A presentation on how entrepreneurial attitude can lead towards organisational excellence - an exploratory study based on secondary data

1. Understanding entrepreneurship:how being entrepreneurial thrives towards excellence! U. Sridevi ICSO, 14-15 May 2010 Institute of Management Technology, Ghaziabad 1

2. Present: Student, PGDM-Executive program from Institute of Management Technology, Ghaziabad [Specialization: Finance/Operations (Dual)] Past Experience: Over 8 years of experience in teaching/research/consultancy in education Highest qualification:M. Sc (Mathematics) Professional Interests:Research/Consulting Personal Interests: Reading, writing blogs, articles and short stories, solving Sudoku, playing table tennis & lawn tennis, Traveling 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 2 About the author U. Sridevi

3. Objective Methodology Findings Research Implications Social Implications 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 3 Abstract

4. Understanding of an organization Criticality of the role of an individual Understanding an individual Entrepreneur & entrepreneurial attitude, entrepreneur behavior Elements of an entrepreneurial organization Challenges in forming an entrepreneurial organization Recommendations & Conclusion 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 4 Flow of the paper

5. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 5 Organization Organization System Level Group Level Individual Level ‘A consciously coordinated social unit, composed of two or more people, that functions on a relatively continuous basis to achieve a common goal or a set of goals’

6. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 6 Emphasizing Individual’s study Organization System Level Group Level Individual Level Focus Values Culture Core ideology Structure

7. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 7 Study of an individual

8. Abilityis an individual’s capacity to perform the various tasks in a job Abilities are generally the strengths and weaknesses that an individual possesses inherently that could be intellectual, physical, biological Learning is a relatively permanent change in the behaviour that occurs as a result of experience This also depends on how an individual uses his or her experience Shaping is systematically reinforcing each successive step that moves an individual closer to the desired response 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 8 Study of an individual – Behavior

9. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 9 Study of an individual – Attitude

10. Major attitudes: Job satisfaction Job involvement Organizational commitment Psychological empowerment 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 10 Study of an individual – Attitude

11. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 11 Study of an individual – Personality Innate Innate Innate Developed personality Developed personality Developed personality Case (i) Case (ii) Case (iii)

12. Dictionary definition – ‘one who organises, manages, and assumes risks of a business or enterprise’ Idea – differentiator between ‘entrepreneur’ & ‘leader’? 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 12 Entrepreneur What does an Entrepreneur do

13. Figurehead Leader Liaison Monitor Disseminator Spokesperson Entrepreneur Disturbance Handler Resource allocator Negotiator 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 13 Mintzberg’s – what managers do? Interpersonal Entrepreneurial Informational Decisional

14. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 14 Study of an individual – Attitude

15. Risk-taking Internal locus of control Innovative Self-confident Vision Self-motivated Proactive Energetic Passionate Ability to face uncertainty 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 15 Entrepreneurial attitude Evident from ‘Stay Hungry Stay Foolish’

16. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 16 ‘Entrepreneur’ & ‘Entrepreneurial’ Hidden entrepreneurial attitude in every individual Entrepreneur mentors facilitating being ‘entrepreneurial’

18. Education

19. Training

20. Mentoring

21. EnvironmentDevelop born entrepreneur into a successful visionary leader BORN Entrepreneur Not force at all, the born entrepreneur remains Forms into individual with an entrepreneurial attitude

23. Education

24. Training

25. Mentoring

28. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 21 Elements of an entrepreneurial organization Productivity frontier (state of best practice) High Non price buyer value delivered Low Low High Relative cost position Free thought-process of employees Free exchange of ideas Debates ‘agreement to disagree’ Employee belongingness High perceived organization support Growth – tangible and intangible measures Productivity frontier

29. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 22 Entrepreneurial organization – challenges

30. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 23 Recommendations

31. Would everybody become an ‘entrepreneur’? Everybody can become ‘entrepreneurial’ but not ‘entrepreneurs’ – not all are outliers ‘Follow’ if not ‘become’ 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 24 Conclusion

32. Robbins, Stephen P., Judge, Timothy A., SanghiSeema (2009). Organizational Behaviour. Pearson Education, Prentice Hall Collins, James & Porras, Jerry (1994). Built to Last: Successful Habits of Visionary Companies. Harper Business. Gladwell, Malcolm (2008). Outliers. Penguin Books. Managing Creativity and Innovation. (2003). Boston, Mass.: Harvard Business School Press. ‘What is Strategy?’, Michael E Porter, Harvard Business Review, Nov-Dec 1996. 'Innovation: The Classic Traps’, Rosabeth Moss Canter, Harvard Business Review, Nov 2006. ‘The Ethical Mind’, H Gardner, Harvard Business Review, Mar 2007. DeSimone, L. D.; Hatsopoulos, George N.; O'Brien, William F.; Harris, Bill; Holt, Charles P. How Can Big Companies Keep the Entrepreneurial Spirits Alive? Harvard Business Review, Nov/Dec 95, Vol. 73 Issue 6, p183-189 Nancy M. Levenburg & Thomas V. Schwarz (2008). Entrepreneurial Orientation among the Youth of India: The Impact of Culture, Education and Environment. The Journal of Entrepreneurship, Vol. 17, Issue 1, p15–35. Bansal, Rashmi (2008). Stay hungry, stay foolish. Mumbai. Jam Venture Publishing. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 25 References

33. 15 May 2010 U. Sridevi ICSO, 14-15 May 2010 @ IMT Gzb 26