Identity and entrepreneurship
How is "identity" defined?
It is how a person perceives themselves and how they relate to different roles in their life.
What are age norms?
They are social expectations about what behaviors are appropriate for people of different age groups.
What is 1 benefit of taking entrepreneurship courses at a university?
Entrepreneurship courses at a university help students gain essential knowledge and skills, such as business planning, opportunity recognition, and risk management.
What are the positive points of an "older" entrepreneur?
What does "multi-identity" mean?
Having several identities at the same time, such as being a student, friend, employee, etc
How do age norms influence entrepreneurial intentions in older adults?
If age norms support entrepreneurship in older adults, they are more likely to want to start a business.
What are the 3 motivations for students to start their own business?
The desire for independence, financial gain and to have an impact/change over the community.
What are the negative points of an "older" entrepreneur?
What is the difference between "multi-identity" and "identity plurality"?
Multi-identity refers to the variety of identities a person has, while identity plurality is about how those identities are expressed and managed.
According to the Theory of Planned Behavior, what three factors influence entrepreneurial intentions?
Attitude, subjective norm, and perceived control.
What are the 3 key characteristics of student entrepreneurs?
Innovative mindset, risk tolerance & adaptability.
What is the average age of successful entrepreneurs?
45
What is "disintegration" in the identity formation process?
It occurs when a person’s identities (like being a student and an entrepreneur) conflict, causing tension and separation from the university environment.
What roles do friends and family play in an older adult’s entrepreneurial intentions?
Their support can positively influence confidence and the desire to become an entrepreneur.
What is the role of the university when it comes to student entrepreneurs?
Provides incubator programs, workshop & training and access to funding.
True or False:
"Different generations are motivated by the same values when it comes to entrepreneurship, with Millennials focusing mainly on financial stability and Baby Boomers seeking purpose-driven businesses."
False. Different generations are motivated by varying values; Millennials often look for purpose-driven businesses, while Baby Boomers tend to focus more on financial stability and legacy.
What is "identity risk" for a student-entrepreneur?
It’s the fear of failing in one of their roles (either as a student or entrepreneur), which can prevent them from fully committing to either.
What challenges do older adults face when starting a business due to age norms?
Older adults may face societal stereotypes, lack of access to networks or resources, and health-related concerns that make it harder to engage in entrepreneurship.
What are 3 challenges faced by student entrepreneurs?
Any of these:
How does experience influence decision-making?
Shapes judgment, good problem-solving skills, influence on leadership style.