ENTERPRISE MANAGEMENT           1
Who or what is anENTREPRENEUR?   What do   entrepreneurs DO?     What are the essential skills?     How do they work?     ...
The supply Of Entrepreneurs                        Start-up   Conventional                                   Entrepreneurs...
The supply Of Entrepreneurs  Push factors                                 EntrepreneursConventionalLabour pool            ...
Motivations For Starting a Business“Pull Influences”   Desire for independence   Desire to exploit opportunity   Turnin...
Motivations For Starting a Business“Push Influences”   Redundancy   Threat of unemployment   Disagreement with the empl...
Entrepreneurship and the drive for change                      TensionThe Actual                                 The Possi...
Entrepreneurship and the drive for change           Tension in the entrepreneurial process -             The financial dim...
Entrepreneurial Ability in Individuals      These categories are:      Need for achievement      Need for autonomy/indepen...
Entrepreneurial personal     characteristics that can influence     performance   the ‘great’ person   social misfit   ...
The ‘great person’   Entrepreneurs may provide role    models   Success makes them look ‘great’    people   Caution: th...
Social misfit          A view that entrepreneurs:              are unable to fit into existing social              situa...
Personality type - a view that entrepreneurship    can be characterised into a small number of categories        extrover...
So what?   There are many myths about    ‘entrepreneurs’   They are not ‘born that way’   All of us can work in enterpr...
Enterprise   Enterprise is recognising a problem    or need as an opportunity   Finding or creating a solution   Acting...
Enterpreneurial working:       creating new value   Entrepreneurship is the activity of    identifying or creating market...
Entrepreneurship as unlocking   value‘making creative connections between needs/opportunitiesand capabilities/resources
Entrepreneurship inthe economy & society   Increasing value of innovation, technology, knowledge   Reducing costs & time...
Entrepreneurship andManagement   Entrepreneurship is focused on identifying    new opportunities, innovating, and acting ...
Entrepreneurialmanagement  Entrepreneurial working   Managerial working                             Strategic focus     ...
The conceptual landscape
Creativity   Divergent thinking generates new    associations & possibilities                   Ideas                    ...
Entrepreneurial innovation   Creates or exploits new opportunity   Provides unique or distinctive solution to    custome...
Opportunity centred entrepreneurshipProcess of how people learn whilst exploring   and working on an opportunity.It includ...
Opportunity centred entrepreneurship
The Entrepreneurial Process: action and success                         Opportunity                                       ...
The Entrepreneurial Process: action and success          Opportunity                                                    Su...
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Enterprise management 1 liverpool business club

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Enterprise management 1 liverpool business club

  1. 1. ENTERPRISE MANAGEMENT 1
  2. 2. Who or what is anENTREPRENEUR? What do entrepreneurs DO? What are the essential skills? How do they work? Can entrepreneurial behaviours be learned? What do you think?
  3. 3. The supply Of Entrepreneurs Start-up Conventional Entrepreneurs Labour pool Fall-out Wickham
  4. 4. The supply Of Entrepreneurs Push factors EntrepreneursConventionalLabour pool Pull factors Inhibitors Wickham
  5. 5. Motivations For Starting a Business“Pull Influences” Desire for independence Desire to exploit opportunity Turning an hobby into a business Financial incentive
  6. 6. Motivations For Starting a Business“Push Influences” Redundancy Threat of unemployment Disagreement with the employer
  7. 7. Entrepreneurship and the drive for change TensionThe Actual The Possible Tension in the entrepreneurial process Wickham
  8. 8. Entrepreneurship and the drive for change Tension in the entrepreneurial process - The financial dimension; The personal dimension; The social dimension Wickham
  9. 9. Entrepreneurial Ability in Individuals These categories are: Need for achievement Need for autonomy/independence Creativity Moderate/calculated risk taking Drive and determination
  10. 10. Entrepreneurial personal characteristics that can influence performance the ‘great’ person social misfit personality type personality trait social development
  11. 11. The ‘great person’ Entrepreneurs may provide role models Success makes them look ‘great’ people Caution: this should not deny entrepreneurial success to others
  12. 12. Social misfit  A view that entrepreneurs:  are unable to fit into existing social situations  are characterised by insecurity and lack of self-esteem  display rebellious and deviant  behaviourCaution: dangerous to generalise. For every entrepreneur who lived anunhappy childhood, another can be found who was quite comfortable.
  13. 13. Personality type - a view that entrepreneurship can be characterised into a small number of categories  extrovert vs introvert  aggressive vs passive  spontaneous vs reserved  internally vs externally orientedNote: practice shows that introverts are as likelyto be entrepreneurs as extroverts.
  14. 14. So what? There are many myths about ‘entrepreneurs’ They are not ‘born that way’ All of us can work in enterprising ways, if...  We want to  Are encouraged to by those around us - culture!  Are able to learn to
  15. 15. Enterprise Enterprise is recognising a problem or need as an opportunity Finding or creating a solution Acting to make it happen May be through a business venture or in another way - e.g. social enterprise
  16. 16. Enterpreneurial working: creating new value Entrepreneurship is the activity of identifying or creating market opportunities By bringing together resources in a venture and acting to exploit opportunities Resulting in the creation of new value:  Financial - as well as  Social  Creative  Technological  Environmental
  17. 17. Entrepreneurship as unlocking value‘making creative connections between needs/opportunitiesand capabilities/resources
  18. 18. Entrepreneurship inthe economy & society Increasing value of innovation, technology, knowledge Reducing costs & timescales for transferring data & materials - increase competitive opportunities Most big organisations no longer work effectively? (private & public sector) Big organisations control most valuable resources Entrepreneurship is seen as vital for economic regeneration - create innovations, demand, wealth, jobs? Entrepreneurs have to create opportunities, capture resources & grow business ventures
  19. 19. Entrepreneurship andManagement Entrepreneurship is focused on identifying new opportunities, innovating, and acting to exploit market opportunities Management is concerned with the direction, control, resourcing & administration of the business organisation BOTH are needed for a business enterprise to achieve long term success
  20. 20. Entrepreneurialmanagement Entrepreneurial working Managerial working  Strategic focus  Opportunity focus  Organisational  Rapid innovation synergy  Creating customer  Managing resources appeal  Managing  Challenge the relationships orthodox  Systematic value  management  Creation of new value
  21. 21. The conceptual landscape
  22. 22. Creativity Divergent thinking generates new associations & possibilities Ideas Solution Convergent thinking enables selection between alternatives
  23. 23. Entrepreneurial innovation Creates or exploits new opportunity Provides unique or distinctive solution to customer need Disruptive: changes the context (Schumpeter) Risk and uncertainty are prevalent conditions Timing and speed is critical Enhances the competitive advantage of the enterprise - shapes the future Assessed by economic and customer criteria
  24. 24. Opportunity centred entrepreneurshipProcess of how people learn whilst exploring and working on an opportunity.It includes four clusters of activities: Personal enterprise - connecting opportunities with goals and identity Creating & exploring opportunities Planning to realise opportunities Acting on opportunities
  25. 25. Opportunity centred entrepreneurship
  26. 26. The Entrepreneurial Process: action and success Opportunity Fit Focus The Entrepreneur Resources Organisation Configuration
  27. 27. The Entrepreneurial Process: action and success Opportunity Success Learning Entrepreneur Failure OutcomesResources Organisation Actions

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