SlideShare a Scribd company logo
Building blocks of entrepreneurial
organization: Lessons from
culture cultivation in startups
Protima Sharma
Managing Partner, PeopleWiz Consulting
December 2016
654
321
Introduction
2
Most organizations begin their
evolution by innovating but tend to
lose the entrepreneurial spirit as
controlling growth takes precedence.
The relationship between innovation
& entrepreneurial culture is well
established in research and practice.
This paper explores the tools that
can be used by a leader to create an
entrepreneurial organization.
An entrepreneurial culture is defined
as a pattern of values, assumptions,
and practices shared within an
organization, that is centrally
concerned with opportunities, where
opportunity is the creation of new
value to society in part or in whole
(Wong, 2014).
Successful startups are able to
stimulate creativity and initiative by
building focus on opportunities, the
essence of an entrepreneurial
culture.
In an era where ‘Differentiation
through innovation’ is a key theme
for businesses (KPMG India CEO
outlook 2016), building an
entrepreneurial culture can provide a
fertile ground for innovative product
or service ideas.
This paper proposes a 5-point
framework of an entrepreneurial
culture based on study of practices,
environment and way of working in
startups.
ISABS OD Conclave
START Framework:
Building Blocks of Entrepreneurial Culture
3
designed for
Speed
Technology as
the foundation
Active
Experimentation
collborative
Relationships
Training
through networks
START model provides a framework to understand entrepreneurial culture and insights into how such a
culture can be cultivated. It shows what is valued the most by an entrepreneurial culture which
can be a ready reckoner for a leader trying to cultivate such a culture in his or her organization.
ISABS OD Conclave
Implication for large organizations
4
The innovative way of working,
resourcefulness and enterprising nature
of a startup can provide meaningful
lessons to a large company that is trying
to shed its hierarchical legacy for an
entrepreneurial spirit. The following can
be a good start
›  Successful startups show us time and again that it's the commercial ingenuity of an idea
based on available technology that creates lasting impact.
›  Xerox regularly places marketing people in research and lab managers to understand
customer needs. They train R&D personnel in business management principles to be able to
create managers that know how to commercialize technology
Build a business oriented technology mindset
›  Intuit encourages people to take intelligent business risks by rewarding efforts in addition to
results.
›  Organizations that inculcate appreciation for taking failure in your stride and attempting again
can create space for innovation to survive.
Along with success, also reward intelligent failure
›  Because 3M was founded in the rural Midwest, many early researchers had farming
backgrounds. They had studied science or engineering, but they grew up knowing that if the
tractor broke in the field, you figured out a way to fix it. If you didn’t have the right tool, you
made it.
›  Entrepreneurial organizations create empowered and independent employees that
collaborate amongst one another to teach, learn, share and create.
Teach collaboration but breed independence
›  If 2 pizzas cannot feed a team, it’s too large to be productive.
›  Spin out strategy of Thermo Electron created multiple smaller organizations within a parent
company to give shape and strength to innovative employee ideas.
›  Intuit believes in creating multiple smaller decision making divisions to keep innovation alive.
Small is beautiful
ISABS OD Conclave

More Related Content

What's hot

Creating a sustainable culture of high performance
Creating a sustainable culture of high performanceCreating a sustainable culture of high performance
Creating a sustainable culture of high performance
aAdvantage Consulting Group Pte Ltd
 
Competency Framework for R&D function in Agri-business
Competency Framework for R&D function in Agri-businessCompetency Framework for R&D function in Agri-business
Competency Framework for R&D function in Agri-business
PeopleWiz Consulting
 
The Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy BrochureThe Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy Brochure
The RBL Group
 
Quick Points on Team Building and Group Dynamics
Quick Points on Team Building and Group DynamicsQuick Points on Team Building and Group Dynamics
Quick Points on Team Building and Group Dynamics
Sshailesh L. Prajapati
 
Emerging role of hr as a business partner
Emerging role of hr as a business partnerEmerging role of hr as a business partner
Emerging role of hr as a business partner
Sneha S
 
Adidas HR strategy
Adidas HR strategyAdidas HR strategy
Adidas HR strategy
Mikhail Parfentev
 
The Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy BrochureThe Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy Brochure
The RBL Group
 
Creating creative global leaders
Creating creative global leadersCreating creative global leaders
Creating creative global leaders
Vinod Bidwaik
 
