ENTREPRENEURIAL MIND FINAL QUIZ

Refer to the various inputs that entrepreneurs use to start, grow, and sustain their businesses.

• SOCIAL RESOURCES

• HUMAN RESOURCES

• FINANCIAL RESOURCES

• ENTREPRENERIAL RESOURCES

Entrepreneurial thinking that simply means starting with what you have.

• PATCHWORK QUILT

• BIRD IN HAND

• LEMONADE

• PILOT ON THE PLANE

Principles of logical thinking that comes from formed partnership. Expert entrepreneurs build partnerships with self-selecting stakeholders. By obtaining pre-commitments from these key partners early on in the venture, experts reduce uncertainty and co-create the new market with its interested participants.

• PATCHWORK QUILT

• BIRD IN HAND

• LEMONADE

• PILOT ON THE PLANE

It is a combination of factors that play a role in the development of entrepreneurship.

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  _RESOURCES

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  _MIND

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  _ENVIRONMENT

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  _BEHAVIOR

The capital and funding that entrepreneurs need to start and grow their businesses.

• FINANCIAL RESOURCES

• HUMAN RESOURCES

• PHYSICAL RESOURCES

• SOCIAL RESOURCES

The talent and expertise of the people who work for the business, as well as the entrepreneur's own skills and knowledge.

• FINANCIAL RESOURCES

• HUMAN RESOURCES

• PHYSICAL RESOURCES

• SOCIAL RESOURCES

The networks and relationships that the entrepreneur has with other individuals and organizations.

• FINANCIAL RESOURCES

• HUMAN RESOURCES

• PHYSICAL RESOURCES

• SOCIAL RESOURCES

A logic of thinking that uniquely serves entrepreneurs in starting businesses and provides a way to control a future that is inherently unpredictable. The expert entrepreneur develops a specialized mental framework.

• PERFECTUATION

• DEFFECTUATION

• EFFECTUATION

• REFLECTUATION

Principles of logical thinking merely controlling rather than predicting

• PATCHWORK QUILT

• BIRD IN HAND

• LEMONADE

• PILOT ON THE PLANE

The physical assets that the business uses to operate, such as buildings, equipment, and technology.

• FINANCIAL RESOURCES

• HUMAN RESOURCES

• PHYSICAL RESOURCES

• SOCIAL RESOURCES