- Subject: Entrepreneurship. - Mandatory book for this week's assignment (file attached - please include in citations): Hisrich, Robert D., Peters, Michael P., Shepherd, Dean A.. (2020). Entrepreneur

Do you really think that entrepreneurs think effectually? What about yourself — do you sometimes think effectually? In what ways is it good? Then why are we taught in business classes to always think causally? Are there particular problems or tasks in which thinking causally is likely to be superior to effectuation? When might effectuation be superior to causal thinking?

2. Provide some examples of the mental leaps that entrepreneurs have taken and explain each “leap.” 3. Search the Internet for four accounts of successful corporate entrepreneurship. What key factors for success are common across all these accounts? Which are unique? If one company can foster an entrepreneurial culture within an existing firm, what stops another company from copying its process and taking away the initial advantage?

4. Interview three employees that have worked on projects that were terminated. Ask them how they felt about the project, how they felt after it was terminated, and how they feel today. How did they deal with the loss of the project? Summarize your findings and explain using the concepts from this module.

5. Isn’t “corporate entrepreneurship” an oxymoron? Do the characteristics of an established organization, such as its routines and structure, increase efficiency but at the same time kill any entrepreneurial spirit? Is there any way that a company can have the best of both worlds?