Global Hr Strategy & Approach
Global Hr Strategy & ApproachGlobal Hr Strategy & Approach
Global Hr Strategy & Approach
Mauro Calcano
 
Developing a winning strategy for hr in 2021 final
Developing a winning strategy for hr in 2021 finalDeveloping a winning strategy for hr in 2021 final
Developing a winning strategy for hr in 2021 final
Dr. Mohamed Rabie Elsheikh
 
Innovation in HR Architecture
Innovation in HR ArchitectureInnovation in HR Architecture
Innovation in HR Architecture
Samanthawva
 
Creating a High Performance Culture for Competitive Advantage
Creating a High Performance Culture for Competitive AdvantageCreating a High Performance Culture for Competitive Advantage
Creating a High Performance Culture for Competitive Advantage
Joydeep Hor
 
Basic HR Architecture
Basic HR ArchitectureBasic HR Architecture
Basic HR Architecture
Tom Haak
 
Connecting to the Business Strategy & Defining the People Strategy
Connecting to the Business Strategy  & Defining the People StrategyConnecting to the Business Strategy  & Defining the People Strategy
Connecting to the Business Strategy & Defining the People Strategyaviva gatt
 
Strengthen HR Capability
Strengthen HR CapabilityStrengthen HR Capability
Strengthen HR CapabilityLead Po
 
How to establish a strong Strategic Workforce Plan
How to establish a strong Strategic Workforce PlanHow to establish a strong Strategic Workforce Plan
How to establish a strong Strategic Workforce Plan
TalMix
 
Global talent management
Global talent managementGlobal talent management
Global talent management
Dr. Renjith krishnan. K
 
Vodafone People Strategy
Vodafone People StrategyVodafone People Strategy
Vodafone People Strategy
Marcus Vannini
 
What makes an Exceptional HR Business Partner?
What makes an Exceptional HR Business Partner?What makes an Exceptional HR Business Partner?
What makes an Exceptional HR Business Partner?
Shorebird RPO
 

What's hot (20)

Creating a sustainable culture of high performance
Creating a sustainable culture of high performanceCreating a sustainable culture of high performance
Creating a sustainable culture of high performance
 
Competency Framework for R&D function in Agri-business
Competency Framework for R&D function in Agri-businessCompetency Framework for R&D function in Agri-business
Competency Framework for R&D function in Agri-business
 
The Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy BrochureThe Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy Brochure
 
Quick Points on Team Building and Group Dynamics
Quick Points on Team Building and Group DynamicsQuick Points on Team Building and Group Dynamics
Quick Points on Team Building and Group Dynamics
 
Emerging role of hr as a business partner
Emerging role of hr as a business partnerEmerging role of hr as a business partner
Emerging role of hr as a business partner
 
Adidas HR strategy
Adidas HR strategyAdidas HR strategy
Adidas HR strategy
 
The Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy BrochureThe Dave Ulrich HR Academy Brochure
The Dave Ulrich HR Academy Brochure
 
Creating creative global leaders
Creating creative global leadersCreating creative global leaders
Creating creative global leaders
 
Global Hr Strategy & Approach
Global Hr Strategy & ApproachGlobal Hr Strategy & Approach
Global Hr Strategy & Approach
 
Developing a winning strategy for hr in 2021 final
Developing a winning strategy for hr in 2021 finalDeveloping a winning strategy for hr in 2021 final
Developing a winning strategy for hr in 2021 final
 
Brian Goulden HR4 ICT12
Brian Goulden HR4 ICT12Brian Goulden HR4 ICT12
Brian Goulden HR4 ICT12
 
Innovation in HR Architecture
Innovation in HR ArchitectureInnovation in HR Architecture
Innovation in HR Architecture
 
Creating a High Performance Culture for Competitive Advantage
Creating a High Performance Culture for Competitive AdvantageCreating a High Performance Culture for Competitive Advantage
Creating a High Performance Culture for Competitive Advantage
 
Basic HR Architecture
Basic HR ArchitectureBasic HR Architecture
Basic HR Architecture
 
Connecting to the Business Strategy & Defining the People Strategy
Connecting to the Business Strategy  & Defining the People StrategyConnecting to the Business Strategy  & Defining the People Strategy
Connecting to the Business Strategy & Defining the People Strategy
 
