session 19

• the intention to engage in the creation of new products or processes and/or enter in to new markets

motivitational factors that influence individuals to pursue entrepreneurial outcomes

conviction that one can successfully pursue entrepreneurial outcomes

degree to which a potential entrepreneurial outcome is evaluated as favorable or unfavorable

An individuals mental processes of overcoming ignorance to: 1. decide whether a signal represents an opportunity .. 2. decide whether that opportunity is applicable to the individual specifically... 3. Process feedback from action steps taken

• - think structurally
• - use existing resources in new combinations 
• - effectuate (taking what you have and making something new)
• - cognitively adapt
• - learn from failures

• new business venturing - Creation of a new business within an existing organization
• innovation- Developing new products, services, and processes
• proactiveness- Initiative, risk-taking, competitive aggressiveness, and boldness
• Self-Renewal- Transformation of organization through renewal of foundational ideas

• 1. Committment/Culture
• 2. Plan & Organize
• 3. Technology
• 4. Training
• 5. Customer Focus
• 6. Resource Management
• 7. Support Structure 
• 8. Rewards
• 9. Evaluation System

Seek individuals who can do things differently and better.

• 1. understands the environment
• 2. is visionary and flexible
• 3. creates management options
• 4. encourages teamwork
• 5. encourages open discussion
• 6. builds a coalition of supporters
• 7. persists