ENTREPRENEURSHIP

Detailed explanation-1: -Cognitive adaptability refers to how entrepreneurs give feedback by embedding cognitive processes into the environment and adjusting their decision-making approach effectively and adequately, which emphasizes the effect of entrepreneurs’ self-reflection and self-adjustment on cognitive process and ability [4].

Detailed explanation-2: -First, this study found the role of cognitive factors in the process of entrepreneurship and revealed that the two cognitive biases of optimism and overconfidence are the key factors that affect entrepreneurial emotion and entrepreneurial intention.

Detailed explanation-3: -Cognitive adaptability is a higher-order (i.e., meta) mental ability that enables individuals “to effectively and appropriately evolve or adapt decision policies (i.e., to learn) given feedback (inputs) from the environmental context in which cognitive processing is embedded” (Haynie et al., 2012, p.

Detailed explanation-4: -Bird In Hand Principle. When expert entrepreneurs seek to build a new venture, they start with their means. Affordable Loss Principle. Crazy Quilt Principle. Lemonade Principle. Pilot in the Plane Principle. Effectual Cycle.