Asked by Simon Kozloff on May 26, 2024
Verified
Write a short note on the attitudes and personal interests of entrepreneurs.
Attitudes
Mental and emotional entities that denote an individual's degree of like or dislike for an item.
Personal Interests
Individual hobbies, passions, and activities outside one’s professional life that provide personal satisfaction and joy.
Entrepreneurs
Individuals who create, launch, and manage new businesses, often taking on significant financial risks in the hope of profit.
- Understand the attitudes and personal interests that motivate entrepreneurs.
Verified Answer
• Internal locus of control: Entrepreneurs believe that they are in control of their own destiny; they are self-directing and like autonomy.
• High energy level: Entrepreneurs are persistent, hardworking, and willing to exert extraordinary efforts to succeed.
• High need for achievement: Entrepreneurs are motivated to accomplish challenging goals; they thrive on performance feedback.
• Tolerance for ambiguity: Entrepreneurs are risk takers; they tolerate situations with high degrees of uncertainty.
• Self-confidence: Entrepreneurs feel competent, believe in themselves, and are willing to make decisions.
• Passion and action orientation: Entrepreneurs try to act ahead of problems; they want to get things done and not waste valuable time.
• Self-reliance and desire for independence: Entrepreneurs want independence; they are self-reliant; they want to be their own bosses, not work for others.
• Flexibility: Entrepreneurs are willing to admit problems and errors, and are willing to change a course of action when plans aren't working.
Learning Objectives
- Understand the attitudes and personal interests that motivate entrepreneurs.
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