BUS 139: Chapter 2

Whether an entrepreneur will be able to find a job or go back to an old job if their venture fails.

• Failure

• Career Risk

• Ethics

• Family and Social Risk

Unethical acts against the firm involving a person failing to perform their managerial role, including superficial performance appraisals (not being totally honest) and not confronting someone who is cheating on expense accounts.

• Failure

• Financial Risk

• Stress

• Role Failure

A set of principles prescribing a behavioral code that explains what is good and right or bad and wrong.

• Ethics

• Risk

• Role Assertion

• Role Distortion

A statement of ethical practices or guidelines to which an enterprise adheres.

• Career Risk

• Entrepreneurial Cognition

• Entrepreneurial Mindset

• Code of Conduct

Involves uncertain outcomes or events. The higher the rewards, the greater the risk entrepreneurs usually face.

• Role Distortion

• Stress

• Risk

• Failure

An entrepreneur’s urgent, unorthodox actions that are intended to be useful in addressing immediate challenges and opportunities under conditions of uncertainty.

• Entrepreneurial Hustle

• Entrepreneurial Exprience

• Dark Side of Entrepreneurship

• Cognition

The ability to be dynamic, flexible, and self-regulating in one’s cognitions given dynamic and uncertain task environments.

• Code of Conduct

• Cognition

• Cognitive Adaptability

• Ethics

An entrepreneur’s decision to initiate the new-venture formation process.

• Entrepreneurial Behavior

• Entrepreneurial Mindset

• Entrepreneurial Persistence

• Grief Recovery

A venture not being able to survive as caused by inexperience or incompetent management.

• Failure

• Grief Recovery

• Psychic Risk

• Risk

A function of discrepancies between a person’s expectations and ability to meet demands as well as discrepancies between the individual’s expectations and personality. If a person is unable to fulfill role demands, then stress occurs.

• Financial Risk

• Stress

• Ethics

• Failure