2.1 Appraise the effectiveness of mindset in entrepreneurship.
2.2 Define “entrepreneurial mindset” and explain its importance to entrepreneurs.
2.3 Explain how to develop the habit of self-leadership.
2.4 Explain how to develop the habit of creativity.
2.5 Explain how to develop the habit of improvisation.
2.6 Relate the mindset for entrepreneurship to entrepreneurial action.
Proposed Activities
Activity 1: Mindset and Grit (10 pts)
In a fixed mindset, people perceive their talents and abilities as set traits. They believe that brains and talent alone are enough for success and go through life with the goal of looking smart all the time.
On the other hand, in a growth mindset, people believe that their abilities can be developed through dedication, effort, and hard work. Compare the growth mindset to Duckworth’s research on Grit. Why is grit an important quality for the entrepreneur?
Activity 2: Promote Growth Mindset (5pts)
Although many of us tend to exhibit one mindset or the other, it is important to recognize that mindsets can be changed.
Create list of 5 “events” you have experienced and write down the first thought you have about it. Then, identify if the mindset is growth or fixed. If fixed then rewrite to reflect a growth mindset.
Example:
Event: Failing a math final.
FIXED MINDSET: “If you fail, people will laugh at you.”
GROWTH MINDSET: “Give me the name of one successful person who never experienced failure at one time or another.”
