Enhancing-Your-Enterprising-Potential-with-GETT-v2.pptx

This presentation is a part of entrepreneurship subject in delhi university.

1. Who is an Entrepreneur? An entrepreneur is an individual who identifies a need in the market and takes the initiative to create a business or product to address that need. Entrepreneurs are often characterized by their willingness to take risks, innovate, and work independently to bring their ideas to fruition. They play a crucial role in driving economic growth by introducing new products and services, creating jobs, and fostering competition.

2. What is an enterprising person? An enterprising person is someone who tends to take the initiative to start and manage projects. They share many qualities with entrepreneurs. Just like there are different types of entrepreneurs, there are also various kinds of enterprising people, each distinguished by their goals, motivations, and the types of projects they take on. An enterprising person is defined by their ability to start and manage new projects. The most enterprising individuals are those who frequently set up new and innovative projects, always looking for growth opportunities. To be successful, they must be resourceful and good at using different types of resources, such as people, technology, physical assets, and organizational tools.

3. How many of you feel you possess these entrepreneurial characteristics? Which traits do you believe are your strengths, and which areas do you think you could improve?

4. Enhancing Your Enterprising Potential with GETT v2 The Get2 Test for Enterprising Potential (GETT v2) is a comprehensive assessment designed to help individuals understand and improve their entrepreneurial capabilities. By identifying strengths and weaknesses in key areas, GETT v2 empowers you to unlock your full enterprising potential.

5. GETT v2 The genesis of the Get2 Test for Enterprising Potential (GETT v2) can be traced back to its earlier version, the General measure of Enterprising Tendency (GET) test, which was developed in 1988. The key points regarding its development: Development Background Founders : The GET test was created by Dr. Sally Caird and Mr. Cliff Johnson at Durham University Business School. Their work focused on understanding the entrepreneurial characteristics that contribute to an individual's enterprising potential. Initial Purpose : The original GET test aimed to assess various entrepreneurial attributes to help individuals identify their strengths and areas for improvement in an entrepreneurial context. Evolution to GETT v2 Enhancements : Dr. Sally Caird later expanded upon the original GET test by developing the GETT v2 materials and the associated website. This evolution included refining the test to better measure specific components of enterprising potential, making it more user-friendly and accessible.

6. The GETT v2 Assesses Five K ey Components of Enterprising Potential

7. Following are the qualities of someone with a high need for achievement: They think about the future and plan ahead. They trust their own abilities to get things done. They have a positive, optimistic outlook on life. They focus strongly on tasks and getting results. They manage their time well. They push themselves and others to achieve results. Need for Achievement Definition : The Need for Achievement refers to an individual's intrinsic motivation to set and accomplish challenging goals. It reflects a desire to excel and achieve a sense of competence and mastery in specific areas. A high need for achievement means that a person is very motivated and driven to succeed. They have a strong desire to start, lead, and complete projects. Importance : Individuals with a high need for achievement are often driven to pursue excellence, seek feedback, and continuously improve their skills. This drive can lead to higher levels of performance and success in entrepreneurial ventures. They are energetic and always on the move. They stand by their ideas and opinions strongly. They are determined to meet their goals, even when faced with challenges. They are responsible and persistent in achieving their aims. They set challenging but realistic goals for themselves. They are willing to work long hours and put in extra effort to complete tasks.

8. Following are the qualities of someone with a high need for autonomy: They prefer to work alone, especially if they can't be in charge. They feel a strong need to do things their way, rather than working on projects started by others. They are individualistic and don't easily go along with what others want. They prefer to be the leader and don't like taking orders. They are unconventional and don't mind being different from others. They are opinionated and like to express their own thoughts and make their own decisions. They are determined and stubborn when it comes to their interests. Need for Autonomy Definition : The Need for Autonomy is characterized by a preference for independent decision-making and self-direction. Individuals with this trait value their freedom to make choices and take initiative in their work. A high need for autonomy means that a person values independence and prefers to do things their own way. They are motivated, energetic, and often like to lead rather than follow. Importance : Autonomy fosters creativity and innovation, as individuals feel empowered to explore new ideas and approaches without excessive constraints. This component is crucial for entrepreneurs who must navigate uncertainty and make independent decisions.

9. following are the qualities of someone with a creative tendency: They are imaginative and come up with new ideas. They use intuition, combining ideas and knowledge to make good guesses when needed. They enjoy change and challenges and dislike being stuck in routines. They are versatile and can use their personal skills and resources to solve problems. They are curious and interested in exploring new ideas. Creative Tendency Definition : Creative Tendency refers to the ability to generate novel ideas and think outside the box. This component encompasses originality, imagination, and the capacity to approach problems from different angles. A creative tendency means that a person is full of ideas and has an imaginative way of solving problems. They often see things differently from others and use their creativity to develop new products, processes, or projects. Importance : Creativity is essential in entrepreneurship, as it leads to innovative products, services, and solutions that differentiate businesses in the marketplace. Individuals with a strong creative tendency are often better at adapting to change and finding unique solutions to challenges.

