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The Entrepreneurial Mindset

In: Architecting Enterprise

Author

Listed:
  • Rajagopal

    (EGADE Business School)

Abstract

Most entrepreneurs exhibit mixed cognitive attribu tes of risk-averse and creative enthusiasm in building their enterprise. The discussion in this chapter argues that at the initial stage entrepreneurs face a resource crunch, and narrow the scope of idea transformation, returns on investment, and autocracy in the work culture of the organization. Entrepreneurs often encounter psychological barriers created by knowledge blocks and by differences in culture, language, education systems, and economic development levels. Even something as basic as accommodating the world’s various workweek schedules can put a strain on small business ventures. The discussion in the chapter also maps the mindset of entrepreneurs in managing the challenges and opportunities within and outside the enterprise, and addresses the new cognitive push for new ventures and global start-ups as a way to compete with bigger incumbents while using far fewer resources. Besides the cognitive attributes of entrepreneurs, this chapter also discusses issues on entrepreneurship development, entrepreneurial thought processes, and managing the learning curve.

Suggested Citation

  • Rajagopal, 2014. "The Entrepreneurial Mindset," Palgrave Macmillan Books, in: Architecting Enterprise, chapter 2, pages 31-57, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-36678-8_2
    DOI: 10.1057/9781137366788_2
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    Citations

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    Cited by:

    1. Rafał Kusa, 2016. "Measuring Entrepreneurial Orientation in the Social Context," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 117-129.
    2. Anna Dziadkiewicz & Wioleta Dryl & Tomasz Dryl & Joanna Nieżurawska & Lech Nieżurawski & Nelson Duarte & Vítor Santos & Carla Sofia Gonçalves Pereira & Tiago Fernandndo Ferreira Lopes, 2017. "Knowledge as a Determinant of the Knowledge Transfer between Poland and Portugal (the Ideation Phase)," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 44, pages 197-210.
    3. Juračak, Josip & Tica, Marko, 2016. "Graduate Students’ Opinions about Entrepreneurship as an Employment Opportunity," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 10(1), pages 1-8, March.
    4. Diego Matricano & Mario Sorrentino, 2021. "Does Love Money Affect Vocational Behavior? Empirical Evidence from Italian Entrepreneurs," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(7), pages 110-110, July.
    5. Marian Holienka & Jana Holienková & Peter Gál, 2015. "Entrepreneurial Characteristics of Students in Different Fields of Study: a View from Entrepreneurship Education Perspective," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 63(6), pages 1879-1889.
    6. Johanna Gast & Arndt Werner & Sascha Kraus, 2017. "Antecedents of the small firm effect: the role of knowledge spillover and blocked mobility for employee entrepreneurial intentions," International Entrepreneurship and Management Journal, Springer, vol. 13(1), pages 277-297, March.
    7. Ioan Cristian Mustața & Ioana Mustața, 2020. "Integration of Technology Enriched Games with Classical Teaching Instruments for the Development of Technical Communication Competencies," Journal of ICT, Design, Engineering and Technological Science, Juhriyansyah Dalle, vol. 4(1), pages 12-15.
    8. Singgih SANTOSO & Budi SUTEDJO DHARMA OETOMO, 2018. "Influence of Motivation and Self-Efficacy on Entrepreneurial Intention to Run a Business," Expert Journal of Marketing, Sprint Investify, vol. 6(1), pages 14-21.
    9. Rob Kim Marjerison & Rongjuan Chen & Yinan Lin, 2021. "The Nexus of Social Cause Interest and Entrepreneurial Mindset: Driving Socioeconomic Sustainability," Sustainability, MDPI, vol. 13(24), pages 1-19, December.
    10. Alexandra Ioana Pascu, 2016. "Play to Save the World – Triggering Social Change Through Games," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 2(1), pages 72-81, July.
    11. Pérez-Centeno, Victor, 2018. "Brain-driven entrepreneurship research: Expanded review and research agenda towards entrepreneurial enhancement," Working Papers 02/18, Institut für Mittelstandsforschung (IfM) Bonn.
    12. Ahram Lee & Eunju Jung, 2021. "The Mediating Role of Entrepreneurial Mindset between Intolerance of Uncertainty and Career Adaptability," Sustainability, MDPI, vol. 13(13), pages 1-15, June.
    13. Secundo, Giustina & Rippa, Pierluigi & Cerchione, Roberto, 2020. "Digital Academic Entrepreneurship: A structured literature review and avenue for a research agenda," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    14. Schroeter, Christiane & Higgins, Lindsey M., 2016. "Learn by Doing: A Case Study on Enhancing Students' Entrepreneurial Skills," Western Economics Forum, Western Agricultural Economics Association, vol. 15(1), pages 1-13.
    15. Beliaeva, T. & Laskovaia, A. & Shirokova, G., 2015. "Entrepreneurial learning and students' entrepreneurial intentions: A cross-cultural approach," Working Papers 6415, Graduate School of Management, St. Petersburg State University.
    16. Yamamoto, Satoshi & Kan, Viktoriya & Bartnik, Roman, 2018. "Going Abroad to Innovate? The Role of Entrepreneurial Orientation in Foreign Business Expansion for Japanese Small and Medium-Sized Manufacturers," CIS Discussion paper series 668, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    17. Rula Ali Al-Damen, 2021. "Business Incubator and Its Impact on Business Success: A Case Study of Jordan Enterprise Development Corporation (JEDCO)," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 11(1), pages 1-35, June.
    18. Hendrys Tobar-Muñoz & Juan G. Cárcamo & Henner Solarte & Christiam Ventes & Jorge H. Mesa, 2020. "Videogames and Innovation: Fostering Innovators’ Skills in Online-Learning Environments," Sustainability, MDPI, vol. 12(21), pages 1-28, November.
    19. Christiane Naumann, 2017. "Entrepreneurial Mindset: A Synthetic Literature Review," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 149-172.
    20. Foteini Grivokostopoulou & Konstantinos Kovas & Isidoros Perikos, 2019. "Examining the Impact of a Gamified Entrepreneurship Education Framework in Higher Education," Sustainability, MDPI, vol. 11(20), pages 1-17, October.

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