ENTR200 Lecture Notes - Lecture 2: Ambidexterity, Attribution Bias, Expected Return
Document Summary
Finds that you find a love for the problem versus your solution. Commitment to intellectually honest learning about the problem. Vision for possibilities that can lead to success. Effectual entrepreneurship: predictive thinking is where you want to use when we understand the environment with a clear goal and a vision for how the task will turn out, when many resources are available. Good at establishing a cause and effect relationship between variables. You can use the past as a reliable predictor for the future. Goal oriented, what you need to accomplish: effectual thinking: it isn"t about analyzing and then acting it is about acting and then analyzing. Helps us deal with environments that are faced with uncertainty. Successful in producing a desired or intended result, effective. Based on sara"s saravathy"s research in determining what makes entrepreneurs entrepreneurial. Focused on how they think and way.