Strengthen HR Capability
Strengthen HR CapabilityStrengthen HR Capability
Strengthen HR Capability
 
How to establish a strong Strategic Workforce Plan
How to establish a strong Strategic Workforce PlanHow to establish a strong Strategic Workforce Plan
How to establish a strong Strategic Workforce Plan
 
Global talent management
Global talent managementGlobal talent management
Global talent management
 
Vodafone People Strategy
Vodafone People StrategyVodafone People Strategy
Vodafone People Strategy
 
What makes an Exceptional HR Business Partner?
What makes an Exceptional HR Business Partner?What makes an Exceptional HR Business Partner?
What makes an Exceptional HR Business Partner?
 

Similar to Building Blocks of Entrepreneurial Organization, ISABS December 16 Paper

Module 5 - Collaborating for success
Module 5 - Collaborating for successModule 5 - Collaborating for success
Module 5 - Collaborating for success
caniceconsulting
 
Strategic Mentoring [White Paper]
Strategic Mentoring [White Paper]Strategic Mentoring [White Paper]
Strategic Mentoring [White Paper]
INNOVATION COPILOTS
 
Intrapreneurship final
Intrapreneurship finalIntrapreneurship final
Intrapreneurship final
Japji Kaur
 
Innovation model for organizations
Innovation model for organizationsInnovation model for organizations
Innovation model for organizations
Mercy Akinseinde
 
IEEE Workshop on Intrapreneurship
IEEE Workshop on IntrapreneurshipIEEE Workshop on Intrapreneurship
IEEE Workshop on Intrapreneurship
Tathagat Varma
 
Baton cbs casper pdf-spreads-01
Baton cbs casper pdf-spreads-01Baton cbs casper pdf-spreads-01
Baton cbs casper pdf-spreads-01Lena Azimi
 
Intrapreneurship
IntrapreneurshipIntrapreneurship
Intrapreneurship
Dr. Syed Kashan Ali Shah
 
The Rising Startups In India Edition 2 2022.pdf
The Rising Startups In India Edition 2 2022.pdfThe Rising Startups In India Edition 2 2022.pdf
The Rising Startups In India Edition 2 2022.pdf
insightssuccess2
 
Enterprations Weekly Strategy, Number 1 April, 2017
Enterprations Weekly Strategy, Number 1 April, 2017Enterprations Weekly Strategy, Number 1 April, 2017
Enterprations Weekly Strategy, Number 1 April, 2017
Mutiu Iyanda, mMBA, ASM
 
Innovation Culture - MITID Innovation
Innovation Culture - MITID InnovationInnovation Culture - MITID Innovation
Innovation Culture - MITID Innovation
Pankaj Deshpande
 
Five ways to sustainability
Five ways to sustainabilityFive ways to sustainability
Five ways to sustainability
Rolling Plans Pvt. Ltd.
 
HR department and Creativity
HR department and CreativityHR department and Creativity
HR department and Creativity
Prantika Ghosh
 
Leading Change: The Intrapreneur Way!
Leading Change: The Intrapreneur Way!Leading Change: The Intrapreneur Way!
Leading Change: The Intrapreneur Way!
MCCIA Pune
 
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial EnvironmentsGROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
led4lgus
 
innovation.ppt
innovation.pptinnovation.ppt
innovation.ppt
VenugopalNair22
 
innovation.ppt
innovation.pptinnovation.ppt
innovation.ppt
YanuarWijayanto1
 
Innovation
InnovationInnovation
Innovation
Seema Memon
 
Kismet Brochure Main
Kismet Brochure MainKismet Brochure Main
Kismet Brochure MainDerek Jooste
 

Similar to Building Blocks of Entrepreneurial Organization, ISABS December 16 Paper (20)

Module 5 - Collaborating for success
Module 5 - Collaborating for successModule 5 - Collaborating for success
Module 5 - Collaborating for success
 
Strategic Mentoring [White Paper]
Strategic Mentoring [White Paper]Strategic Mentoring [White Paper]
Strategic Mentoring [White Paper]
 
Intrapreneurship final
Intrapreneurship finalIntrapreneurship final
Intrapreneurship final
 
Innovation model for organizations
Innovation model for organizationsInnovation model for organizations
Innovation model for organizations
 
