SlideShare a Scribd company logo
MOD001093MOD001093
ENTREPRENEURSHIP ANDENTREPRENEURSHIP AND
INNOVATION:INNOVATION:
INTRAPRENEURSHIP ININTRAPRENEURSHIP IN
LARGE ORGANISATIONSLARGE ORGANISATIONS
Prof.Stephen OngProf.Stephen Ong
BSc(Hons)Econs (LSE), MBA (Bradford)BSc(Hons)Econs (LSE), MBA (Bradford)
Visiting Professor, Shenzhen UniversityVisiting Professor, Shenzhen University
Academic Fellow, Entrepreneurship & Innovation,Academic Fellow, Entrepreneurship & Innovation,
The Lord Ashcroft International Business School, AngliaThe Lord Ashcroft International Business School, Anglia
Ruskin University Cambridge UKRuskin University Cambridge UK
MBA ANGLIA RUSKIN UNIVERSITYMBA ANGLIA RUSKIN UNIVERSITY
Today’s OverviewToday’s Overview
LEARNING OBJECTIVESLEARNING OBJECTIVES
1.1. To examine Pinchot’sTo examine Pinchot’s
“intrapreneur” type“intrapreneur” type
2.2. To compare and contrastTo compare and contrast
classical “manager” andclassical “manager” and
“entrepreneur” attributes“entrepreneur” attributes
3.3. To discuss corporateTo discuss corporate
entrepreneurship;entrepreneurship;
INTRAPRENEURSHIPINTRAPRENEURSHIP
Intrapreneurship (Pinchot)Intrapreneurship (Pinchot)
 Entrepreneurial typesEntrepreneurial types are found inside largeare found inside large
organisations, not only in start-up andorganisations, not only in start-up and growinggrowing
SMEs.SMEs.
 Pinchot (between 1978 and 1985) coined the termPinchot (between 1978 and 1985) coined the term
“intrapreneur”.“intrapreneur”.
 These individuals show many entrepreneurialThese individuals show many entrepreneurial
traits, yet are able to operate inside largetraits, yet are able to operate inside large
organisations.organisations.
 They are often the source of creativity and newThey are often the source of creativity and new
ideas and innovation.ideas and innovation.
 Some large companies make room for them inSome large companies make room for them in
special teams.special teams.
IntrapreneurshipIntrapreneurship
(Pinchot)(Pinchot)
THE ROLE OFTHE ROLE OF
ENTREPRENEURSENTREPRENEURS
HIP IN LARGEHIP IN LARGE
ORGANISATIONSORGANISATIONS
Comparison of Managers, EntrepreneursComparison of Managers, Entrepreneurs
& Intrapreneurs (Hisrich & Peters)& Intrapreneurs (Hisrich & Peters)
Growth in OrganisationsGrowth in Organisations
(Greiner, 1972, 1999)(Greiner, 1972, 1999)
1. CREATIVITY
PHASE
2. DIRECTION
PHASE
3. DELEGATION
PHASE
4. COORDINATION
PHASE
5. COLLABORATIO
N PHASE
1.Disrupted by a
leadership crisis
2.Disrupted by a crisis of
autonomy
3.Disrupted by a crisis of
control
4.Disrupted by red tape
5.Disrupted by ?
CORPORATECORPORATE
ENTREPRENEURSHIPENTREPRENEURSHIP
How Entrepreneurial is theHow Entrepreneurial is the
Management of your Firm?Management of your Firm?
Brown,T., Davidson,P. & Wiklund,J. (2001) “AnBrown,T., Davidson,P. & Wiklund,J. (2001) “An
Operationalization of Stevenson’s Conceptualisation ofOperationalization of Stevenson’s Conceptualisation of
Entrepreneurship as Opportunity-Based Firm Behaviour”Entrepreneurship as Opportunity-Based Firm Behaviour”
Strategic Management Journal 22Strategic Management Journal 22
QUIZ : STRATEGICQUIZ : STRATEGIC
ORIENTATIONORIENTATION
QUIZ : RESOURCE ORIENTATIONQUIZ : RESOURCE ORIENTATION
QUIZ : MANAGEMENT STRUCTUREQUIZ : MANAGEMENT STRUCTURE
QUIZ : REWARD PHILOSOPHYQUIZ : REWARD PHILOSOPHY
QUIZ : GROWTHQUIZ : GROWTH
ORIENTATIONORIENTATION
QUIZ : ENTREPRENEURIALQUIZ : ENTREPRENEURIAL
CULTURECULTURE
Dimensions of EntrepreneurshipDimensions of Entrepreneurship
in Firms(H.Stephenson)in Firms(H.Stephenson)
1.1.Strategic orientationStrategic orientation
2.2.Commitment to opportunityCommitment to opportunity
3.3.Commitment of resourcesCommitment of resources
4.4.Control of resourcesControl of resources
5.5.Management structureManagement structure
6.6.Reward philosophyReward philosophy
7.7.Growth orientationGrowth orientation
8.8.Entrepreneurial CultureEntrepreneurial Culture
1. CORPORATE DIMENSION :1. CORPORATE DIMENSION :
STRATEGIC ORIENTATIONSTRATEGIC ORIENTATION
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Driven byDriven by
perception ofperception of
OpportunityOpportunity
 Driven byDriven by
controlledcontrolled
ResourcesResources
A focus on those factors that areA focus on those factors that are
inputs into the formulation ofinputs into the formulation of
the firm’s strategythe firm’s strategy
2. CORPORATE DIMENSION :2. CORPORATE DIMENSION :
COMMITMENT TO OPPORTUNITYCOMMITMENT TO OPPORTUNITY
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 RevolutionaryRevolutionary
with shortwith short
durationduration
 EvolutionaryEvolutionary
with longwith long
durationduration
A commitment to taking actionA commitment to taking action
on potential opportunitieson potential opportunities
3. CORPORATE DIMENSION :3. CORPORATE DIMENSION :
COMMITMENT TO RESOURCESCOMMITMENT TO RESOURCES
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Many stagesMany stages
with minimalwith minimal
exposureexposure
 A single stageA single stage
with completewith complete
