Entrepreneurial Characteristics
Which company did Sara Blakely start with her life-savings?
SPANX
Is an entrepreneur likely to take an opportunity or hesitate and avoid the risk?
TAKE THE OPPORTUNITY
What cognitive processes of creativity are visible in the Patagonia example given earlier?
Combining concepts and/or Play and interaction
How many steps is there in the problem-based learning approach?
7
Name one critic of the 5 classics entrepreneurial characteristics?
Need for achievement, over-optimism, risk taking prospensity, desire for autonomy, locus of control
There is not a lot of data regarding the prediction of future sales of a product. Some people recommend not taking the product to the market. What would an entrepreneur do? (Law of small numbers)
Take the risk and take it out to the market even thought there is a not a lot of data that supports the idea.
What are the possible positive outcomes of entrepreneurial creativity?
economic and/or environmental, and/or social
What are some upsides to problem-based learning?
Critical thinking, group work, innovative approaches, owning your learning
Define Locus of control
a person's perception of whether achieving outcomes or goal, was under their own control
Unrealistic optimism, reasoning by analogy and over confidence can lead to...?
distrust of others and mistakes
When you are able to find unexpected similarities within 2 cases that can be used to apply to your new case, you are applying which cognitive process of creativity?
Analogical reasoning
Name two downsides to problem-based learning.
Lack of participation and extra work on behalf of the tutor
What does Conscienciousnness refers to in the Five Factor Model ?
reliable, hard working, conformist
What are some of the factors that make entrepreneurs be risk takers?
over confidence, unrealistic optimism.
When you are little, you start building perceptions based on interactions with others, and these develop through the time. What type of cognitive process of creativity is this?
play and interact process
In Albinsson’s opinion, what would the Swedish musicians have benefitted from?
Learning about preparing for entrepreneurship during formal education
What is the overall critic of the Five factor model ?
Does not look at complex relationship between individuals and the societies they live in
Your sales have been dropping for the last two months. You had the same problem three years ago and therefore you decide to take the same approach to solve the problem that worked back then. What are you doing?
Reasoning by analogy
To survive in a competitive and creative environment what type of thinking approach can entrepreneurs take?
lateral thinking and/or thinking out of the box
Jason Cope dynamic learning perspective presents two aspects that you should acquire before heading into an entrepreneurial venture. What are these?
Outward and Forward