This document discusses entrepreneurial intentions and corporate entrepreneurship. It defines entrepreneurial intentions as the motivational factors that influence individuals to pursue entrepreneurial outcomes. Intention is stronger when an action is perceived as feasible and desirable. It also discusses how education, age, work history, role models, and support systems influence entrepreneurial characteristics and intentions. Additionally, it contrasts managerial and entrepreneurial decision making, and provides steps to establish corporate entrepreneurship within an organization.
How Your Corporation Can Organize for InnovationDavid Bland
Innovation, innovation, innovation.
It is all you hear in meetings and all you read in business books and magazines. The confusing aspect behind all of this hype is that we rarely put thought into how we design environments so that innovation can emerge.
In this free 45 minute webinar, David J Bland a Principal Advisor at Neo San Francisco, will guide you through how corporations are funding, measuring and organizing for disruptive innovation.
How should I fund innovation? The pros and cons of horizon planning and incremental funding.
How do I measure innovation? Hint, it is not ROI. We'll cover the ins and outs of innovation accounting.
How will the teams organize for innovation? What are the working agreements between the team and leadership? What ceremonies should we have?
You'll leave this session with actionable advice on how you, as a leader, can effectively organize so that innovation will emerge within your corporation.
Attached is a slideshow that outlines the innovation and marketing strategy consulting services offered by Braden Kelley of Business Strategy Innovation.
How Your Corporation Can Organize for InnovationDavid Bland
Innovation, innovation, innovation.
It is all you hear in meetings and all you read in business books and magazines. The confusing aspect behind all of this hype is that we rarely put thought into how we design environments so that innovation can emerge.
In this free 45 minute webinar, David J Bland a Principal Advisor at Neo San Francisco, will guide you through how corporations are funding, measuring and organizing for disruptive innovation.
How should I fund innovation? The pros and cons of horizon planning and incremental funding.
How do I measure innovation? Hint, it is not ROI. We'll cover the ins and outs of innovation accounting.
How will the teams organize for innovation? What are the working agreements between the team and leadership? What ceremonies should we have?
You'll leave this session with actionable advice on how you, as a leader, can effectively organize so that innovation will emerge within your corporation.
Attached is a slideshow that outlines the innovation and marketing strategy consulting services offered by Braden Kelley of Business Strategy Innovation.
Startups are human institutions that are designed to deliver a new product or service under conditions of extreme uncertainty.
This report - part of the "Inspiring Route" project - analyses and understands the main themes related to Startup and The New Entrepreneurs through stories, examples, numbers, case studies
‘Startup India, Stand-up India’
“Can India be a ‘Startup Capital’? Can the youth in the states have the opportunities in the form of start-ups, with innovations, whether it be manufacturing, service sector or agriculture?
--- Narendra Modi, Prime Minister of India
India Government is promoting finance for Startup ventures and providing incentives to further boost entrepreneurship, manufacturing and job creation. The correct choice of business is an extremely essential step in the process of ‘being your own boss’. This handbook contains few formulations of cosmetic products, properties and manufacturing process with flow diagrams of various products. After gathering the above information of products, the decision of choosing an appropriate one will no longer be a cumbersome process.
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Icimt 2006 Managing And Organizing Innovation In Emerging New Knowledge Econo...Prof Parameshwar P Iyer
This study focused on 32 top managers in leading hi-tech, knowledge-based organizations in Bangalore, drawn both from corporate as well as academic world. The purpose of this study was to investigate how the CEO’s and Directors of these “knowledge citadels” look at productivity and innovation, in the years and decades to follow. The study was conducted by personally interviewing these corporate heads, seeking their expert opinions and solutions for coping with turbulences and complexities in the knowledge economy.
This paper presents the major findings of this survey study, concentrating on managerial implications at both the management level, as well as the organizing level. For instance, we have argued that creating the innovation-led organization may represent a viable solution for coping with the turbulence and complexity of the knowledge economy
Innovation, innovation, innovation. It's all you hear in meetings and all you read about in business books and magazines. The confusing aspect behind all of the innovation hype is that we rarely put thought behind how we design environments for which innovation can emerge. I've found that rarely does meaningful innovation occur when people are directly incentivized or tasked with doing so.
The best you can do as a leader, is empower your people and design an environment where innovation can emerge. In this talk, David J Bland will present real world examples of how corporations are organizing, measuring and leading through disruptive innovations to create their next generation of passionate customers. You'll leave this session with actionable advice on how you, as a leader, can effectively design for innovation to emerge within your company.
