REVISION NOTES AND STRUCTURED
ELECTRICAL ENGINEERING OVERVIEW GUIDE
◉ effectuation process. Answer: start with what you have and select
among possible outcomes
◉ Cognitive adaptability. Answer: extent to which entrepreneurs are
mentally flexible- how good they are at generating multiple decision
frameworks
◉ metacognitive awareness. Answer: ability to understand/ control
ones thinking and learning
◉ achieving cognitive adaptability. Answer: comprehension
questions
connection tasks
strategic tasks
reflection tasks
◉ self efficacy. Answer: how much you believe in yourself
, ◉ perceived desirability. Answer: degree to which outcome is
evaluated as favorable
◉ Corporate Entrepreneurship. Answer: capitalizes on individuals
who can do things differently and better
◉ Step 1 of corporate entrepreneurship. Answer: secure
commitment from top upper and middle management levels
◉ New entry. Answer: new product or service in an established or
new market- an established product in a new market- a new
organization
◉ new entry strategy. Answer: set of decisions actins reactions that
generate exploit new entry over time
◉ new entry resources. Answer: bricolage
◉ attractiveness of a new entry depends on. Answer: level of
information, willingness to make a decision based on limited info
◉ window of opportunity. Answer: favorable environment for
entrepreneur to exploit a new entry