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GEC 2017: Kelly Shaver (masterclass)

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Kelly Shaver, president of MindCette, on the Psychology of the Entrepreneur. Presented at the Global Entrepreneurship Congress in Johannesburg, South Africa.

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GEC 2017: Kelly Shaver (masterclass)

  1. 1. #GEC2017 | GEC.CO PSYCHOLOGY OF THE ENTREPRENEUR Kelly G. Shaver President, MindCette®, LLC
  2. 2. #GEC2017 | GEC.CO Guiding principle • Economic circumstances, social capital, teams, marketing, finance, and even entrepreneurial ecosystems are all important, • But none of these alone will create a new venture, • For that, we need a person in whose mind the possibilities come together, who believes that innovation is possible, and who will persist until the job is done.
  3. 3. #GEC2017 | GEC.CO “Entrepreneurs are born…” • True, there is a genetic contribution (Shane & Nicolaou, 2015), • But “genetic influence on behavior is just that – an influence or contributing factor…” (Plomin, DeFries, Knopik, & Neiderheiser, 2013) • And there are the Global Entrepreneurship Monitor data
  4. 4. #GEC2017 | GEC.CO Other influences • Nature of the economic system (necessity versus opportunity) • Government policy and regulation • Parents, especially self-employed mothers (Polin, Ehrman, & Kay, 2016) • Gender roles • “Local” social norms (friends, family)
  5. 5. #GEC2017 | GEC.CO Broad aspects of personality • Openness to experience • Extraversion • Conscientiousness • Agreeableness
  6. 6. #GEC2017 | GEC.CO Specific traits • Achievement motivation • Self-efficacy, especially entrepreneurial S-E • Risk propensity (or perception of risk) • Locus of control (internal)
  7. 7. #GEC2017 | GEC.CO Cognitive processes • Schemata and scripts • Cognitive maps of novices and experts • Heuristics and biases • Expectancies • Neuropsychological differences?
  8. 8. #GEC2017 | GEC.CO Behavioral tendencies • Problem solving • Action orientation – begging forgiveness • Leadership potential • Self-monitoring and emotional intelligence
  9. 9. #GEC2017 | GEC.CO Persistence and adaptability • Perseverance (e.g. “grit”) • Diligence and hard work • Ability to change direction • Resilience following failure • Attributions for success/failure • Coachability
  10. 10. #GEC2017 | GEC.CO Where to from here? • Entrepreneurial “mindset” not “personality” • Search for multiple dimensions • Careful operational definitions • Appropriate comparisons • Surveys, panel studies, experiments
  11. 11. #GEC2017 | GEC.CO Thank you! • More at http://www.kauffman.org/microsites/state-of-the- field/topics/background-of-entrepreneurs/behavioral-determinants- and-motivation • Questions to kelly.shaver@gmail.com • Watch for additions to www.mindcette.com
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  14. 14. #GEC2017 | GEC.CO LEVERAGE THE GEC PARTNERSHIP OPPORTUNITIES Bill Aulet of the Martin Trust Center for MIT Entrepreneurship, speaker at GEC Medellin in 2016 [SECTION BREAK SLIDE TITLE] [Subtitle]
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  16. 16. #GEC2017 | GEC.CO ABOUT GEC JOHANNESBURG: MARCH 2017 [SECTION BREAK SLIDE TITLE] [Subtitle]
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  24. 24. #GEC2017 | GEC.CO CONTACT Ingrid Vanderveldt, founder of the Dell Center for Entrepreneurs, speaker at GEC Moscow in 2014 [SECTION BREAK SLIDE TITLE] [Subtitle]
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  29. 29. #GEC2017 | GEC.CO The Global Entrepreneurship Congress is part of the GLOBAL ENTREPRENEURSHIP NETWORK g e n g l o b a l . o r g

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