commitmentcommitment
out of decisionout of decision
A focus on how to minimise theA focus on how to minimise the
resources that would be required inresources that would be required in
the pursuit of a particularthe pursuit of a particular
4. CORPORATE DIMENSION :4. CORPORATE DIMENSION :
CONTROL OF RESOURCESCONTROL OF RESOURCES
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Episodic use orEpisodic use or
rent of requiredrent of required
resourcesresources
 Ownership orOwnership or
employment ofemployment of
requiredrequired
resourcesresources
A focus on how to accessA focus on how to access
others’ resourcesothers’ resources
5. CORPORATE DIMENSION :5. CORPORATE DIMENSION :
MANAGEMENT STRUCTUREMANAGEMENT STRUCTURE
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Flat withFlat with
multiplemultiple
informalinformal
networksnetworks
 HierarchyHierarchy
More organic focus – has few layers ofMore organic focus – has few layers of
bureaucracy between top management and thebureaucracy between top management and the
customer and typically has multiple informalcustomer and typically has multiple informal
networksnetworks
6. CORPORATE DIMENSION :6. CORPORATE DIMENSION :
REWARD PHILOSOPHYREWARD PHILOSOPHY
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Based on valueBased on value
creationcreation
 Based onBased on
responsibilityresponsibility
and seniorityand seniority
One that compensates employeesOne that compensates employees
based on their contributionbased on their contribution
toward the discovery/generationtoward the discovery/generation
and exploitation of opportunityand exploitation of opportunity
7. CORPORATE DIMENSION :7. CORPORATE DIMENSION :
GROWTH ORIENTATIONGROWTH ORIENTATION
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Rapid growth isRapid growth is
top priority;top priority;
risk accepted torisk accepted to
achieve growthachieve growth
 Safe, slow andSafe, slow and
steadysteady
A focus on rapid growthA focus on rapid growth
8. CORPORATE DIMENSION :8. CORPORATE DIMENSION :
ENTREPRENEURIAL CULTUREENTREPRENEURIAL CULTURE
ENTREPRENEURIALENTREPRENEURIAL
FOCUSFOCUS
ADMINISTRATIVEADMINISTRATIVE
FOCUSFOCUS
 Promoting broadPromoting broad
search forsearch for
opportunitiesopportunities
 OpportunityOpportunity
search restrictedsearch restricted
by controlledby controlled
resources;resources;
failure punishedfailure punished
A focus on encouragingA focus on encouraging
employees to generateemployees to generate
ideas, experiment, andideas, experiment, and
engage in other tasksengage in other tasks
that might producethat might produce
opportunitiesopportunities
Spectrum of ManagerialSpectrum of Managerial
BehaviourBehaviour
Characteristics ofCharacteristics of
Entrepreneurship EnvironmentEntrepreneurship Environment
1.1.Organisation operates onOrganisation operates on
frontiers of technologyfrontiers of technology
2.2.New ideas encouragedNew ideas encouraged
3.3.Trial and error encouragedTrial and error encouraged
4.4.Failures allowedFailures allowed
5.5.No opportunity parametersNo opportunity parameters
6.6.Resources available andResources available and
accessibleaccessible
Characteristics ofCharacteristics of
Entrepreneurship EnvironmentEntrepreneurship Environment
7.7. Multidiscipline teamworkMultidiscipline teamwork
approachapproach
8.8. Long time horizonLong time horizon
9.9. Volunteer programmeVolunteer programme
10.10.Appropriate reward systemAppropriate reward system
11.11.Sponsors and championsSponsors and champions
availableavailable
12.12.Support of top managementSupport of top management
Leadership CharacteristicsLeadership Characteristics
of a Corporateof a Corporate
EntrepreneurEntrepreneur
 Understands theUnderstands the
environmentenvironment
 Is visionary and flexibleIs visionary and flexible
 Creates managementCreates management
optionsoptions
 Encourages teamworkEncourages teamwork
 Encourages open discussionEncourages open discussion
 Builds a coalition ofBuilds a coalition of
supporterssupporters
STAGES OF ORGANISATIONSTAGES OF ORGANISATION
MODEL (Sibbet/Le Saget,MODEL (Sibbet/Le Saget,
2003)2003)
STAGES OF ORGANISATIONSTAGES OF ORGANISATION
MODELMODEL
34
ConclusionConclusion
““Entrepreneurship is an approachEntrepreneurship is an approach
to management …to management …
the pursuit of opportunitythe pursuit of opportunity
without regard to resourceswithout regard to resources
currently controlled.”currently controlled.” HowardHoward
StephensonStephenson
Further ReadingFurther Reading
 Hisrich, R. ,Peters, M. & Shepherd, D. (2013)Hisrich, R. ,Peters, M. & Shepherd, D. (2013)
“Entrepreneurship”, 9“Entrepreneurship”, 9thth
edition, McGraw Hilledition, McGraw Hill
 Deakins, D and Freel, M. (2012)Deakins, D and Freel, M. (2012)
“Entrepreneurship and Small Firms” 6th ed.“Entrepreneurship and Small Firms” 6th ed.
McGraw Hill, LondonMcGraw Hill, London
 Birley, S. & Musyka, D. (2000) MasteringBirley, S. & Musyka, D. (2000) Mastering
Entrepreneurship, FT Prentice HallEntrepreneurship, FT Prentice Hall
QUESTIONS?

