The strategic entrepreneurial thinking imperative

Abstract

PURPOSE: The aim of this paper is to demonstrate that strategic entrepreneurial thinking is a unitary concept which should be viewed as a standalone construct. DESIGN / METHODOLOGY / APPROACH: The concept strategic entrepreneurial thinking is modelled from an analysis of strategic thinking and entrepreneurial thinking from available literature. The strategic entrepreneurial mindset imperative is then emphasised and confirmed. FINDINGS: This paper's finding is that there is no difference between strategic thinking and the entrepreneurial mindset. Instead, the composite strategic entrepreneurial mindset construct should be treated as a unitary construct. PRACTICAL IMPLICATIONS: The importance for practitioners is that the paper integrates two constructs, strategic thinking and entrepreneurial thinking into a new concept, strategic entrepreneurial thinking. The paper shows how difficult it is to split this thinking and behaviour into separate strategic and entrepreneurial thought and action processes. ORIGINALITY / VALUE: The paper explores the ''thinking'' aspect of the strategic entrepreneurial concept which prominent authors on the strategic entrepreneurship topic seem to have not focused on. The resultant strategic entrepreneurial mindset is modelled into a new stand alone concept on its own.