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Entrepreneurship In Corporations


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A discussion on creating an entrepreneurial culture in corporations

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Entrepreneurship In Corporations

  1. 1. Entrepreneurship in Corporations The gateway to a new world of amazing possibilities
  2. 2. Key Characteristics of Entrepreneurs <ul><li>Innovative </li></ul><ul><li>Opportunity Seekers </li></ul><ul><li>Wealth Creators </li></ul><ul><li>Independent </li></ul><ul><li>Creative </li></ul><ul><li>Responsible </li></ul><ul><li>Own rather than pass the buck </li></ul><ul><li>Drive </li></ul><ul><li>Build leaders </li></ul><ul><li>Focus on possibilities </li></ul><ul><li>Question </li></ul><ul><li>Look for answers </li></ul><ul><li>Builders </li></ul><ul><li>Motivated </li></ul><ul><li>Inspire </li></ul><ul><li>Committment </li></ul>
  3. 3. Some key issues in corporations <ul><li>Lack of innovation within. </li></ul><ul><li>Culture of responsibility disowned. </li></ul><ul><li>Slow to move or change. </li></ul><ul><li>Focus on process not outcomes. </li></ul><ul><li>Dispassionate. </li></ul><ul><li>Lack of “soul”. </li></ul><ul><li>Adoption of fads hides resistance to innovative thinking. </li></ul>
  4. 4. Why entrepreneurship as an ethic? <ul><li>Creates opportunity for leadership development – Creating possibilities with responsibility. </li></ul><ul><li>Room to take on Emerging Business Opportunities (EBO) </li></ul><ul><li>Innovation from within. </li></ul><ul><li>Attracts the right people. </li></ul>
  5. 5. The Good to Great Matrix of Creative Discipline Culture of Discipline Ethic of Entrepreneurship High Low Low High Source – “Good to Great” - Jim Collins, 2001 Start Up Organisation Bureaucratic Organisation Great Organisation Hierarchical Organisation
  6. 6. Making Entrepreneurship Work <ul><li>Create a culture of discipline on an ethic of entrepreneurship. </li></ul><ul><li>Focus on high performance teams rather than individuals. </li></ul><ul><li>Ensure the “right people are on the bus”. </li></ul><ul><li>Appoint Mentors and coach staff. </li></ul><ul><li>Innovation and creativity rule. </li></ul>
  7. 7. What benefits <ul><li>Create the ability to lead the world. </li></ul><ul><li>Innovation coming from within. </li></ul><ul><li>Breed leaders. </li></ul><ul><li>Attract the best talent. </li></ul><ul><li>Opportunities for personal fulfilment. </li></ul><ul><li>The foundation for a great organisation. </li></ul><ul><li>Live in a world of possibilities. </li></ul>