IEEE Workshop on Intrapreneurship
IEEE Workshop on IntrapreneurshipIEEE Workshop on Intrapreneurship
IEEE Workshop on Intrapreneurship
 
Baton cbs casper pdf-spreads-01
Baton cbs casper pdf-spreads-01Baton cbs casper pdf-spreads-01
Baton cbs casper pdf-spreads-01
 
Intrapreneurship
IntrapreneurshipIntrapreneurship
Intrapreneurship
 
The Rising Startups In India Edition 2 2022.pdf
The Rising Startups In India Edition 2 2022.pdfThe Rising Startups In India Edition 2 2022.pdf
The Rising Startups In India Edition 2 2022.pdf
 
Enterprations Weekly Strategy, Number 1 April, 2017
Enterprations Weekly Strategy, Number 1 April, 2017Enterprations Weekly Strategy, Number 1 April, 2017
Enterprations Weekly Strategy, Number 1 April, 2017
 
Startup outreach
Startup outreachStartup outreach
Startup outreach
 
Innovation Culture - MITID Innovation
Innovation Culture - MITID InnovationInnovation Culture - MITID Innovation
Innovation Culture - MITID Innovation
 
Five ways to sustainability
Five ways to sustainabilityFive ways to sustainability
Five ways to sustainability
 
HR department and Creativity
HR department and CreativityHR department and Creativity
HR department and Creativity
 
Final proposal of workshop
Final proposal of workshopFinal proposal of workshop
Final proposal of workshop
 
Leading Change: The Intrapreneur Way!
Leading Change: The Intrapreneur Way!Leading Change: The Intrapreneur Way!
Leading Change: The Intrapreneur Way!
 
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial EnvironmentsGROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
 
innovation.ppt
innovation.pptinnovation.ppt
innovation.ppt
 
innovation.ppt
innovation.pptinnovation.ppt
innovation.ppt
 
Innovation
InnovationInnovation
Innovation
 
Kismet Brochure Main
Kismet Brochure MainKismet Brochure Main
Kismet Brochure Main
 

More from PeopleWiz Consulting

WEBINAR : PeopleWiz-Reconfig
WEBINAR : PeopleWiz-ReconfigWEBINAR : PeopleWiz-Reconfig
WEBINAR : PeopleWiz-Reconfig
PeopleWiz Consulting
 
HR & Culture transformation for a leading NBFC
HR & Culture transformation for a leading NBFCHR & Culture transformation for a leading NBFC
HR & Culture transformation for a leading NBFC
PeopleWiz Consulting
 
Transformation journey of a leading NBFC
Transformation journey of a leading NBFCTransformation journey of a leading NBFC
Transformation journey of a leading NBFC
PeopleWiz Consulting
 
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
PeopleWiz Consulting
 
Managing Employee Cost during Covid-19 Crisis
Managing Employee Cost during Covid-19 CrisisManaging Employee Cost during Covid-19 Crisis
Managing Employee Cost during Covid-19 Crisis
PeopleWiz Consulting
 
Leadership Competency Framework for Mining company
Leadership Competency Framework for Mining companyLeadership Competency Framework for Mining company
Leadership Competency Framework for Mining company
PeopleWiz Consulting
 
360 Degree Leadership Feedback Survey
360 Degree Leadership Feedback Survey 360 Degree Leadership Feedback Survey
360 Degree Leadership Feedback Survey
PeopleWiz Consulting
 
Organization Design for Cybersecurity Company
Organization Design for Cybersecurity CompanyOrganization Design for Cybersecurity Company
Organization Design for Cybersecurity Company
PeopleWiz Consulting
 
Competency framework for IT organization
Competency framework for IT organizationCompetency framework for IT organization
Competency framework for IT organization
PeopleWiz Consulting
 
Crucial conversations: Talking when stakes are high
Crucial conversations: Talking when stakes are highCrucial conversations: Talking when stakes are high
Crucial conversations: Talking when stakes are high
PeopleWiz Consulting
 
Business transformation of a kids fashion brand
Business transformation of a kids fashion brandBusiness transformation of a kids fashion brand
Business transformation of a kids fashion brand
PeopleWiz Consulting
 
Organization Design for Expansion & Growth
Organization Design for Expansion & GrowthOrganization Design for Expansion & Growth
Organization Design for Expansion & Growth
PeopleWiz Consulting
 
