Entrepreneurship: A style of management


0
    • Entrepreneurship is, fundamentally, a style of management.  Entrepreneurs are characterised by the way in which they do things, not what they do or who they are.

     

    • Three characteristics distinguish entrepreneurial management from ‘ordinary’ management:

     

    –        Focus on change

     

    –        A focus on opportunity

     

    –        Organisation-wide management 

    • Entrepreneurship is, fundamentally, a style of management.  Entrepreneurs are characterised by the way in which they do things, not what they do or who they are.
    • Three characteristics distinguish entrepreneurial management from ‘ordinary’ management:

    –        Focus on change – entrepreneurs make a significant difference; conventional mangers are more likely to be interested in incremental change.

    –        A focus on opportunity – entrepreneurs are interested in pursuing and exploiting significant opportunities.  They will expose (investor’s) resources to risk in order to do this.  Conventional managers are more likely to be interested in conserving resources and limiting the risk they are exposed to.

    –        Organisation-wide management – entrepreneurs are concerned with managing their venture as an integrated whole.  Though they have an interest in functional areas of management, they may not explicitly distinguish different functional areas.  Conventional managers (up to the level of the CEO anyway) will have an interest in a particular functional area.

  • Focus on change – entrepreneurs make a significant difference; conventional mangers are more likely to be interested in incremental change.
  • A focus on opportunity – entrepreneurs are interested in pursuing and exploiting significant opportunities.  They will expose (investor’s) resources to risk in order to do this.  Conventional managers are more likely to be interested in conserving resources and limiting the risk they are exposed to.
  • Organisation-wide management – entrepreneurs are concerned with managing their venture as an integrated whole.  Though they have an interest in functional areas of management, they may not explicitly distinguish different functional areas.  Conventional managers (up to the level of the CEO anyway) will have an interest in a particular functional area.

Like it? Share with your friends!

0
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected].

129 Comments


Warning: Undefined array key "html5" in /home/bmsnewco/public_html/wp-content/plugins/facebook-comments-plugin/class-frontend.php on line 140

Facebook comments:

This Website Is For Sale. Email us an offer we cannot refuse on [email protected] :)

X
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format