Learning Outcomes:
Actionable tools for designing an innovation strategy (4 actions framework)
A model for incremental funding (internal vc + horizon planning)
Working agreements and measures for progress (lean startup + innovation accounting)
Innovation Management in an Organisational SettingMohit Yadav
1. Innovation Management in Organisational Setting HS-401: Management of Organisational Behaviour
2. What is Innovation?
3. Everyday we some millions of dots that shape our notions and thinking
4. These notions help us in taking our decision and making future plans
5. Most of the traditional business is based on these dots and whole businesses are built on them
6. But some people see new dots that were either forgotten, misplaced or misinterpreted
7. These dots shape our notion and strike an out of the blue idea
8. Innovation
9. Business Survival As Alan M. Kantrow, editor of Harvard Business Review, once put it, "For companies to survive a discontinuity they must face the rather unpalatable reality that there may have to be fundamental changes in who they are, what they do, and how they do it, as wrenching and dislocating as it may be."
10. For Better Returns One American study found that the overall rate of return for some 17 successful innovations made in the 1970s averaged 56%! Compare that with the 16% average return on investment for all American business over the past 30 years.
11. Competitive Advantage Companies that use and act on their insights get a jump on the competition. They are the competition. They leave behind those that are lulled by the security of strong, enduring economic performance and the conventional corporate wisdom that stays the course. Often, the leader loses. The battle is swift; it's too late to respond. This is not a theory. It is fact.
12. Use of Technology • Utilization of technology • Technical skills and education • Technology strategy Innovation Process • Idea generation • Selection and evaluation Techniques • Implementation mechanism Corporate Strategy • Organizational strategy • Innovation strategy • Vision and goals of the organization • Strategic decision making
13. Management and Leadership • Management personalities • Management style • Motivation of employees • Role of leadership Organizational Structure • Organizational differentiation • Centralization • Formality
14. • Motivation to innovate • Employee skills and education • Employee personalities • Training Employees Resources • Utilization of slack resources • Planning and management of resources • Knowledge resources • Technology resources • Financial resources
15. Knowledge Management • Organizational learning • Knowledge of external environment • Utilization of knowledge repositories Organizational Culture • Communication • Collaboration • Attitude to risk • Attitude to innovation
16. Thank You
"Motivation: A different perspective" is written based on various literature review on sustainability of performance - organisational culture/behaviour/creativity/ people processes, motivation etc. It brings two specific perspectives: "SPLITS & CARE". My recent interaction with Balaji Prof C who has developed an interesting process known as "Causing Incredible Performance" with remarkable impact on people and organisations - mainly focusing on rewiring their internal voices has further validated my perspectives. Kindly provide your insights on it.
Primary Elements Of New-Venture Team | Entrepreneurship | Building a new vent...FaHaD .H. NooR
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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2. 2-2
The Intention to Act
Entrepreneurially
Entrepreneurial intentions - Motivational
factors that influence individuals to pursue
entrepreneurial outcomes.
Intention is stronger when an action is
perceived to be feasible and desirable.
Entrepreneurial self-efficacy - Conviction that
one can successfully execute the entrepreneurial
process.
Perceived desirability - The degree to which an
individual has a favorable or unfavorable
evaluation of the potential outcomes.
3. 2-3
Entrepreneur Background and
Characteristics
Education
Provides a background about starting a
business.
Helps in the development of communication
skills and problem-solving skills.
Provides individuals with a larger opportunity
set.
Does not determine whether an entrepreneur
will create a new business to exploit the
discovered opportunity.
4. 2-4
Entrepreneur Background and
Characteristics (cont.)
Age
Most entrepreneurs initiate their entrepreneurial
careers between the ages of 22 and 45.
Individuals are more inclined to start an
entrepreneurial career at milestone ages every
five years (25, 30, 35, 40, and 45).
Male entrepreneurs tend to start their ventures
in their early 30s, while women entrepreneurs
do so in their middle 30s.
5. 2-5
Work History
The decision to launch a new venture can be
influenced by:
Dissatisfaction with one’s job.
Previous technical and industry experience.
Managerial skills and entrepreneurial
experiences are also important once the venture
starts growing.
Previous start-up experience is a relatively good
predictor of starting subsequent businesses.
Entrepreneur Background and
Characteristics (cont.)
6. 2-6
Role Models and Support Systems
Role models - Individuals influencing an
entrepreneur’s career choice and style
Can be parents, family members, or other
entrepreneurs.
Successful entrepreneurs are viewed as
catalysts by potential entrepreneurs.
Role models can serve in a supportive capacity
as mentors by providing information, advice and
guidance.
Entrepreneurs need to establish connections and
networks in the venture formation process.
