The Entrepreneurial Mindset in the SME Sector
Introduction
Business success in the new economy is not merely a function of relevant skills but also requires people who have entrepreneurial mindsets. The key objective of this chapter is to determine the entrepreneurial mindset of Small and medium enterprises (SMEs) in general. SMEs are defined as separate and distinct commercial entities in some countries, in addition to their branches or subsidiaries. McGrath and MacMillan (2000) assert that an entrepreneurial mindset, which consists of elements such as goal orientation, hunting profitable opportunities, extreme discipline, and embracing a strong personal inner drive, is of utmost importance for any business to make ends meet. Kiyosaki ...
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