Enhancing Entrepreneurial Excellence

Enhancing Entrepreneurial Excellence

Tools for Making the Possible Real

Robert A. Baron

The field of entrepreneurship has long pondered the following question: Why, despite their high levels of motivation, effort and commitment, do so many entrepreneurs fail? This innovative volume tackles the complex question of entrepreneurial success, identifying the essential tools necessary for converting ideas into reality and offering concrete means for acquiring and strengthening those tools.

Chapter 6: The personal side of entrepreneurial excellence: characteristics that enhance success

Robert A. Baron

Subjects: business and management, entrepreneurship


Self-efficacy: confidence in being able to do the job—whatever it is! Risk: are entrepreneurs really risk-takers? Should they be? Key aspects of personality: do effective entrepreneurs share a personal style? Emotion and passion: striking the right balance The potential benefits—and costs—of being “up” Passion: the intense desire to be—and act—entrepreneurially The importance of being flexible: from business plans to improvisation and effectuation Business plans and improvisation Effectuation: using what you have to get where you want to go

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