Mindset Reengineering for Entrepreneurial Leadership
The definition of insanity
“Doing the same thing over and over again, but expecting a different result.”
- Albert Einstein
To do things different, you need to seek the right knowledge.
Who is an Entrepreneur?
• An entrepreneur is a person who has the ability to identify and evaluate business opportunities in the environment, gather resources to take advantage of opportunities and initiate appropriate actions for success
Entrepreneurs Values, Environment and Resources Synergy
Qualities of an Entrepreneur• Persistent• Commitment• Focus• Risk-taking• Good planner• Persuasive • Confident• Optimistic• Hardworking
Skills Required for Entrepreneurship
• Creative Skills• Managerial knowledge• Technical knowledge• Networking and marketing skills• Persuasive Skills• Goal setting and planning skills• Communication skills
Function of an Entrepreneur• Planning• Organizing• Budgeting• Marketing• Staffing• Directing• Controlling• Leading
Entrepreneurial judo; Bad habits
• Not invented here, no invention at all• Cream the market: satisfy big customers only• Quality: is what we invest material, time, effort
resources• Premium price: this is an invitation to the
competition• Maximize rather than optimize: one product fits
all.• Customers are passive
Mindset of a leader • “Mental models”, or mindsets, may sound like an abstract concept
but they have a very real impact on corporate operations and performance. We use the phrase to describe the brain processes we employ to make sense of the world.
• While mental models can help us to understand what is going on around us, they also simplify and filter what we see in ways that can obscure opportunities or threats. This is a problem if the model is not well suited to the environment. For example, consider the missed opportunities that resulted from applying the mindset of traditional broadcast or print advertising to the interactive environment of the internet.
• Mental models have the ability to shape or limit a company’s opportunities and responses. They can also alter the level of uncertainty it faces because the issues that are obscured by a deficient mental model can become a blind spot.
List various mindsets that may hinder entrepreneurship?
• No money, no business?
TRANSFORMATIONAL LEADERSHIP FOR INDIVIDUALSFour Core
For More Information For Individual Development
Have good, dynamic and written philosophy
Grow In New Ways by Developing Your Own
Self-Mastery 1. Understand The Mind2. Unlearning is as Important as Learning
3. Grow Your Ego4. Purify and Unify the Unconscious
5. Set-up Robust Communication Links Between the Ego and the Unconscious
6. Improve Yourself Daily
Enhance Your Potential for Self-
Social Influence Reward, Coercive, Legitimate (authority), Referent (charisma) and Expertise. Coaching, Vision, Relationship, and Persuasion.
Increase Influence With the Help of
Skills Development Know How to Develop SkillsRealize What Competencies to Perfect
through a skills-gap analysis
Understand the individual
Learning should change ..
• Mindset changes with changing information and learning…
emphasis “basic” skills; exposure;access
education embedded in ongoing work activities; informed participation
problems Given constructed
new topics defined by curricula arise incidentally from work situations
structure pedagogic or “logical”structure
roles expert-novice model reciprocal learning; “symmetry ofignorance”
teachers / coaches
expound subject matter engage in work practice
mode Instructionism (knowledge absorption)
Constructionism (knowledge construction)
Life long learning perspectivesForm Complement
ing FormContributiontoward MindsetCreation
Major Challenges Media Requirements
problem framing understandingevolving tasks
coverage is impossible;obsolescence is guaranteed
identifying thebreakdown leading to the demand; integration ofworking and learning
learning by beingin the world
larger, purposiveactivities provide learning opportunities
Collaborative andOrganizational learning
the individualhuman mind islimited
shared understanding;exploiting the “symmetry of ignorance” as a source of power
externalizationsunderstandable by all stakeholders
Teacher Student Example
authority (“sage on the stage”)
lecture without questions
motivator and facilitator
interested lecture with questions, guideddiscussion
Delegator involved group projects, seminar
coach/critic (“guide on the side”)
self-directed study group,apprenticeship, dissertation
Forming the right mindset• Understand the power and limits of mental models. To take
advantage of models, you have to know how– they shape your possibilities. How do they limit your ability to see
opportunities and threats?• Test the relevance of your mental models against the changing
environment. As the world changes, do– your models still fit? If not, how do you find new models and put
together a portfolio of models to meet future challenges?• Overcome inhibitors to change by reshaping the your thinking.
Your entire world is organised around your current models and people around you may be much slower to change.
• Transform your world by acting quickly upon the new models, experimenting constantly and applying a process continuously to assess and strengthen your models.