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Entrepreneurial Mindset: A Synthetic Literature Review

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  • Christiane Naumann

    (Anhalt University of Applied Sciences, Germany)

Abstract

Objective: The objective of this paper is to provide an overview of the state-of-the-art in research on entrepreneurial mindset (EM). The paper identifies research areas which have contributed to the current status of the EM concept, outlines areas which remain under-addressed and suggests areas for future research. Research Design & Methods: A comprehensive method of a synthetic literature review was employed. In a four-step process, relevant papers were identified and classified. Research methods and sampling were analysed and put into a perspective of the EM concept development. Based on that, recommendations for future research are presented. Findings: No commonly shared EM concept was found. Instead, scholars have contributed largely by depicting particular attributes of EM. These attributes can be divided into core attributes of EM and meta-cognitive attributes of EM. While core attributes are easier to recognize and exhibited through behaviour, meta-cognitive attributes are more hidden within an individual. Mainly the Anglo-American perspective influences the research on EM. The dominating research design methods remain quantitative. Only one longitudinal and one qualitative study using in-depth interviews were identified in the pool. Links to other research areas are provided. Implications & Recommendations: The EM concept might be investigated further with the inclusion of more other cultures or with people from other cultural backgrounds to test the validity of the existing assumptions. Contribution & Value Added: This literature review contributes to the current body of knowledge by giving an overview of the EM concept and its attributes and associated qualities. It identifies current gaps in research and provides recommendations on how to close them.

Suggested Citation

  • Christiane Naumann, 2017. "Entrepreneurial Mindset: A Synthetic Literature Review," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(3), pages 149-172.
    • Handle: RePEc:krk:eberjl:v:5:y:2017:i:3:p:149-172
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    References listed on IDEAS

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    9. Busenitz, Lowell W. & Barney, Jay B., 1997. "Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making," Journal of Business Venturing, Elsevier, vol. 12(1), pages 9-30, January.
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    Cited by:

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    2. Cucchiarini, Veronica & Scicchitano, Sergio & Viale, Riccardo, 2024. "The Entrepreneur's Cognitive and Behavioral Journey: Understanding Heuristics and Bias under Risk and Uncertainty," GLO Discussion Paper Series 1390, Global Labor Organization (GLO).
    3. Jun Cui, 2021. "The Impact of Entrepreneurship Curriculum with Teaching Models on Sustainable Development of Entrepreneurial Mindset among Higher Education Students in China: The Moderating Role of the Entrepreneuria," Sustainability, MDPI, vol. 13(14), pages 1-16, July.
    4. Donald F. Kuratko & Greg Fisher & David B. Audretsch, 2021. "Unraveling the entrepreneurial mindset," Small Business Economics, Springer, vol. 57(4), pages 1681-1691, December.
    5. Matthew Lynch & Gunnar Andersson & Frode Ramstad Johansen, 2021. "Merging Systems Thinking with Entrepreneurship: Shifting Students’ Mindsets towards Crafting a More Sustainable Future," Sustainability, MDPI, vol. 13(9), pages 1-16, April.

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    More about this item

    Keywords

    entrepreneurial mindset; entrepreneurial cognition; cognitive adaptability; cognitive tuning of mindsets; literature review;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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