More Related Content

What's hot

TEBR SepOct 2013 Collaborative creativity
TEBR SepOct 2013 Collaborative creativityTEBR SepOct 2013 Collaborative creativity
TEBR SepOct 2013 Collaborative creativityQuinn Bauriedel
 
Grand canyon university ent 435 Homework Help (1)
Grand canyon university ent 435 Homework Help (1)Grand canyon university ent 435 Homework Help (1)
Grand canyon university ent 435 Homework Help (1)
leesa marteen
 
Bus208 principles of management
Bus208  principles of managementBus208  principles of management
Bus208 principles of management
DondeePalma
 
VUCA ENVIRONMENT
VUCA ENVIRONMENT VUCA ENVIRONMENT
VUCA ENVIRONMENT
NEERAJ JAIN
 
The New Workplace: Creating the 21st Century Business
The New Workplace:  Creating the 21st Century BusinessThe New Workplace:  Creating the 21st Century Business
The New Workplace: Creating the 21st Century Businessbridgitts
 
what does management
 what does management  what does management
what does management
Mahedi Hassan
 
Industrial engineering
Industrial engineering Industrial engineering
Industrial engineering
prasad addanki
 
Harnessing the Global Talent Pool to Accelerate Innovation
Harnessing the Global Talent Pool to Accelerate InnovationHarnessing the Global Talent Pool to Accelerate Innovation
Harnessing the Global Talent Pool to Accelerate Innovation
Innovation Excellence
 
Don't forget your people! David Backham, Soliloquy #SITS18
Don't forget your people!  David Backham, Soliloquy #SITS18Don't forget your people!  David Backham, Soliloquy #SITS18
Don't forget your people! David Backham, Soliloquy #SITS18
Soliloquy Ltd
 
Executive Education
Executive EducationExecutive Education
Executive Education
MayCoachGermany
 

What's hot (11)

TEBR SepOct 2013 Collaborative creativity
TEBR SepOct 2013 Collaborative creativityTEBR SepOct 2013 Collaborative creativity
TEBR SepOct 2013 Collaborative creativity
 
Grand canyon university ent 435 Homework Help (1)
Grand canyon university ent 435 Homework Help (1)Grand canyon university ent 435 Homework Help (1)
Grand canyon university ent 435 Homework Help (1)
 
Bus208 principles of management
Bus208  principles of managementBus208  principles of management
Bus208 principles of management
 
VUCA ENVIRONMENT
VUCA ENVIRONMENT VUCA ENVIRONMENT
VUCA ENVIRONMENT
 
The New Workplace: Creating the 21st Century Business
The New Workplace:  Creating the 21st Century BusinessThe New Workplace:  Creating the 21st Century Business
The New Workplace: Creating the 21st Century Business
 
what does management
 what does management  what does management
what does management
 
Industrial engineering
Industrial engineering Industrial engineering
Industrial engineering
 
Harnessing the Global Talent Pool to Accelerate Innovation
Harnessing the Global Talent Pool to Accelerate InnovationHarnessing the Global Talent Pool to Accelerate Innovation
Harnessing the Global Talent Pool to Accelerate Innovation
 
Don't forget your people! David Backham, Soliloquy #SITS18
Don't forget your people!  David Backham, Soliloquy #SITS18Don't forget your people!  David Backham, Soliloquy #SITS18
Don't forget your people! David Backham, Soliloquy #SITS18
 
