Mindset Reengineering for Entrepreneurial Leadership
The definition of insanity
“ Doing the same thing over and over again, but expecting a different result.”
To do things different, you need to seek the right knowledge.
Who is an Entrepreneur?
An entrepreneur is a person who has the ability to identify and evaluate business opportunities in the environment, gather resources to take advantage of opportunities and initiate appropriate actions for success
Entrepreneurs Values, Environment and Resources Synergy
Qualities of an Entrepreneur
Skills Required for Entrepreneurship
Networking and marketing skills
Goal setting and planning skills
Function of an Entrepreneur
Entrepreneurial judo; Bad habits
Not invented here, no invention at all
Cream the market: satisfy big customers only
Quality: is what we invest material, time, effort resources
Premium price: this is an invitation to the competition
Maximize rather than optimize: one product fits all.
Customers are passive
Mindset of a leader
“ Mental models”, or mindsets, may sound like an abstract concept but they have a very real impact on corporate operations and performance. We use the phrase to describe the brain processes we employ to make sense of the world.
While mental models can help us to understand what is going on around us, they also simplify and filter what we see in ways that can obscure opportunities or threats. This is a problem if the model is not well suited to the environment. For example, consider the missed opportunities that resulted from applying the mindset of traditional broadcast or print advertising to the interactive environment of the internet.
Mental models have the ability to shape or limit a company’s opportunities and responses. They can also alter the level of uncertainty it faces because the issues that are obscured by a deficient mental model can become a blind spot.
List various mindsets that may hinder entrepreneurship?
No money, no business?
TRANSFORMATIONAL LEADERSHIP FOR INDIVIDUALS Four Core Transformational Competencies For More Information For Individual Development The Transformational Mind-set Have good, dynamic and written philosophy Grow In New Ways by Developing Your Own Transformational Philosophy Self-Mastery
Understand The Mind
Unlearning is as Important as Learning
Grow Your Ego
Purify and Unify the Unconscious
Set-up Robust Communication Links Between the Ego and the Unconscious
Improve Yourself Daily
Enhance Your Potential for Self-Growth Social Influence Reward, Coercive, Legitimate (authority), Referent (charisma) and Expertise. Coaching, Vision, Relationship, and Persuasion. Increase Influence With the Help of Coaching Skills Development Know How to Develop Skills Realize What Competencies to Perfect through a skills-gap analysis Understand the individual Development Process
Learning should change ..
Mindset changes with changing information and learning…
School/ University Lifelong Learning emphasis “ basic” skills; exposure; access education embedded in ongoing work activities; informed participation problems Given constructed new topics defined by curricula arise incidentally from work situations structure pedagogic or “logical” structure work activity roles expert-novice model reciprocal learning; “symmetry of ignorance” teachers / coaches expound subject matter engage in work practice mode Instructionism (knowledge absorption) Constructionism (knowledge construction)
Life long learning perspectives Form Complement ing Form Contribution toward Mindset Creation Major Challenges Media Requirements self-directed learning prescribed learning authentic problems problem framing understanding evolving tasks learning on demand learning in advance coverage is impossible; obsolescence is guaranteed identifying the breakdown leading to the demand; integration of working and learning critics; supporting reflection-in-action Informal learning Formal learning learning by being in the world larger, purposive activities provide learning opportunities end-user modifiability Collaborative and Organizational learning individual learning the individual human mind is limited shared understanding; exploiting the “symmetry of ignorance” as a source of power externalizations understandable by all stakeholders
Teacher Student Example authority (“sage on the stage”) dependent, passive lecture without questions motivator and facilitator interested lecture with questions, guided discussion Delegator involved group projects, seminar coach/critic (“guide on the side”) self-directed, discovery-oriented self-directed study group, apprenticeship, dissertation
Forming the right mindset
Understand the power and limits of mental models. To take advantage of models, you have to know how
they shape your possibilities. How do they limit your ability to see opportunities and threats?
Test the relevance of your mental models against the changing environment. As the world changes, do
your models still fit? If not, how do you find new models and put together a portfolio of models to meet future challenges?
Overcome inhibitors to change by reshaping the your thinking. Your entire world is organised around your current models and people around you may be much slower to change.
Transform your world by acting quickly upon the new models, experimenting constantly and applying a process continuously to assess and strengthen your models.
Personal Skills-Gap Analysis Task Knowledge/ Skills Required Attitude Required Gap Identified Solution Required
Reasons for entrepreneurial learning
Be you transformed by renewing your mindset, jettisoning old hindering beliefs. Then you will succeed as an entrepreneur.