DANCEST 805 Lecture Notes - Lecture 27: Social Environment, Individualism, Internal Control
Document Summary
The challenges of a psychological approach: from a psychological point of view differences in behaviour and performance in tasks have two sources of explanation: Investors could devise a selection instrument to identify success-type" entrepreneurs and limit their financial risk exposure: disappointing results of approach can be explained by the theoretical as well as methodological problems. Inability to solve the problems has led researchers to abandon traits approach. Problem 3: the static nature of traits: traits approach to entrepreneurial psychology has neglected the ties of behavioural actions to their particular contexts. Problem 5: causality: the fact that entrepreneurs exhibit certain characteristics does not necessarily mean that they had them from the very beginning, the characteristics might have developed as an outcome of being entrepreneurs rather than be the cause. Problem 6: cultural dependence: cultural dependence of dominant research findings, trait research is mainly based on us samples lacks predictive power for other cultures.