Executive Education
Executive EducationExecutive Education
Executive Education
 
Nda 14
Nda 14 Nda 14
Nda 14
 

Similar to Mod001093 intrapreneurship 290315

Corporateentrepreneurship 131023081702-phpapp01
Corporateentrepreneurship 131023081702-phpapp01Corporateentrepreneurship 131023081702-phpapp01
Corporateentrepreneurship 131023081702-phpapp01Fida Waxir
 
Managing in a dynamic environment
Managing in a dynamic environment  Managing in a dynamic environment
Managing in a dynamic environment
Sudhir Upadhyay
 
1.Managing in a dynamic environment
1.Managing in a dynamic environment   1.Managing in a dynamic environment
1.Managing in a dynamic environment
Sudhir Upadhyay
 
Corporate Entrepreneurship: How?
Corporate Entrepreneurship: How?Corporate Entrepreneurship: How?
Corporate Entrepreneurship: How?
Kelvin Koh Tong Weng
 
Bahan Perkuliahan Minggu-3.pptx
Bahan Perkuliahan Minggu-3.pptxBahan Perkuliahan Minggu-3.pptx
Bahan Perkuliahan Minggu-3.pptx
ViraJilmiAshviaHusna
 
Entrepreneurship past present future 2012 Shaker Zahra EGEPE
Entrepreneurship past present future 2012 Shaker Zahra EGEPEEntrepreneurship past present future 2012 Shaker Zahra EGEPE
Entrepreneurship past present future 2012 Shaker Zahra EGEPE
Millikin University
 
Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02
Mehar Raheel
 
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
waqas adeel
 
Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02
sheetslibrary
 
Timmons chapter 02 fall 2005
Timmons chapter 02 fall 2005Timmons chapter 02 fall 2005
Timmons chapter 02 fall 2005
Şebnem Şakar
 
Berlin School of Creative Leadership
Berlin School of Creative LeadershipBerlin School of Creative Leadership
Berlin School of Creative Leadership
Axel Quack
 
Global innovation survey
Global innovation surveyGlobal innovation survey
Global innovation survey
Koen Klokgieters
 
Dynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be AppliedDynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be Applied
David Teece
 
Dynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be AppliedDynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be Applied
David Teece
 
Strength and Weaknesses of Innovation Implementation
Strength and Weaknesses of Innovation ImplementationStrength and Weaknesses of Innovation Implementation
Strength and Weaknesses of Innovation Implementation
Jeovan Figueiredo
 
科技管理R4報告
科技管理R4報告科技管理R4報告
科技管理R4報告Sophia Wu
 
Company Toolkit to Build Capabilities and Open Innovation Strategy
Company Toolkit to Build Capabilities and Open Innovation StrategyCompany Toolkit to Build Capabilities and Open Innovation Strategy
Company Toolkit to Build Capabilities and Open Innovation Strategy
Alar Kolk
 
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
waqas adeel
 
Chapter 9 management (10 th edition) by robbins and coulter
Chapter 9 management (10 th edition) by robbins and coulterChapter 9 management (10 th edition) by robbins and coulter
Chapter 9 management (10 th edition) by robbins and coulterMd. Abul Ala
 

Similar to Mod001093 intrapreneurship 290315 (20)

Corporateentrepreneurship 131023081702-phpapp01
Corporateentrepreneurship 131023081702-phpapp01Corporateentrepreneurship 131023081702-phpapp01
Corporateentrepreneurship 131023081702-phpapp01
 
Managing in a dynamic environment
Managing in a dynamic environment  Managing in a dynamic environment
Managing in a dynamic environment
 
1.Managing in a dynamic environment
1.Managing in a dynamic environment   1.Managing in a dynamic environment
1.Managing in a dynamic environment
 
Corporate Entrepreneurship: How?
Corporate Entrepreneurship: How?Corporate Entrepreneurship: How?
Corporate Entrepreneurship: How?
 
Bahan Perkuliahan Minggu-3.pptx
Bahan Perkuliahan Minggu-3.pptxBahan Perkuliahan Minggu-3.pptx
Bahan Perkuliahan Minggu-3.pptx
 
Entrepreneurship past present future 2012 Shaker Zahra EGEPE
Entrepreneurship past present future 2012 Shaker Zahra EGEPEEntrepreneurship past present future 2012 Shaker Zahra EGEPE
Entrepreneurship past present future 2012 Shaker Zahra EGEPE
 
Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02
 
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
Chapter 2management10theditionbyrobbinsandcoulter-130822064451-phpapp01
 
Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02Ch2managementhistory 130304100224-phpapp02
Ch2managementhistory 130304100224-phpapp02
 
Timmons chapter 02 fall 2005
Timmons chapter 02 fall 2005Timmons chapter 02 fall 2005
Timmons chapter 02 fall 2005
 
Berlin School of Creative Leadership
Berlin School of Creative LeadershipBerlin School of Creative Leadership
Berlin School of Creative Leadership
 
