The strategic entrepreneurial thinking imperative

Dhliwayo, Shepherd; Vuuren, Jurie Jansen Van

doi:10.4102/ac.v7i1.20

Cited by 35 publications

(32 citation statements)

References 23 publications

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“…List "C" then consisted of 8 only articles. When reviewing these 8 papers, it emerged that the conceptualisation of EM seemed to have a cognitive-based perspective Mathisen & Arnulf, 2013;McGrath & MacMillan, 2000;McMullen & Kier, 2016;Shepherd, Patzelt, & Haynie, 2010), although some authors linked this cognitive view also to personal traits (Ashourizadeh, Chavoushi, & Schøtt, 2014;Davis, Hall, & Mayer, 2015;Dhliwayo & Van Vuuren, 2007;Ngek, 2012). However, no common overall understanding of the EM concept emerged across the initial articles and no overview of its attributes and associated qualities was given.…”

Section: Methodsmentioning

confidence: 99%

Entrepreneurial Mindset: A Synthetic Literature Review

Naumann

2017

EBER

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A B S T R A C T Objective:The objective of this paper is to provide an overview of the state-of-theart in research on entrepreneurial mindset (EM). The paper identifies research areas which have contributed to the current status of the EM concept, outlines areas which remain under-addressed and suggests areas for future research. Research Design & Methods:A comprehensive method of a synthetic literature review was employed. In a four-step process, relevant papers were identified and classified. Research methods and sampling were analysed and put into a perspective of the EM concept development. Based on that, recommendations for future research are presented. Findings: No commonly shared EM concept was found. Instead, scholars have contributed largely by depicting particular attributes of EM. These attributes can be divided into core attributes of EM and meta-cognitive attributes of EM. While core attributes are easier to recognize and exhibited through behaviour, meta-cognitive attributes are more hidden within an individual. Mainly the Anglo-American perspective influences the research on EM. The dominating research design methods remain quantitative. Only one longitudinal and one qualitative study using in-depth interviews were identified in the pool. Links to other research areas are provided. Implications & Recommendations:The EM concept might be investigated further with the inclusion of more other cultures or with people from other cultural backgrounds to test the validity of the existing assumptions. Contribution & Value Added: This literature review contributes to the current body of knowledge by giving an overview of the EM concept and its attributes and associated qualities. It identifies current gaps in research and provides recommendations on how to close them.

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Section: Methodsmentioning

confidence: 99%

Entrepreneurial Mindset: A Synthetic Literature Review

Naumann

2017

EBER

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“…This creates a problem, since one has to agree on a standard definition of what an entrepreneur is before one can truly conduct any entrepreneurial studies. Even though it is not a clear definition, Dhliwayo and Van Vuuren [12] make the following statement about the entrepreneurial mindset: "It denotes a way of thinking and action about business and its opportunities that captures the benefits of uncertainty". Entrepreneurship is sometimes seen as a form of creativity as "new businesses are original and useful" [13].…”

Section: Entrepreneursmentioning

confidence: 99%

Creating an ICT Skills Enhancement Environment for Entrepreneurs

Steyn

Villiers

Twinomurinzi

2018

This Changes Everything – ICT and Climate Change: What Can We Do?

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Entrepreneurship is seen as a primary tool in the fight against unemployment, poverty and social inequality. Although various entrepreneurial training models exist, many of these have not considered the influence of current information and communication technology (ICT), even though ICT is a contemporary tool that entrepreneurs can leverage to increase the likelihood of a successful and sustainable business. This study therefore considered one entrepreneurship model that has been successful in entrepreneurial training in South Africa, the "content model for entrepreneurship education" (E/P), and investigated how ICT could be incorporated into this. The findings of 33 participants, who had been trained using the E/P model, suggest that, while many are familiar with most of the proposed ICT software programs, they do not necessarily incorporate them in practice. Linking ICT to the business skills section of entrepreneurial training seems to be an appropriate way of making the training practically feasible for participants. However, most of the participants highlighted the need for further guidance through a mentorship programme, for example. Guidance can also take the form of graduate programmes or learnerships. The results of the study clearly show how ICT can be linked to entrepreneurial training interventions, as well as the practical aspects of such a course. They also show that entrepreneurial interventions with high-tech equipment should perhaps not be overlooked, and that the basics first should be mastered.

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“…Again, he said, whereas strategists strive to attain cherished values, they face a world of uncertainty and difficult trade-offs where success is rarely total.According to few authors [9] [21] [23] [24] strategic thinking is defined as the way of solving problems that combines the rational and convergent approaches with creative and divergent processes and is intertwined with ongoing action processes. [25] argue that strategic thinking is just like the entrepreneurial thinking, which is the mindset that encapsulates thinking, state of mind and way of behavior. According to them, strategic thinking is usually associated with the competitiveness of the organization, while entrepreneurial thinking is associated with innovation and creativity to capture opportunities.…”

Section: Literature Reviewmentioning

confidence: 99%

“…According to Bouchard [26], entrepreneurship is exposed to the liabilities of the new and to failure because the entrepreneurial process is complex and uncertain, thus, the entrepreneur need strategic thinking. Since the entrepreneurial thinking and strategic thinking is very close related, Dhliwayo and Van Vuuren [25] provide that an entrepreneurial mind-set denotes a way of thinking and action about business and its opportunities that captures the benefits of uncertainty. Therefore, entrepreneurs should implement strategic thinking especially to capture better market attention.…”

Section: Dhliwayo and Van Vuurenmentioning

confidence: 99%

A Comparative Study on the Level of Strategic Thinking among Ethnic Entrepreneurs in Sabah

Hassan¹,

Wafa²,

Noor³

2016

KCAJBMR

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The success of entrepreneurs depends strongly on the ability of entrepreneurs to strategize their business against other competitors. This research compares the strategic thinking capabilities between the Bajaus, Bugis and Dusuns in Sabah, Malaysia. Pisapia's measure for strategic thinking was used in this study to measure the strategic thinking levels among the Bajaus, Dusun, and Bugis entrepreneurs in Malaysia. A total of 92 Bajau, 41 Dusun and 64 Bugis entrepreneurs' usable data managed to be collected by this study through convenience sampling. An interesting finding for this study is that the systematic thinking means of all the three groups of entrepreneurs are all on the low side with means of slightly above 2. One significant difference was found on reflective thinking between the Bajaus and the Dusuns with the Bajaus having the significantly lower scores. The results found in this study regarding strategic thinking can help the government plan training programs in entrepreneurship in Malaysia which can help bumiputera entrepreneurs especially those in Sabah close the gap with their Chinese counterparts and in the end increase the competitive advantage of all entrepreneurs in Malaysia.

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The strategic entrepreneurial thinking imperative

Cited by 35 publications

References 23 publications

Entrepreneurial Mindset: A Synthetic Literature Review

Entrepreneurial Mindset: A Synthetic Literature Review

Creating an ICT Skills Enhancement Environment for Entrepreneurs

A Comparative Study on the Level of Strategic Thinking among Ethnic Entrepreneurs in Sabah

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