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Bricolage
Entrepreneurs making do by applying combinations of the resources at hand to new and opportunities
Causal process
A process that starts with a desired solution and focuses on the means to generate that outcome
Cognitive adaptability
Describes the extent to which entrepreneurs are dynamic, flexible, self-regulating, and engaged in the process of generating multiple decision frameworks focused on sensing and processing changes in their environments and then acting on them
Comprehension questions
Questions designed to increase the entrepreneurs’ understanding of the nature of the environment
Connection tasks
Tasks designed to stimulate entrepreneurs to think about the current situation in terms of similarities and differences from situations previously faced and solved
Effectuation process
A process that starts with what one has and selects among possible outcomes
Entrepreneurial action
Action through the creation of new products/processes and/or the entry into new markets, which may occur through a newly created organization or within an established organization
Entrepreneurial intentions
The motivational factors that influence individuals to pursue entrepreneurial outcomes
Entrepreneurial mind-set
Involves the ability to rapidly sense, act, and mobilize, even under uncertain conditions
Entrepreneurial opportunities
Those situations in which new goods services and raw materials can be introduce and sold at greater than their cost of production
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