Employee Separation
Employee SeparationEmployee Separation
Employee Separation
PeopleWiz Consulting
 
Compliance
ComplianceCompliance
Code of Conduct
Code of ConductCode of Conduct
Code of Conduct
PeopleWiz Consulting
 
Expenses Reimbursement
Expenses ReimbursementExpenses Reimbursement
Expenses Reimbursement
PeopleWiz Consulting
 
Working Hours & Leave Policy
Working Hours & Leave PolicyWorking Hours & Leave Policy
Working Hours & Leave Policy
PeopleWiz Consulting
 
Compensation
CompensationCompensation
Compensation
PeopleWiz Consulting
 
Induction/Orientation
Induction/OrientationInduction/Orientation
Induction/Orientation
PeopleWiz Consulting
 

More from PeopleWiz Consulting (20)

WEBINAR : PeopleWiz-Reconfig
WEBINAR : PeopleWiz-ReconfigWEBINAR : PeopleWiz-Reconfig
WEBINAR : PeopleWiz-Reconfig
 
HR & Culture transformation for a leading NBFC
HR & Culture transformation for a leading NBFCHR & Culture transformation for a leading NBFC
HR & Culture transformation for a leading NBFC
 
Transformation journey of a leading NBFC
Transformation journey of a leading NBFCTransformation journey of a leading NBFC
Transformation journey of a leading NBFC
 
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
Reimagining the Workplace pot Covid-19 - Structure, Roles, Practices, Compete...
 
Managing Employee Cost during Covid-19 Crisis
Managing Employee Cost during Covid-19 CrisisManaging Employee Cost during Covid-19 Crisis
Managing Employee Cost during Covid-19 Crisis
 
Leadership Competency Framework for Mining company
Leadership Competency Framework for Mining companyLeadership Competency Framework for Mining company
Leadership Competency Framework for Mining company
 
360 Degree Leadership Feedback Survey
360 Degree Leadership Feedback Survey 360 Degree Leadership Feedback Survey
360 Degree Leadership Feedback Survey
 
Organization Design for Cybersecurity Company
Organization Design for Cybersecurity CompanyOrganization Design for Cybersecurity Company
Organization Design for Cybersecurity Company
 
Competency framework for IT organization
Competency framework for IT organizationCompetency framework for IT organization
Competency framework for IT organization
 
Crucial conversations: Talking when stakes are high
Crucial conversations: Talking when stakes are highCrucial conversations: Talking when stakes are high
Crucial conversations: Talking when stakes are high
 
Business transformation of a kids fashion brand
Business transformation of a kids fashion brandBusiness transformation of a kids fashion brand
Business transformation of a kids fashion brand
 
Organization Design for Expansion & Growth
Organization Design for Expansion & GrowthOrganization Design for Expansion & Growth
Organization Design for Expansion & Growth
 
Culture
CultureCulture
Culture
 
Employee Separation
Employee SeparationEmployee Separation
Employee Separation
 
Compliance
ComplianceCompliance
Compliance
 
Code of Conduct
Code of ConductCode of Conduct
Code of Conduct
 
Expenses Reimbursement
Expenses ReimbursementExpenses Reimbursement
Expenses Reimbursement
 
Working Hours & Leave Policy
Working Hours & Leave PolicyWorking Hours & Leave Policy
Working Hours & Leave Policy
 
Compensation
CompensationCompensation
Compensation
 
Induction/Orientation
Induction/OrientationInduction/Orientation
Induction/Orientation
 

Recently uploaded

April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
Bojamma2
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
taqyed
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
AUDIJEAngelo
 
Filing Your Delaware Franchise Tax A Detailed Guide
Filing Your Delaware Franchise Tax A Detailed GuideFiling Your Delaware Franchise Tax A Detailed Guide
Filing Your Delaware Franchise Tax A Detailed Guide
YourLegal Accounting
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
my Pandit
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
awaisafdar
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
fakeloginn69
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
Naaraayani Minerals Pvt.Ltd
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
BBPMedia1
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
Ben Wann
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
HumanResourceDimensi1
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
Workforce Group
 

Recently uploaded (20)

April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
The-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic managementThe-McKinsey-7S-Framework. strategic management
The-McKinsey-7S-Framework. strategic management
 
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
一比一原版加拿大渥太华大学毕业证(uottawa毕业证书)如何办理
 
chapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxationchapter 10 - excise tax of transfer and business taxation
chapter 10 - excise tax of transfer and business taxation
 
Filing Your Delaware Franchise Tax A Detailed Guide
Filing Your Delaware Franchise Tax A Detailed GuideFiling Your Delaware Franchise Tax A Detailed Guide
Filing Your Delaware Franchise Tax A Detailed Guide
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxTaurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptx
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...The Parable of the Pipeline a book every new businessman or business student ...
The Parable of the Pipeline a book every new businessman or business student ...
 
