Cognitive Styles in Entrepreneurial and Business Activities : Integrative Approach
The article, at the level of theoretical generalizations, clarifies the influence of an individual's cognitive styles on entrepreneurial and business activity. Different cognitive styles can play a significant role in entrepreneurial and business activities. Entrepreneurs and business leaders need to possess various cognitive styles to succeed in their endeavors. Here are some of the ways cognitive styles impact entrepreneurial and business activities:Field dependence/independence: Field dependence and independence are two cognitive styles that can influence an individual's ability to identify opportunities and make effective decisions in a business context. Field-independent individuals tend to have a more analytical and objective approach, which can be useful in identifying new business opportunities and developing effective business strategies. In contrast, field-dependent individuals may rely more on contextual cues and be more sensitive to social norms and expectations, which can be beneficial in developing interpersonal relationships with stakeholders and clients.Creativity: Creativity is a crucial cognitive style for entrepreneurs and business leaders. Creative individuals are more likely to generate innovative business ideas, identify new markets, and find unique solutions to business problems. Furthermore, creative individuals are often better equipped to adapt to changing market conditions and anticipate future trends.Decision-making: Successful entrepreneurs and business leaders need to make effective decisions under uncertain conditions. Cognitive styles such as reflective thinking, problem-solving ability, and field-independence can enhance an individual's ability to make sound decisions.Leadership: Entrepreneurs and business leaders need to motivate and lead their teams effectively. Cognitive styles such as emotional intelligence, social awareness, and empathy can contribute to an individual's leadership abilities.Adaptability: The business environment is constantly changing, and entrepreneurs need to adapt to stay relevant. Cognitive styles such as flexibility, open-mindedness, and tolerance of ambiguity can contribute to an individual's ability to adapt to changing circumstances.Attention to detail: Entrepreneurs and business leaders need to pay attention to details to ensure that their products or services meet customers' expectations. Cognitive styles such as analytical thinking, detail-orientedness, and rule-following can contribute to an individual's ability to attend to details.Risk-taking propensity: The willingness to take risks is an essential factor in entrepreneurship and business. Individuals with a high risk-taking propensity are more likely to engage in innovative and unconventional business strategies, which can lead to significant rewards but also carry higher risks. On the other hand, individuals with low risk-taking propensity may be more conservative and prefer to stick to proven business strategies.Achievement orientation: Achievement orientation is another important cognitive style for success in business. Individuals with a high achievement orientation are more likely to set ambitious goals, work hard to achieve them, and persist in the face of setbacks. They are also more likely to be motivated by feedback and recognition and seek out new challenges to maintain their momentum.Holistic-analytic thinking. The ability to think both holistically and analytically is essential for success in business. Holistic thinking enables individuals to see the big picture, identify patterns, and make connections between seemingly unrelated pieces of information. Analytical thinking, on the other hand, enables individuals to break down complex problems into smaller components and develop detailed plans and strategies to address them.In conclusion, cognitive styles can play a significant role in entrepreneurial and business activities. Different cognitive styles can influence an individual's decision-making processes, problem-solving strategies, and interpersonal interactions, all of which are essential for success in these domains. Therefore, understanding and leveraging one's cognitive strengths and weaknesses can be a valuable asset in pursuing entrepreneurial and business goals
Year of publication: |
[2023]
|
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Authors: | Shabshai, Galyna |
Publisher: |
[S.l.] : SSRN |
Subject: | Kognition | Cognition | Entrepreneurship | Entrepreneurship approach | Unternehmensgründung | Business start-up | Unternehmer | Entrepreneurs |
Saved in:
freely available
Extent: | 1 Online-Ressource (16 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | In: Actual problems of psychology: Collection of scientific works of the H.S. Kostiuk Institute of Psychology of the National Academy of Sciences of Ukraine, 2019. Vol. IX. Vol. 12 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 19, 2019 erstellt |
Other identifiers: | 10.2139/ssrn.4403741 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014354962
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