7. 2-7
Role Models and Support System
(cont.)
Moral-Support Network
It is important for entrepreneurs to have a
cheering squad—individuals who provide
psychological support.
Friends can provide honest advice,
encouragement, understanding, and assistance.
Relatives can be strong sources of moral
support, particularly if they are also
entrepreneurs.
8. 2-8
Professional-Support Network
Entrepreneurs need advice and counsel
throughout the establishment of the new
venture which can be obtained from:
Mentors.
Business associates.
Suppliers.
Trade associations.
Personal affiliations.
Entrepreneurial activity is embedded in networks
of interpersonal relationships.
Role Models and Support System
(cont.)
9. 2-9
Minority Entrepreneurs
There has been significant growth in:
Female self-employment, with women starting
new ventures at a higher rate than men.
The number of Asian, African American,
Hispanic, and Native American majority owned
firms.
This growth is likely to be spurred by:
Encouragement of entrepreneurship among
minority groups.
Increase in the number of role models.
10. 2-10
Entrepreneurial Intentions Within
Existing Organizations
Top management must create an
environment that encourages employees to
think and act entrepreneurially.
Employees will realize that entrepreneurial
action within the firm is both personally
desirable and feasible.
11. 2-11
Managerial Versus Entrepreneurial
Decision Making
Entrepreneurial management is distinct
from traditional management in terms of:
Strategic orientation.
Commitment to opportunity.
Commitment of resources.
Control of resources.
Management structure.
Reward philosophy.
Growth orientation.
Entrepreneurial culture.
13. 2-13
Managerial Versus Entrepreneurial
Decision Making (cont.)
Causes for Interest in Corporate
Entrepreneurship
Increasing interest in “doing your own thing”
and doing it on one’s terms.
New search for meaning and impatience has
caused more discontent in structured
organizations.
Organizations are encouraging corporate
entrepreneurship i.e. stimulating, and
capitalizing on, employees who think that
something can be done differently and better.
14. 2-14
Corporate entrepreneurship is most strongly
reflected in the following endeavors:
New business venturing (corporate venturing) - The
creation of a new business within an existing
organization.
Innovativeness - Product and service innovation, with
emphasis on development and innovation in
technology.
Self-renewal - Transformation through renewal of the
key ideas on which an organization is built.
Proactiveness - Includes initiative, risk taking,
competitive aggressiveness, and boldness.
Managerial Versus Entrepreneurial
Decision Making (cont.)
15. 2-15
Table 2.3 - Characteristics of an
Entrepreneurial Environment
16. 2-16
Table 2.4 - Leadership Characteristics
of a Corporate Entrepreneur
17. 2-17
Establishing Corporate
Entrepreneurship in the Organization
Step one:
Secure a commitment to corporate
entrepreneurship in the organization by top,
upper, and middle management levels.
Establish initial framework and embrace the
concept.
Identify, select, and train corporate
entrepreneurs.
18. 2-18
Step two:
Identify ideas and areas that top management is
interested in supporting.
Identify amount of risk money available to
develop the concept.
Establish overall program expectations and
target results of each corporate venture.
Establish mentor/sponsor system.
Step three:
Use of technology to ensure organizational
flexibility.
Establishing Corporate Entrepreneurship in
the Organization (cont.)
19. 2-19
Step four:
Identify interested managers to train employees
and share their experiences.
Step five:
Develop ways for the organization to get closer
to its customers.
Step six:
Learn to be more productive with fewer
resources.
Establishing Corporate Entrepreneurship in
the Organization (cont.)
20. 2-20
Step seven:
Establish a strong support structure for
corporate entrepreneurship.
Step eight:
Tie rewards to the performance of the
entrepreneurial unit.
Finally:
Implement an evaluation system that allows
successful entrepreneurial units to expand and
unsuccessful ones to be eliminated.
Establishing Corporate Entrepreneurship in
the Organization (cont.)
21. 2-21
Problems and Successful Efforts
A study found that new ventures started within
a corporation performed worse than those
started independently by entrepreneurs.
Reasons cited:
Corporation’s difficulty in maintaining a long-term
commitment.
A lack of freedom to make autonomous decisions.
A constrained environment.
On average, independent start-ups become:
Profitable twice as fast.
End up twice as profitable.
Establishing Corporate Entrepreneurship in
the Organization (cont.)
22. 2-22
Companies that have adopted their own version
of the implementation process to launch new
ventures successfully:
Minnesota Mining and Manufacturing (3M).
Hewlett-Packard (HP).
IBM.
Establishing Corporate Entrepreneurship in
the Organization (cont.)