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptxCADAVER AS OUR FIRST TEACHER anatomt in your.pptx
CADAVER AS OUR FIRST TEACHER anatomt in your.pptx
 
Role of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in MiningRole of Remote Sensing and Monitoring in Mining
Role of Remote Sensing and Monitoring in Mining
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...
 
Improving profitability for small business
Improving profitability for small businessImproving profitability for small business
Improving profitability for small business
 
What are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdfWhat are the main advantages of using HR recruiter services.pdf
What are the main advantages of using HR recruiter services.pdf
 
Cracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptxCracking the Workplace Discipline Code Main.pptx
Cracking the Workplace Discipline Code Main.pptx
 

Building Blocks of Entrepreneurial Organization, ISABS December 16 Paper

  • 1. Building blocks of entrepreneurial organization: Lessons from culture cultivation in startups Protima Sharma Managing Partner, PeopleWiz Consulting December 2016
  • 2. 654 321 Introduction 2 Most organizations begin their evolution by innovating but tend to lose the entrepreneurial spirit as controlling growth takes precedence. The relationship between innovation & entrepreneurial culture is well established in research and practice. This paper explores the tools that can be used by a leader to create an entrepreneurial organization. An entrepreneurial culture is defined as a pattern of values, assumptions, and practices shared within an organization, that is centrally concerned with opportunities, where opportunity is the creation of new value to society in part or in whole (Wong, 2014). Successful startups are able to stimulate creativity and initiative by building focus on opportunities, the essence of an entrepreneurial culture. In an era where ‘Differentiation through innovation’ is a key theme for businesses (KPMG India CEO outlook 2016), building an entrepreneurial culture can provide a fertile ground for innovative product or service ideas. This paper proposes a 5-point framework of an entrepreneurial culture based on study of practices, environment and way of working in startups. ISABS OD Conclave
  • 3. START Framework: Building Blocks of Entrepreneurial Culture 3 designed for Speed Technology as the foundation Active Experimentation collborative Relationships Training through networks START model provides a framework to understand entrepreneurial culture and insights into how such a culture can be cultivated. It shows what is valued the most by an entrepreneurial culture which can be a ready reckoner for a leader trying to cultivate such a culture in his or her organization. ISABS OD Conclave
  • 4. Implication for large organizations 4 The innovative way of working, resourcefulness and enterprising nature of a startup can provide meaningful lessons to a large company that is trying to shed its hierarchical legacy for an entrepreneurial spirit. The following can be a good start ›  Successful startups show us time and again that it's the commercial ingenuity of an idea based on available technology that creates lasting impact. ›  Xerox regularly places marketing people in research and lab managers to understand customer needs. They train R&D personnel in business management principles to be able to create managers that know how to commercialize technology Build a business oriented technology mindset ›  Intuit encourages people to take intelligent business risks by rewarding efforts in addition to results. ›  Organizations that inculcate appreciation for taking failure in your stride and attempting again can create space for innovation to survive. Along with success, also reward intelligent failure ›  Because 3M was founded in the rural Midwest, many early researchers had farming backgrounds. They had studied science or engineering, but they grew up knowing that if the tractor broke in the field, you figured out a way to fix it. If you didn’t have the right tool, you made it. ›  Entrepreneurial organizations create empowered and independent employees that collaborate amongst one another to teach, learn, share and create. Teach collaboration but breed independence ›  If 2 pizzas cannot feed a team, it’s too large to be productive. ›  Spin out strategy of Thermo Electron created multiple smaller organizations within a parent company to give shape and strength to innovative employee ideas. ›  Intuit believes in creating multiple smaller decision making divisions to keep innovation alive. Small is beautiful ISABS OD Conclave