Global innovation survey
Global innovation surveyGlobal innovation survey
Global innovation survey
 
Dynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be AppliedDynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be Applied
 
Dynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be AppliedDynamic Capabilities: What Are They And How They Can Be Applied
Dynamic Capabilities: What Are They And How They Can Be Applied
 
Strength and Weaknesses of Innovation Implementation
Strength and Weaknesses of Innovation ImplementationStrength and Weaknesses of Innovation Implementation
Strength and Weaknesses of Innovation Implementation
 
科技管理R4報告
科技管理R4報告科技管理R4報告
科技管理R4報告
 
Company Toolkit to Build Capabilities and Open Innovation Strategy
Company Toolkit to Build Capabilities and Open Innovation StrategyCompany Toolkit to Build Capabilities and Open Innovation Strategy
Company Toolkit to Build Capabilities and Open Innovation Strategy
 
Kms fiedmc
Kms fiedmcKms fiedmc
Kms fiedmc
 
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
Chapter 9management10theditionbyrobbinsandcoulter-130822070313-phpapp02
 
Chapter 9 management (10 th edition) by robbins and coulter
Chapter 9 management (10 th edition) by robbins and coulterChapter 9 management (10 th edition) by robbins and coulter
Chapter 9 management (10 th edition) by robbins and coulter
 

More from Stephen Ong

Tcm step 3 venture assessment
Tcm step 3 venture assessmentTcm step 3 venture assessment
Tcm step 3 venture assessment
Stephen Ong
 
Tcm step 2 market needs analysis
Tcm step 2 market needs analysisTcm step 2 market needs analysis
Tcm step 2 market needs analysis
Stephen Ong
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
Stephen Ong
 
Tcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysisTcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysis
Stephen Ong
 
Tcm step 3 venture assessment
Tcm step 3 venture assessmentTcm step 3 venture assessment
Tcm step 3 venture assessment
Stephen Ong
 
Tcm step 2 market needs analysis
Tcm step 2 market needs analysisTcm step 2 market needs analysis
Tcm step 2 market needs analysis
Stephen Ong
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
Stephen Ong
 
Tcm concept discovery stage introduction
Tcm concept discovery stage introductionTcm concept discovery stage introduction
Tcm concept discovery stage introduction
Stephen Ong
 
Mod001093 german sme hidden champions 120415
Mod001093 german sme hidden champions 120415Mod001093 german sme hidden champions 120415
Mod001093 german sme hidden champions 120415
Stephen Ong
 
Tbs910 linear programming
Tbs910 linear programmingTbs910 linear programming
Tbs910 linear programming
Stephen Ong
 
Mod001093 family businesses 050415
Mod001093 family businesses 050415Mod001093 family businesses 050415
Mod001093 family businesses 050415
Stephen Ong
 
Gs503 vcf lecture 8 innovation finance ii 060415
Gs503 vcf lecture 8 innovation finance ii 060415Gs503 vcf lecture 8 innovation finance ii 060415
Gs503 vcf lecture 8 innovation finance ii 060415
Stephen Ong
 
Gs503 vcf lecture 7 innovation finance i 300315
Gs503 vcf lecture 7 innovation finance i 300315Gs503 vcf lecture 7 innovation finance i 300315
Gs503 vcf lecture 7 innovation finance i 300315
Stephen Ong
 
Tbs910 regression models
Tbs910 regression modelsTbs910 regression models
Tbs910 regression models
Stephen Ong
 
Tbs910 sampling hypothesis regression
Tbs910 sampling hypothesis regressionTbs910 sampling hypothesis regression
Tbs910 sampling hypothesis regression
Stephen Ong
 
Gs503 vcf lecture 6 partial valuation ii 160315
Gs503 vcf lecture 6 partial valuation ii  160315Gs503 vcf lecture 6 partial valuation ii  160315
Gs503 vcf lecture 6 partial valuation ii 160315
Stephen Ong
 
Gs503 vcf lecture 5 partial valuation i 140315
Gs503 vcf lecture 5 partial valuation i  140315Gs503 vcf lecture 5 partial valuation i  140315
Gs503 vcf lecture 5 partial valuation i 140315
Stephen Ong
 
Mod001093 context of sme 220315
Mod001093 context of sme 220315Mod001093 context of sme 220315
Mod001093 context of sme 220315
Stephen Ong
 
Mod001093 from innovation business model to startup 140315
Mod001093 from innovation business model to startup 140315Mod001093 from innovation business model to startup 140315
Mod001093 from innovation business model to startup 140315
Stephen Ong
 
Gs503 vcf lecture 4 valuation ii 090215
Gs503 vcf lecture 4 valuation ii  090215Gs503 vcf lecture 4 valuation ii  090215
Gs503 vcf lecture 4 valuation ii 090215
Stephen Ong
 

More from Stephen Ong (20)

Tcm step 3 venture assessment
Tcm step 3 venture assessmentTcm step 3 venture assessment
Tcm step 3 venture assessment
 
