Ent. 101 Exam 1 Questions and Correct Answers |
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Bricolage
Ans: entrepreneurs applying combinations of resources at hand to new
problems and opportunities
causal process
Ans: process starts with a desired outcome and focuses on how to
generate that outcome
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cognitive adaptability
Guru01 - Stuvia
Ans: describes the extent to which entrepreneurs are dynamic, flexible,
self-regulating, and engaged in the process of generating multiple
decision frameworks focused on sensing and processing changes in their
environments and then acting on them
2026
comprehension
©
Ans: increase entrepreneurs understanding of the nature of the
environment
making connections
Ans: entrepreneurs to think about the current situation in terms of
similarities to and differences from situations previously faced and
solved
effectuation process
Ans: process that starts with what one has (who they are, what they
know, and whom they know) and selects among possible outcomes
entrepreneurial action
, 2 for specific request mail
Ans: acting to create of new products/processed and/or the entry into
new markets, which may occur through a new venture or within an
established organization
entrepreneurial intentions
Ans: motivational factors that influence individuals to pursue
entrepreneurial outcomes
entrepreneurial mindset
Ans: involves the ability to rapidly sense, act, and mobilize, even under
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uncertain conditions
entrepreneurial opportunities
Guru01 - Stuvia
Ans: situations in which new goods, services, raw materials, and
organizing methods can be introduced for finanical or non-financial gain
of the entrepreneur and/or other stakeholders
2026
entrepreneurial self-efficacy
©
Ans: personal conviction that one can successfully execute the
entrepreneurial process
entrepreneurial thinking
Ans: individuals mental processes of overcoming ignorance to decide
whether a signal represents an opportunith for someone and/or reducing
doubt as to whether an opportunity for someone is also and opportunity
for them and processing feedback from action steps taken
moral support network
Ans: individuals who give psychological support to an entrepreneur
perceived desirabiltiy