Entrepreneurial Mindset
(BS-101 & SS-158)
Introduction
Dr Hafiz Muhammad Abubakar Siddique
Director, Centre for Entrepreneurial Mindset (CEM)
Assistant Professor, GIFT Business School
Content
• What is entrepreneurial mindset?
• How is it different from the other mindsets?
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Entrepreneurial Mindset
• Innovativeness, proactiveness, Risk Taking
• Every human being is unique, with special qualities
(Idiosyncratic)
• They are so different that they are not comparable
• Every human being has an infinite potential
• Human beings are the most important living thing in the
Universe
• Human being can further develop this mindset
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• Human being is not a commodity (Iqbal)
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Eye Blinders
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Why careers diminished?
• IT revolution
• Entrepreneurial mindset led to many small companies
• It is expensive to be a kind employer, providing health
insurance and pensions
• Many industries need temporary, part time or contract labor.
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Jobs /
Careers Tasks/Gigs
Contract
40s to late 90s 2000 onwards 2010 onwards
Long term job and career path Short term: 3-5 years contract Very short term contracts: Few hours
Management Training Programs Career path loosely defined to few months activity, GIG Economy
Compensation Compensation Hourly / Daily / Monthly / Task based
Perks (Car, Fuel, Medical, Paid Perks compensation
Leave) No Pension
Pension/Gratuity No Pension No Medical, No Insurance
Insurance Very Flexible JDs
Job descriptions Flexible JDs Multi skills, needs creativity, ingenuity
Promotions No Promotions No Promotions, No bonus
Bonus Very less bonus Very Competitive, Driven by IT,
Monopoly, Duopoly, Oligopoly Competitive Environment Customization of products and services
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Thank you
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