Tcm step 2 market needs analysis
Tcm step 2 market needs analysisTcm step 2 market needs analysis
Tcm step 2 market needs analysis
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
 
Tcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysisTcm Workshop 1 Technology analysis
Tcm Workshop 1 Technology analysis
 
Tcm step 3 venture assessment
Tcm step 3 venture assessmentTcm step 3 venture assessment
Tcm step 3 venture assessment
 
Tcm step 2 market needs analysis
Tcm step 2 market needs analysisTcm step 2 market needs analysis
Tcm step 2 market needs analysis
 
Tcm step 1 technology analysis
Tcm step 1 technology analysisTcm step 1 technology analysis
Tcm step 1 technology analysis
 
Tcm concept discovery stage introduction
Tcm concept discovery stage introductionTcm concept discovery stage introduction
Tcm concept discovery stage introduction
 
Mod001093 german sme hidden champions 120415
Mod001093 german sme hidden champions 120415Mod001093 german sme hidden champions 120415
Mod001093 german sme hidden champions 120415
 
Tbs910 linear programming
Tbs910 linear programmingTbs910 linear programming
Tbs910 linear programming
 
Mod001093 family businesses 050415
Mod001093 family businesses 050415Mod001093 family businesses 050415
Mod001093 family businesses 050415
 
Gs503 vcf lecture 8 innovation finance ii 060415
Gs503 vcf lecture 8 innovation finance ii 060415Gs503 vcf lecture 8 innovation finance ii 060415
Gs503 vcf lecture 8 innovation finance ii 060415
 
Gs503 vcf lecture 7 innovation finance i 300315
Gs503 vcf lecture 7 innovation finance i 300315Gs503 vcf lecture 7 innovation finance i 300315
Gs503 vcf lecture 7 innovation finance i 300315
 
Tbs910 regression models
Tbs910 regression modelsTbs910 regression models
Tbs910 regression models
 
Tbs910 sampling hypothesis regression
Tbs910 sampling hypothesis regressionTbs910 sampling hypothesis regression
Tbs910 sampling hypothesis regression
 
Gs503 vcf lecture 6 partial valuation ii 160315
Gs503 vcf lecture 6 partial valuation ii  160315Gs503 vcf lecture 6 partial valuation ii  160315
Gs503 vcf lecture 6 partial valuation ii 160315
 
Gs503 vcf lecture 5 partial valuation i 140315
Gs503 vcf lecture 5 partial valuation i  140315Gs503 vcf lecture 5 partial valuation i  140315
Gs503 vcf lecture 5 partial valuation i 140315
 
Mod001093 context of sme 220315
Mod001093 context of sme 220315Mod001093 context of sme 220315
Mod001093 context of sme 220315
 
Mod001093 from innovation business model to startup 140315
Mod001093 from innovation business model to startup 140315Mod001093 from innovation business model to startup 140315
Mod001093 from innovation business model to startup 140315
 
Gs503 vcf lecture 4 valuation ii 090215
Gs503 vcf lecture 4 valuation ii  090215Gs503 vcf lecture 4 valuation ii  090215
Gs503 vcf lecture 4 valuation ii 090215
 

Recently uploaded

Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
Henry Tapper
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop.com LTD
 
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
 
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
PaulBryant58
 
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
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
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
 
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
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
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
 
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
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
NathanBaughman3
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
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
 

Recently uploaded (20)

Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024PriyoShop Celebration Pohela Falgun Mar 20, 2024
PriyoShop Celebration Pohela Falgun Mar 20, 2024
 
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
 
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...
 
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
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
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
 
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
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
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
 
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 ...
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
April 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products NewsletterApril 2024 Nostalgia Products Newsletter
April 2024 Nostalgia Products Newsletter
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
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
 

