Psychological Foundations of The Entrepreneurial Mindset

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Psychological Foundations of The Entrepreneurial Mindset

9781035360468 Edward Elgar Publishing
Kelly G. Shaver, MindCette, LLC, Charleston, South Carolina, US
Publication Date: February 2025 ISBN: 978 1 03536 046 8 Extent: 226 pp
Highlighting three decades of key research and emphasizing the psychological processes that characterize us all, Psychological Foundations of The Entrepreneurial Mindset moves away from the traditional focus on the entrepreneurial ecosystem to provide a novel investigation at the level of the individuals themselves.

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Highlighting three decades of key research and emphasizing the psychological processes that characterize us all, Psychological Foundations of The Entrepreneurial Mindset moves away from the traditional focus on the entrepreneurial ecosystem to provide a novel investigation at the level of the individuals themselves.

Identifying important questions including: Does the entrepreneur have a strong vision? Can the person execute successfully? and how will he or she recover if the business encounters setbacks? Kelly Shaver discusses how these judgements relate to an individual person, not a business. The book analyses the foundations of an entrepreneur’s mindset including sensation and perception, cognition, motivation and elements of personality, and considers how these factors contribute to ongoing behavior distinguishing one entrepreneur from another. Using research data from over 4,000 people in two countries and showcasing tests which are calibrated separately between men and women, this insightful book identifies the need for a different approach to better understand an entrepreneur’s mindset.

Providing a stimulating read, this book will be an excellent resource for entrepreneurship scholars interested in individual differences and wanting to specialize in the entrepreneurial mindset. Psychology researchers interested in learning more about the behavior of entrepreneurs and operators of assistance programs will also find the data illuminating and informative.
Critical Acclaim
‘Kelly G. Shaver’s book, Psychological Foundation of the Entrepreneurial Mindset, is a noteworthy addition that enhances the comprehensive entrepreneurial mindset and its practical implications for education and practice, establishing its position as a crucial text in entrepreneurship.’
– Reshmi Manna, The Journal of Entrepreneurship

‘Finally, a book on the psychological basis of entrepreneurship that I agree with. This book should be required reading for all scholars (and others) interested in understanding how and why entrepreneurs think, feel, and act the way they do. Kelly Shaver provides an important foundation of scholarship and insights into the mindset of entrepreneurs. The book is a goldmine of important issues on individual entrepreneurs that must be addressed.’
– William B. Gartner, Babson College, Massachusetts, US

‘The entrepreneurial mindset is one of the driving ideas of modern entrepreneurship, but until now all mindset models and surveys have been poorly conceived and executed. Shaver''s MCET delivers the best grounded, best sampled, and deepest way to assess entrepreneurial potential, and this is the book that backs all of that up and makes it accessible to every reader.’
– Jerome Katz, St Louis University, US

‘While many researchers have written on the psychological aspects of the entrepreneur, few have actually been trained in psychology and even fewer have published in major journals in psychology. Dr. Shaver is one of only a handful of respected entrepreneurship researchers who can speak to the psychology of the entrepreneur with authority of knowledge of both fields. I recommend this book for its thoughtful insights into those undertaking the role of entrepreneur.’
– Alan L. Carsrud, Abo Academy University, Finland
Contents
Contents:
Preface
1 Why psychology?
2 Basic psychological processes
3 Complex processes
4 Descriptions of personality
5 Measuring personality traits
6 Existing scales to measure entrepreneurial propensity
7 Building a scale of entrepreneurial mindset
8 The Dimensions Generalize
9 Conclusion to Psychological Foundations of Entrepreneurial Mindset
References
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