Unraveling the entrepreneurial mindset

Abstract

Scholars have examined various aspects of the entrepreneurial mindset, which have provided insights into its attributes, qualities, and operations. However, the different perspectives have led to a diverse array of definitions. With the array of differing definitions, there arises the need to better understand the concept of an entrepreneurial mindset. Therefore, the question remains as to what exactly is the entrepreneurial mindset and how do people tap into it. In examining the literature, we find that three distinct aspects have arisen through the years: the entrepreneurial cognitive aspect—how entrepreneurs use mental models to think; the entrepreneurial behavioral aspect—how entrepreneurs engage or act for opportunities; and the entrepreneurial emotional aspects—what entrepreneurs feel in entrepreneurship. Using those as a basis for our work, we unravel the entrepreneurial mindset by examining deeper into the perspectives and discuss the challenges for implementing it.

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Correspondence to Donald F. Kuratko.

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Kuratko, D.F., Fisher, G. & Audretsch, D.B. Unraveling the entrepreneurial mindset. Small Bus Econ (2020). https://doi.org/10.1007/s11187-020-00372-6

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Keywords

  • Entrepreneurial mindset
  • Entrepreneurial cognition
  • Entrepreneurial behavior
  • Entrepreneurial emotion

JEL classifications

  • L26
  • L29