CoursePack-Section2-MakingofAnEntrepreneur

CoursePack-Section2-MakingofAnEntrepreneur - TheMakingofan...

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The Making of an t Entrepreneur Course Pack – Section 2
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roject outline will be posted after class Project outline will be posted after class check out FirstClass. 2
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eve Jobs: Live before you die. Steve Jobs: Live before you die. 3
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efining the Entrepreneur Defining the Entrepreneur Defining “the entrepreneur” is very difficult The text uses words such as “aggressive,” “risk taking”, and even “deviant.” n entrepreneur is an individual who sees an opportunity that others an entrepreneur is an individual who sees an opportunity that others do not and marshals the resources to exploit it .” p.76 We settle on four “approaches” or schools of thought: Traits approach : focus on psychological characteristics; Environmental approach : background; Behavioral approach : management style; Contingency approach : sensing and exploiting opportunities. ee gure21 (p 76 [See Figure 2.1 (p. 76)] 4
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The Traits Approach This approach assumes that entrepreneurs n be defined by the fact that they possess can be defined by the fact that they possess certain psychological traits : 1. High Need for Achievement; g ; 2. Need for Independence and Autonomy; 3. Low Need for Conformity 4. Moderate Risk Taking Propensity; 5. Internal Locus of Control (Confident);
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CoursePack-Section2-MakingofAnEntrepreneur - TheMakingofan...

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