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Whats in a Mindset? Exploring the Entrepreneurial Mindset

Anh Dinh, Luis Oberrauch, Sam Dewalt

The subject entrepreneurial mindset is a multidisciplinary and widely discussed construct, yet its conceptualization and measurement remains vague. This article identifies critical attributes of the entrepreneurial mindset by conducting a systematic literature-review and explores perspectives among practitioners and educators using an iterative multistage survey (Delphi Method). In essence, we identify 11 critical dimensions of an entrepreneurial mindset. In contrast to recent literature, acceptance of entrepreneurial mistakes and failure is considered as a prevalent attribute by the respondents. On the individual level, we find substantial differences among practitioners and educators with practitioners favoring personality-related constructs such as entrepreneurial passion or resilience. Our work sheds new light on the development of a multidimensional framework with implications for future entrepreneurship education mandates.