How Can an Entrepreneurial Mindset be Developed to Encourage Poverty Reduction?

Michael Frese
Profile Picture of - Michael Frese

Michael Frese

Abstract information

Good entrepreneurs play a key role in helping poor countries to prosper. In this video, MICHAEL FRESE asks us to consider the fundamental importance of psychological mindset in the development of successful entrepreneurs. Over a two year period, Frese analyzed outcomes achieved by groups of entrepreneurs that had received different forms of training and found that individuals who had been trained to develop an entrepreneurial mindset had been (on average) 30% more profitable. With important implications for poverty reduction in the developing world, backed by the World Bank, Frese is looking at extending his study to countries including Jamaica, Ethiopia, and Mozambique.

DOI:

https://doi.org/10.21036/LTPUB10621

Researcher

Michael Frese is the Head of the Department of Management and Organization at the National University of Singapore Business School and is Professor of Psychology at Leuphana University, Lüneberg. He has previously held appointments at the University of Pennsylvania, the University of Amsterdam and London Business School. His main research interests include stress and unemployment, innovation and innovation processes and the psychology of entrepreneurship. The most cited management scholar in both Germany and the Asia-Pacific Region, Frese received the Distinguished Career Contributions Award from the German Psychological Association in 2016.

Institution information

Leuphana University, Lüneburg

Leuphana University Lüneburg is a public “model university” established in 1946, known for its radical departure from traditional German academic structures. It operates on a unique liberal arts-inspired model where all undergraduate students, regardless of their major, start with a shared interdisciplinary “Leuphana Semester” to foster critical thinking and social responsibility.

The university is highly regarded for its focus on sustainability, cultural studies, and education research. Its central campus is visually defined by the Libeskind Building, a deconstructivist landmark designed by architect Daniel Libeskind. As a climate-neutral institution, it emphasizes humanism and entrepreneurship, serving as a prominent hub for social innovation and sustainable development in Lower Saxony.

Cover Photo of -

Original Publication

Teaching Personal Initiative Beats Traditional Training in Boosting Small Business in West Africa

Francisco Campos,

Michael Fresé,

Markus Goldstein,

Leonardo Iacovone,

Hillary C. Johnson,

Published in

Citation

Michael Frese, 

Latest Thinking, 

How Can an Entrepreneurial Mindset be Developed to Encourage Poverty Reduction?, 

https://doi.org/10.21036/LTPUB10621, 

Credits:

© Michael Frese 

and Latest Thinking

This work is licensed under CC-BY 4.0