Entrepreneurial Thinking
Entrepreneurial Thinking
Entrepreneurial Thinking
ENTREPRENEURIAL
THINKING
BY
DR BORISHADE TAIYE
ENTREPRENEURIAL THINKING
• CLARITY OF WHY
• DISCIPLINE OF HOW
• CONSISTENCY OF WHAT
SOOOOOOO?
• Critical thinking is the ability to apply reasoning and logic to new or unfailing ideas, opinion and
situations
• These skills involve
• Open-minded approach: being open-minded is a large part of critical thinking, allowing person to
not seek out all possible answer to a problem and to also accept answer that is different from
what was originally expected.
• Rational consideration: Rationality is the process of analyzing all known information and making
judgment on the analyses based on fact or evidence rather than opinion or emotion
• Empathy: Empathizing with a person usually involves a thinker trying to put himself or herself in
the place of something else
ASSIGNMENT
• Observation
• Analysis
• Reasoning
• Judgement
• Decision making
HOW TO DEVELOP YOUR ENTREPRENEURIAL THINKING
• Ask Questions
• A typical 4-year-old asks an average of 100 questions every day. They are naturally
curious about the world, and entrepreneurs are too. There is never a fear of asking a
‘stupid’ question.
• Improvise
• Entrepreneurs are excellent at improvisation. They thrive at being put on the spot and
adapting to the situation as it unfolds. Find opportunities to come out of your comfort
zone and put yourself in unfamiliar situations from time to time.
• Be Open to Risk
• Entrepreneurs fly the “OODA Loop,” i.e. “Observe, Orient, Decide, Act.” They make
decisions quickly based on the best information they have at the time. This means risk
is part of their day-to-day work. Speed up your decision time in non-critical areas.
• ‘Everyone can tell you the risk. An entrepreneur can see the reward’ – Robert Kiyosaki
• ‘Think big and don’t listen to people who tell you it can’t be done. Life’s too
short to think small’ – Tim Ferriss
• Entrepreneurial Thinking is just one training solution within our business skills
offering to really inspire personal growth. Take a look now!
WEEK 12: ENTREPRENEURIAL LEADERSHIP
• Entrepreneurial leadership is one of the factors that are critical for companies
in enabling the success of reaching their business objectives. Therefore,
entrepreneurial leadership characteristics of people in the leading position
affect performance, continuity, effectiveness and productivity of the
companies. These people should have entrepreneurial leadership
characteristics in order to gain competitiveness advantages, grow and
develop their companies and survive in this competitive environment.
• In addition to leadership qualities, having an entrepreneurial spirit shows that
the person in the leading position is an entrepreneurial leader.
Entrepreneurial leader characteristics such as influencing others, vision,
originality and courage as well as entrepreneurial characteristics such as risk
taking, seizing opportunities, pursuing innovations, being innovative,
productive, interchanging and strategic.
• Entrepreneurial leaders know themselves and their environment very well
and find new opportunities creating value for businesses, stakeholders and
society. The main motivation of leaders is their desire to create social,
environmental and economic opportunities. The lack of resources or
uncertainties don’t discourage them, instead these problems motivate them
and lead them to search for new solutions to overcome these problems.
• Entrepreneurial leaders don’t sink into skepticism and they don’t remain
under pressure of problems. They direct people to fight against problems that
seem impossible to solve by making analyses and finding solutions with their
productive thinking skills.
• Entrepreneurial leadership is considered as referring to entrepreneurship. It is one of
the new and modern leadership types. Entrepreneurship is about establishing a new
• business. On the other hand, entrepreneurial leadership is creating new products,
• processes and expansion opportunities in the companies, working in social institutions
• and stepping into participating in neglected social problems, social and political
• movements, contributing to the transformation of existing services and policies of
non-
• governmental organizations and governments.
• As a result; the need for entrepreneurial leaders in today’s companies is
increasing day by day. Therefore, applied trainings, seminars, conferences
can be organized and projects can be implemented in companies in order to
increase the number of entrepreneurial leaders.