LibGuides: MGT481: Module 1

Module 1 Required Resources

Textbook

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Entrepreneurship by Donald F. Kuratko
ISBN: 9780357899502

Publication Date: 2023-04-06

Explore Kuratko's 12th Edition of "ENTREPRENEURSHIP: THEORY, PROCESS, PRACTICE" for a practical, step-by-step approach to mastering the entrepreneurial mindset and successful processes, including trending topics like design innovation and bootstrapping. The accompanying MindTap™ Learning Suite offers hands-on activities to sharpen your entrepreneurial skills, guiding you to become a future industry leader.

Chapter 1 – Entrepreneurship: Evolutionary Development-Revolutionary Impact
This chapter is important because it examines the different schools of thought, processes, and frameworks surrounding entrepreneurship as it develops into a field of study. It is becoming a dynamic, developing discipline that is discussed as an element of an entrepreneurial mindset. Myths of entrepreneurs are covered. (Kuratko, 2024)

Chapter 2 – The Entrepreneurial Mindset in Individuals: Cognitions, the Dark Side, and Ethics
This chapter covers the individual entrepreneurial mindset with concepts of cognition and metacognition when viewing opportunities and making decisions. Several studies have been conducted to determine personal traits and qualities of successful entrepreneurs. This chapter focuses on these qualities. (Kuratko, 2024)

Chapter 3 – The Entrepreneurial Mindset in Organizations: Corporate Entrepreneurship
This is an interesting chapter that explores the process of profitably creating innovation in an organizational setting by applying entrepreneurship. Some companies are realizing valuable employees are leaving to start their own small businesses. Innovative companies are working to facilitate and develop ways of keeping the talent in-house. (Kuratko, 2024)

Chapter 4 – The Global Entrepreneurial Mindset: Social Entrepreneurship
This chapter explores the challenges entrepreneurs face when determining how to be a social entrepreneur. This has emerged in the 21st century as a major issue as obligations that small businesses have to society as well as large organizations. Social entrepreneurs seem to be change agents that create large-scale change and address root cause of social problems for systemic changes. (Kuratko, 2024)

Articles

The Role of Compassion in Shaping Social Entrepreneurs’ Prosocial Opportunity Recognition
Yitshiki, R., Kropp, F., & Honig, B. (2022) The Role of Compassion in Shaping Social Entrepreneurs’ Prosocial Opportunity Recognition. Journal of Business Ethics. Vol. 179. (2). Pages 617-647. DOI: 10.1007/s10551-021-04860-x https://web.p.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=39&sid=b05402ca-276d-4190-9b76-f2c46a4be930%40redis

This study examines the underlying processes of different types of compassion that lead to prosocial OR interventions designed to solve or ameliorate social problems. Self-compassion is associated with intimate personal experiences of suffering and encompasses a desire to alleviate the distress of others based on common humanity, mental distance and mindfulness.
Programs of Experimentation of Pivoting for (Overconfident) Entrepreneurs)
Chen, J.S., Elfenbein, D.W., Posen, H.E., & Wang, M.Z., (2024) Programs of Experimentation of Pivoting for (Overconfident) Entrepreneurs). Academy of Management Review. Vol. 49. (1). pages 80-106. DOI 10.5465/amr.2020.0521
https://web.p.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=31&sid=b05402ca-276d-4190-9b76-f2c46a4be930%40redis

How much should an entrepreneur experiment and when should they pivot? Do the answers to these questions change if the entrepreneur is subject to behavioral biases, such as overconfidence? In this paper, we develop a conceptual logic to address these questions. We focus on the design of a "program of experimentation," which we define as a sequentially interdependent set of experiments and pivot decisions an entrepreneur undertakes to develop a viable business idea.

Videos

MotivationHub. (2022) Entrepreneur Mindset – Best Motivational Video for Self-Made Success. [Video]. YouTube. https://www.youtube.com/watch?v=zNZzyVD0LzY

ProjectManager. (Apr. 9, 2018). Cultivate Entrepreneurial Mindset. ProjectManager.com. https://www.projectmanager.com/training/cultivate-entrepreneurial-mindset