DANCEST 805 Lecture Notes - Lecture 10: There Are Known Knowns, Neuroticism, Extraversion And Introversion
Document Summary
Activity involving the discovery, evaluation, and exploitation of opportunities to create something new (e. g. , new products or services, new markets, new production processes or raw materials, new ways of organizing economic activity) by mobilizing resources . Personality traits: dispositions to (re)act in a certain way across various situations. Influenced by genetics, environment, experiences: relate to temperament, broad personality factors, motives, attitudes and beliefs, have an effect on managers being entrepreneurial or not, conscientiousness, openness, neuroticism, agreeableness, extraversion. Locus of control: internal - the belief that reinforcements are contingent upon own behaviours, capacities or attributes. Knowledge: prior experience, other experience = other opportunities. Network: provide information on technological, social, demographic, political, change, support, interest, encouragement. Opportunities emerge from a complex pattern of changing conditions -changes in political, economic, societal, technological, conditions (pest). It is the process of guiding people toward the adoption of an idea, attitude, or action: psychological and social influence tactics certain communication styles and elements (see also leadership)
