Michael Frese How Can an Entrepreneurial Mindset be Developed to Encourage Poverty Reduction?
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.
LT Video Publication DOI: https://doi.org/10.21036/LTPUB10621
Teaching Personal Initiative Beats Traditional Training in Boosting Small Business in West Africa
- Francisco Campos, Michael Frese, Markus Goldstein, Leonardo Iacovone, Hillary C. Johnson, David McKenzie and Mona Mensmann
- Published in 2017