Exploration of the Entrepreneurial Mindset

This presentation explores the entrepreneurial mindset, including its characteristics, types, role, and factors influencing it. It also delves into the past, current, and future aspects of entrepreneurship, social entrepreneurship, and its application in the UK education system. The presentation concludes with tips on how to lead with an entrepreneurial mindset.

Exploration of the
Entrepreneurial Mindset
Presented by:

Introduction
 Who is an entrepreneur?
 What is the main difference
between an entrepreneur and a
manager?

Entrepreneurial Characteristics
 An entrepreneur should be a Risk taker,
 Innovative
 Good problem solver
 Creative
 And generally have quality leadership traits (Boyles, 2012).

Types of Entrepreneurs
 Types of entrepreneurs include;
 Business entrepreneur
 Trading entrepreneur
 Industrial entrepreneur
 Corporate entrepreneur
 Agriculture entrepreneur
 Technology entrepreneur

The Role of the Entrepreneur
 Maintaining sustainability of services and products in the market.
 Creating economical pathway for more room in innovation and
development (Mauer, Neergaard, and Linstad, 2017).
 Creating workforce space and generally utilizing the available
resources and market gaps for more positive output.

Past, Current, and Future Aspects of
Entrepreneurship
 Entrepreneurship and Research.
 Entrepreneurship and
Innovation.
 Entrepreneurship and Corporate
Social Responsibility.

Social Entrepreneurship
 What role do entrepreneurs
have in the community?
 Why social entrepreneurship has
continued to gain acceptance in
the global market?

Factors Influencing Entrepreneurship
 Political Instability.
 Corruption.
 Financial Inclusion.
 Poor and Demotivating Cultural practices (Kleine and Yoder, 2011)..

Analysis of Entrepreneurial Background
Application in the UK Education System
 Entrepreneurial application in the education system in UK has
continued to increase where through its integration it can be able
solve most of the society issues (Fayolle, 2013).
 Despite this, still a significant part of the UK education system has
fully embraced entrepreneurship as a very important tool but
majorly approach it as just a business concept.

How to Lead with an Entrepreneurial
Mindset
 Ability to understand environmental factors influencing the
entrepreneurial ‘surrounding’ of the individual.
 Learning how to embrace different situation outcome (Hitt, Ireland,
Sirmon, and Trahms, 2011).
 Develop a community-oriented prospects.
 Evaluation of Personal and professional reputation.

Conclusion
 In summary, entrepreneurship model is very vital element in the
balance of global economy and community development (Kleine
and Yoder, 2011).
 Through this, it is very important that government should find
means of developing more strategies to enhance social
entrepreneurship in the aspect of community development.

Bibliography
 Boyles, T., 2012. 21st century knowledge, skills, and abilities and
entrepreneurial competencies: A model for undergraduate entrepreneurship
education. Journal of Entrepreneurship Education, 15, p.41.
 Fayolle, A., 2013. Personal views on the future of entrepreneurship
education. Entrepreneurship & Regional Development, 25(7-8), pp.692-
701.
 Haynie, J.M., Shepherd, D., Mosakowski, E. and Earley, P.C., 2010. A
situated metacognitive model of the entrepreneurial mindset. Journal of
business venturing, 25(2), pp.217-229.
 Hitt, M.A., Ireland, R.D., Sirmon, D.G. and Trahms, C.A., 2011. Strategic
entrepreneurship: creating value for individuals, organizations, and society.
Academy of management perspectives, 25(2), pp.57-75.

Continuation
 Kleine, R.E. and Yoder, J.D., 2011. Operationalizing and assessing the
entrepreneurial mindset: A rubric based approach. The Journal of Engineering
Entrepreneurship, 2(2), pp.57-86.
 Mauer, R., Neergaard, H. and Linstad, A.K., 2017. Self-efficacy: Conditioning
the entrepreneurial mindset. In Revisiting the Entrepreneurial Mind (pp. 293-
317). Springer, Cham.
 Neck, H.M. and Greene, P.G., 2011. Entrepreneurship education: known worlds
and new frontiers. Journal of Small Business Management, 49(1), pp.55-70.
 Shepherd, D.A., Patzelt, H. and Haynie, J.M., 2010. Entrepreneurial Spirals:
Deviation–Amplifying Loops of an Entrepreneurial Mindset and
Organizational Culture. Entrepreneurship theory and practice, 34(1), pp.59-82.