Mod001093 intrapreneurship 290315

  • 1. MOD001093MOD001093 ENTREPRENEURSHIP ANDENTREPRENEURSHIP AND INNOVATION:INNOVATION: INTRAPRENEURSHIP ININTRAPRENEURSHIP IN LARGE ORGANISATIONSLARGE ORGANISATIONS Prof.Stephen OngProf.Stephen Ong BSc(Hons)Econs (LSE), MBA (Bradford)BSc(Hons)Econs (LSE), MBA (Bradford) Visiting Professor, Shenzhen UniversityVisiting Professor, Shenzhen University Academic Fellow, Entrepreneurship & Innovation,Academic Fellow, Entrepreneurship & Innovation, The Lord Ashcroft International Business School, AngliaThe Lord Ashcroft International Business School, Anglia Ruskin University Cambridge UKRuskin University Cambridge UK MBA ANGLIA RUSKIN UNIVERSITYMBA ANGLIA RUSKIN UNIVERSITY
  • 3. LEARNING OBJECTIVESLEARNING OBJECTIVES 1.1. To examine Pinchot’sTo examine Pinchot’s “intrapreneur” type“intrapreneur” type 2.2. To compare and contrastTo compare and contrast classical “manager” andclassical “manager” and “entrepreneur” attributes“entrepreneur” attributes 3.3. To discuss corporateTo discuss corporate entrepreneurship;entrepreneurship;
  • 5. Intrapreneurship (Pinchot)Intrapreneurship (Pinchot)  Entrepreneurial typesEntrepreneurial types are found inside largeare found inside large organisations, not only in start-up andorganisations, not only in start-up and growinggrowing SMEs.SMEs.  Pinchot (between 1978 and 1985) coined the termPinchot (between 1978 and 1985) coined the term “intrapreneur”.“intrapreneur”.  These individuals show many entrepreneurialThese individuals show many entrepreneurial traits, yet are able to operate inside largetraits, yet are able to operate inside large organisations.organisations.  They are often the source of creativity and newThey are often the source of creativity and new ideas and innovation.ideas and innovation.  Some large companies make room for them inSome large companies make room for them in special teams.special teams.
  • 7. THE ROLE OFTHE ROLE OF ENTREPRENEURSENTREPRENEURS HIP IN LARGEHIP IN LARGE ORGANISATIONSORGANISATIONS
  • 8. Comparison of Managers, EntrepreneursComparison of Managers, Entrepreneurs & Intrapreneurs (Hisrich & Peters)& Intrapreneurs (Hisrich & Peters)
  • 9. Growth in OrganisationsGrowth in Organisations (Greiner, 1972, 1999)(Greiner, 1972, 1999) 1. CREATIVITY PHASE 2. DIRECTION PHASE 3. DELEGATION PHASE 4. COORDINATION PHASE 5. COLLABORATIO N PHASE 1.Disrupted by a leadership crisis 2.Disrupted by a crisis of autonomy 3.Disrupted by a crisis of control 4.Disrupted by red tape 5.Disrupted by ?
  • 10.
  • 12. How Entrepreneurial is theHow Entrepreneurial is the Management of your Firm?Management of your Firm? Brown,T., Davidson,P. & Wiklund,J. (2001) “AnBrown,T., Davidson,P. & Wiklund,J. (2001) “An Operationalization of Stevenson’s Conceptualisation ofOperationalization of Stevenson’s Conceptualisation of Entrepreneurship as Opportunity-Based Firm Behaviour”Entrepreneurship as Opportunity-Based Firm Behaviour” Strategic Management Journal 22Strategic Management Journal 22
  • 13. QUIZ : STRATEGICQUIZ : STRATEGIC ORIENTATIONORIENTATION
  • 14. QUIZ : RESOURCE ORIENTATIONQUIZ : RESOURCE ORIENTATION
  • 15. QUIZ : MANAGEMENT STRUCTUREQUIZ : MANAGEMENT STRUCTURE
  • 16. QUIZ : REWARD PHILOSOPHYQUIZ : REWARD PHILOSOPHY
  • 17. QUIZ : GROWTHQUIZ : GROWTH ORIENTATIONORIENTATION
  • 18. QUIZ : ENTREPRENEURIALQUIZ : ENTREPRENEURIAL CULTURECULTURE
  • 19. Dimensions of EntrepreneurshipDimensions of Entrepreneurship in Firms(H.Stephenson)in Firms(H.Stephenson) 1.1.Strategic orientationStrategic orientation 2.2.Commitment to opportunityCommitment to opportunity 3.3.Commitment of resourcesCommitment of resources 4.4.Control of resourcesControl of resources 5.5.Management structureManagement structure 6.6.Reward philosophyReward philosophy 7.7.Growth orientationGrowth orientation 8.8.Entrepreneurial CultureEntrepreneurial Culture
  • 20. 1. CORPORATE DIMENSION :1. CORPORATE DIMENSION : STRATEGIC ORIENTATIONSTRATEGIC ORIENTATION ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Driven byDriven by perception ofperception of OpportunityOpportunity  Driven byDriven by controlledcontrolled ResourcesResources A focus on those factors that areA focus on those factors that are inputs into the formulation ofinputs into the formulation of the firm’s strategythe firm’s strategy
  • 21. 2. CORPORATE DIMENSION :2. CORPORATE DIMENSION : COMMITMENT TO OPPORTUNITYCOMMITMENT TO OPPORTUNITY ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  RevolutionaryRevolutionary with shortwith short durationduration  EvolutionaryEvolutionary with longwith long durationduration A commitment to taking actionA commitment to taking action on potential opportunitieson potential opportunities
  • 22. 3. CORPORATE DIMENSION :3. CORPORATE DIMENSION : COMMITMENT TO RESOURCESCOMMITMENT TO RESOURCES ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Many stagesMany stages with minimalwith minimal exposureexposure  A single stageA single stage with completewith complete commitmentcommitment out of decisionout of decision A focus on how to minimise theA focus on how to minimise the resources that would be required inresources that would be required in the pursuit of a particularthe pursuit of a particular