10. following are the qualities of someone who is a calculated risk-taker: They are decisive and can make decisions even when they don't have all the information. They are self-aware and can accurately assess their own abilities. They are analytical and good at weighing the potential benefits against the possible costs of their actions. They are goal-oriented, setting challenging but achievable goals for themselves. They effectively manage information to calculate the chances of success. Calculated Risk-Taking Definition : Calculated Risk-Taking involves the willingness to take risks after carefully evaluating potential outcomes and consequences. It reflects a balanced approach to risk, combining boldness with prudence. Calculated risk-taking means that a person is willing to take risks, but only after carefully evaluating whether the opportunity is worth it. They seek out information and expertise to make informed decisions. Importance : Entrepreneurs often face uncertainties and must make decisions that involve risks. Those who can assess risks effectively and make informed choices are more likely to succeed in their ventures.

11. following are the qualities of someone with an internal locus of control: They are opportunistic, always looking for and taking advantage of opportunities. They are self-confident, believing they control their own destiny and create their own luck. They are proactive, taking personal responsibility for solving problems and achieving success. They are determined and strong-willed, feeling in control of their life. They have self-belief, knowing that their efforts directly influence their results.   Determined Drive/ I nternal Locus of Control Definition : Determined Drive is characterized by persistence and motivation in pursuing goals, even in the face of obstacles and setbacks. This component reflects an individual's resilience and commitment to their objectives. An internal locus of control means that a person believes they have control over their own life and success. They think that their efforts and decisions shape their destiny, not luck or external factors. Importance : A strong determined drive is crucial for overcoming challenges and maintaining focus on long-term goals. Entrepreneurs often encounter failures and difficulties, and those with determined drive are more likely to persevere and ultimately succeed.

12. Analyzing Your GETT v2 Results Strengths High-scoring components indicate areas where you excel. These strengths provide a foundation for building upon your existing skills and expertise. Weaknesses Low-scoring components highlight areas for improvement. By focusing on these weaknesses, you can address potential limitations and enhance your overall enterprising potential. Examples For example, a high score in 'Need for Autonomy' might suggest a strong preference for independent work. A low score in 'Creative Tendency' might indicate a need to develop more innovative thinking skills.

13. Setting SMART Goals for Improvement Specific Clearly define your goals with precise objectives and desired outcomes. For example, 'Increase social media engagement by 20%.' Measurable Establish quantifiable metrics to track progress towards your goals. For example, 'Increase the number of followers on Instagram by 1,000.' Achievable Set realistic goals that are attainable within a reasonable timeframe and with your current resources. For example, 'Launch a new product line within six months.' Relevant Ensure your goals align with your overall aspirations and contribute to your long-term objectives. For example, 'Improve customer service to increase customer retention.' Time-bound Establish deadlines for achieving your goals to provide a sense of urgency and accountability. For example, 'Complete the website redesign by the end of Q2.'

14. Strategies for Improving Need for Achievement Set Challenging Goals Set goals that push you beyond your comfort zone and encourage continuous growth. For example, aim to speak at a conference or publish an article in a respected journal. Seek Feedback Actively solicit feedback from mentors, peers, and supervisors to gain insights into your performance and identify areas for improvement. Embrace Growth View challenges as opportunities for learning and development. Embrace setbacks as stepping stones on the path to success.

15. Strategies for Improving Need for Autonomy 1 Take Initiative Seize opportunities to lead projects, volunteer for new tasks, or propose innovative solutions. This demonstrates your willingness to take ownership and make independent decisions. 2 Seek Decision-Making Opportunities Actively participate in decision-making processes and express your opinions and perspectives. Seek out situations where you can exercise your autonomy. 3 Embrace Leadership Consider taking on leadership roles in teams or organizations to develop your ability to guide and motivate others. Embrace the responsibility of independent decision-making.

16. Strategies for Improving Creative Tendency Engage in Creative Activities Dedicate time each week for brainstorming new ideas, exploring different creative mediums, or participating in workshops. Challenge Conventional Thinking Question assumptions, explore unconventional approaches, and seek out perspectives that challenge your own. Embrace innovation and the unexpected. Embrace Failure as a Learning Tool Recognize that not all ideas will succeed. Learn from your mistakes, iterate, and adapt your approach. Embrace failure as a valuable learning experience.

17. Strategies for Improving Calculated Risk-Taking Start Small Begin with small, calculated risks and gradually increase the complexity of your ventures. Market Research Thoroughly research your target market, competitors, and potential outcomes before embarking on any new endeavor. Test and Learn Utilize pilot projects to test your ideas and gather valuable feedback before committing significant resources.

18. Strategies for Improving Determined Drive Set Clear Priorities Identify your most important goals and allocate your time and energy accordingly. Focus on achieving your priorities, even when faced with distractions. Maintain a Positive Mindset Cultivate a growth mindset and focus on your strengths. Approach challenges with resilience and a belief in your ability to overcome obstacles. Break Down Large Goals Divide large, daunting goals into smaller, actionable steps. This makes them more manageable and creates a sense of momentum. Celebrate Milestones Recognize and celebrate your achievements, no matter how small. This reinforces your progress and motivates you to continue moving forward.

19. Measuring Progress Towards Your Goals Track your progress using both quantitative and qualitative indicators. For example, monitor the number of new opportunities pursued, the confidence level in risk-taking, and the positive feedback received from clients or colleagues. Regularly review your progress and make necessary adjustments to your strategies to ensure you stay on track and achieve your goals.