…..9

5.14. Networking………………………………………………………………….…9

5.15. Persuasiveness………………………………………………………………...10

5.0. References…………………………………………………………………………….11

1.0. Entrepreneurial Mind-set

2.1. Introduction

As a result of high unemployment rate in the global arena, most of the young people are encouraged to develop entrepreneurial skills that can solve this problem. It is believed that the knowledge and skills possessed by the entrepreneurs can create opportunities for many individuals reducing the challenges experienced as a result of unemployment. The entrepreneurship begins by the individuals developing the right mind-set that work for the benefit of the society. As in leadership, the entrepreneurship is believed to be an innate trait that is possessed by few individuals. According to Senges (2007) the stakeholders in the academics, professional and policy makers across the globe have...