ENTR200 Lecture Notes - Lecture 12: Downside Risk, Visual Concepts
Document Summary
In-lecture actives mapping your means, 5 dollar challenge, opportunity walk stories and activities: 3 different concepts relate and compare, 15 mc, 35 sa. Key concepts: effectual principles + cycle, entrepreneurial myths video, any videos/articles in course outline + slide decks. Idea generations + creativity improvisation ted talk: mvp + workshop, live effectuation example guest speakers. Effectual entrepreneur is not going to find themselves in learned help nesses. When you focus means (competitive advantage), high impetus to act start right away and cheap. Inputs outside our control, but can predict it. Thinking effectually will move you to the right hand side of the matrices. Key to control, learning what is controllable and what isn"t. Ability to switch between casual and effectual thinking. Entrepreneurs see control is an opportunity to intervene and manipulate, versus opportunity to make a bet. Action is what enables entrepreneurs to exert control on things that would be otherwise impossible to predict.
