Key Elements of Integrative Entrepreneurship and Entrepreneurial Ethics

Written at October 5, 2024 on English with a size of 2.83 KB.

Key Elements of Integrative Entrepreneurship

The Entrepreneurial Process: Identify Opportunity; Access and Acquire Necessary Resources; Implementation
Entrepreneurial Intensity (EI): Number of Events and Degree of Entrepreneurship (Innovation, Risk-Taking, Proactiveness)

Drive to Achieve: The motivation to reach a desired goal.
Determination and Perseverance: Avoiding failure by not giving up at the first obstacle or difficulty and keeping up.
Opportunity Orientation: Taking risks on an opportunity, being proactive and innovative to effectively make use of it.
Initiative and Responsibility: Taking the initiative and responsibility for things.
Persistent Problem Solving: Continuously having the character to solve problems without giving up.
Seeking Feedback: Not everything you do is perfect; feedback is necessary to better the outcome of work and avoid future mistakes.
Internal Locus of Control: Being able to control events internally (controlling their life).
Tolerance for Ambiguity: The ability to deal with ambiguous situations calmly and sensibly.
Calculated Risk-Taking: Planned or forethought risks, where a chance is taken after careful estimation of the probable outcome.
High Energy Level: Being able to work hard and for long hours by maintaining a high energy level.
Creativity and Innovativeness: Thinking outside the box, bringing something unique.
Vision: Knowing the direction they're heading towards.
Independence: Working for themselves, not influenced by others, and making their own decisions.
Team Building: Being a leader and able to build a team to support the vision and goals.

Provides the basic rules or parameters for conducting any activity acceptably within society without cheating.
Represents a set of principles prescribing a behavioral code of what is good and right or bad and wrong.
Defines situational moral duty and obligations.

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