Page 65 - Management Digest Udyama Vol 1 Isuue 2

Why do CEO and other
Mindset

According to the lord Buddha,
Mind is the first. Our mindset is strategic managers
the underlying mechanism that
can expose opportunities and need to develop an
ignite our ambition, engaging our
faculties in ways that enable us
to flourish and thrive. It affects entrepreneurial mindset?
our behaviour, how we make
decisions, and how we process (or
fail to process) our positive and
negative experiences.

Entrepreneurial mindset

Entrepreneurial mindset refers As we are all making
to a specific state of mind which decisions with limited
orientates human conduct information
towards entrepreneurial activities
and outcomes. It combines
beliefs, focus, and attitude
that collectively constitutes In a time-compressed
thinking, reacting, and feeling and resource-limited
entrepreneurial. Individuals with environment
entrepreneurial mindsets are
often drawn to opportunities,
innovation and new value
creation. This state of mind is There are no guarantees or
influenced by their knowledge, safety nets
experience, competency level,
self-belief, personality, values,
attitudes, and beliefs. Developing
an entrepreneurial mindset is
not only for entrepreneurs. We take on a certain
It is important for others as amount of risk
well. Especially corporate
leaders should think and act
like entrepreneurs. You may be
working in a small company, a
giant multinational corporation, Competition is changing
a not-for-profit, a government
agency or any organization in
between; to capitalize on the
new opportunities and meet the
challenges of today’s market, you
need to think and act like we’re The market is changing
running a startup.

Product and Service
lifecycles are shorter and
shorter

September 2021 63