ENTREPRENEURSHIP

Detailed explanation-1: -A reflection task would involve thinking about what strategies should be used to solve a problem. Entrepreneurs have stronger intentions to act when taking action is perceived to be impossible and risky.

Detailed explanation-2: -Reflection tasks – Stimulates thinking about their understanding and feelings as they progress through the entrepreneurial process. Achieving cognitive adaptability means: understanding the context before addressing an entrepreneurial challenge.

Detailed explanation-3: -The effectuation process starts with what one has and selects among possible outcomes. The casual process of thinking starts with what one has and selects among possible outcomes. Demographics, ethnic origin, and marital status are examples of segmentation variables.

Detailed explanation-4: -Causal thinking means setting a goal and then acquire the resources needed to achieve it. Causal thinkers believe that “If I can predict the future, I can control it.” Effectuation unsettles traditional business planning and teaches another way of thinking.