  • 23. 4. CORPORATE DIMENSION :4. CORPORATE DIMENSION : CONTROL OF RESOURCESCONTROL OF RESOURCES ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Episodic use orEpisodic use or rent of requiredrent of required resourcesresources  Ownership orOwnership or employment ofemployment of requiredrequired resourcesresources A focus on how to accessA focus on how to access others’ resourcesothers’ resources
  • 24. 5. CORPORATE DIMENSION :5. CORPORATE DIMENSION : MANAGEMENT STRUCTUREMANAGEMENT STRUCTURE ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Flat withFlat with multiplemultiple informalinformal networksnetworks  HierarchyHierarchy More organic focus – has few layers ofMore organic focus – has few layers of bureaucracy between top management and thebureaucracy between top management and the customer and typically has multiple informalcustomer and typically has multiple informal networksnetworks
  • 25. 6. CORPORATE DIMENSION :6. CORPORATE DIMENSION : REWARD PHILOSOPHYREWARD PHILOSOPHY ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Based on valueBased on value creationcreation  Based onBased on responsibilityresponsibility and seniorityand seniority One that compensates employeesOne that compensates employees based on their contributionbased on their contribution toward the discovery/generationtoward the discovery/generation and exploitation of opportunityand exploitation of opportunity
  • 26. 7. CORPORATE DIMENSION :7. CORPORATE DIMENSION : GROWTH ORIENTATIONGROWTH ORIENTATION ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Rapid growth isRapid growth is top priority;top priority; risk accepted torisk accepted to achieve growthachieve growth  Safe, slow andSafe, slow and steadysteady A focus on rapid growthA focus on rapid growth
  • 27. 8. CORPORATE DIMENSION :8. CORPORATE DIMENSION : ENTREPRENEURIAL CULTUREENTREPRENEURIAL CULTURE ENTREPRENEURIALENTREPRENEURIAL FOCUSFOCUS ADMINISTRATIVEADMINISTRATIVE FOCUSFOCUS  Promoting broadPromoting broad search forsearch for opportunitiesopportunities  OpportunityOpportunity search restrictedsearch restricted by controlledby controlled resources;resources; failure punishedfailure punished A focus on encouragingA focus on encouraging employees to generateemployees to generate ideas, experiment, andideas, experiment, and engage in other tasksengage in other tasks that might producethat might produce opportunitiesopportunities
  • 28. Spectrum of ManagerialSpectrum of Managerial BehaviourBehaviour
  • 29. Characteristics ofCharacteristics of Entrepreneurship EnvironmentEntrepreneurship Environment 1.1.Organisation operates onOrganisation operates on frontiers of technologyfrontiers of technology 2.2.New ideas encouragedNew ideas encouraged 3.3.Trial and error encouragedTrial and error encouraged 4.4.Failures allowedFailures allowed 5.5.No opportunity parametersNo opportunity parameters 6.6.Resources available andResources available and accessibleaccessible
  • 30. Characteristics ofCharacteristics of Entrepreneurship EnvironmentEntrepreneurship Environment 7.7. Multidiscipline teamworkMultidiscipline teamwork approachapproach 8.8. Long time horizonLong time horizon 9.9. Volunteer programmeVolunteer programme 10.10.Appropriate reward systemAppropriate reward system 11.11.Sponsors and championsSponsors and champions availableavailable 12.12.Support of top managementSupport of top management
  • 31. Leadership CharacteristicsLeadership Characteristics of a Corporateof a Corporate EntrepreneurEntrepreneur  Understands theUnderstands the environmentenvironment  Is visionary and flexibleIs visionary and flexible  Creates managementCreates management optionsoptions  Encourages teamworkEncourages teamwork  Encourages open discussionEncourages open discussion  Builds a coalition ofBuilds a coalition of supporterssupporters
  • 32. STAGES OF ORGANISATIONSTAGES OF ORGANISATION MODEL (Sibbet/Le Saget,MODEL (Sibbet/Le Saget, 2003)2003)
  • 33. STAGES OF ORGANISATIONSTAGES OF ORGANISATION MODELMODEL
  • 34. 34 ConclusionConclusion ““Entrepreneurship is an approachEntrepreneurship is an approach to management …to management … the pursuit of opportunitythe pursuit of opportunity without regard to resourceswithout regard to resources currently controlled.”currently controlled.” HowardHoward StephensonStephenson
  • 35. Further ReadingFurther Reading  Hisrich, R. ,Peters, M. & Shepherd, D. (2013)Hisrich, R. ,Peters, M. & Shepherd, D. (2013) “Entrepreneurship”, 9“Entrepreneurship”, 9thth edition, McGraw Hilledition, McGraw Hill  Deakins, D and Freel, M. (2012)Deakins, D and Freel, M. (2012) “Entrepreneurship and Small Firms” 6th ed.“Entrepreneurship and Small Firms” 6th ed. McGraw Hill, LondonMcGraw Hill, London  Birley, S. & Musyka, D. (2000) MasteringBirley, S. & Musyka, D. (2000) Mastering Entrepreneurship, FT Prentice HallEntrepreneurship, FT Prentice Hall