This document discusses challenges and issues in strategic entrepreneurship. It outlines some key challenges including developing new technologies and innovations to break into markets or create new markets, building new economic and social environments to benefit society, understanding regulations, and ensuring investors find the venture attractive. The document also discusses challenges that come with business growth, such as retaliation from competitors taking market share. It emphasizes the need for strategies to sustain competitive advantages and notes future research can help entrepreneurs address issues and minimize failure.

1. STRATEGIC ENTREPRENEURSHIP
TOPIC 11
DR ANIS AMIRA AB RAHMAN
EZANI BIN YUSOFF
FACULTY OF ENTREPRENEURSHIP AND BUSINESS
UNIVERSITI MALAYSIA KELANTAN
anisamira@umk.edu.my
Dr Anis Amira Ab Rahman 14

2. CHALLENGES AND CURRENT
ISSUES IN STRATEGIC
ENTREPRENEURSHIP
Dr Anis Amira Ab Rahman 14

3. Challenges in Strategic Entrepreneurship
Sources: Hitt, M. A., Ireland, R. D., Sirmon, D. G., (2011)
 Creating new technology and innovation is crucial for many firms,
regardless of their size or age (critical to break into an established
market or to create a new market, developing a product that is
highly differentiated from existing products and one that creates
substantial value for customers).
 To build new economic, social, institutional, and cultural
environments and thereby provide significant benefits to society.
 To understand the ways in which criminal law and official
regulations affect the activities of business.
 The investor find the venture’s potential attractive (the skills and
experience of the venture’s key people and their ability to deliver
the potential that the venture has).

4. Challenges of Growth
 There is a set of challenges that affect all stages of a
firm’s growth. Furthermore, the challenges illustrate that
no firm grows in a competitive vacuum.
 As a business grows and takes market share away from
rival firms, there will be a certain amount of retaliation
that takes place. This is an aspect of challenges that an
entrepreneur needs to be aware of and plan for.

5. Source: Hitt, M. A., Ireland, R. D., Sirmon, D. G.,
(2011)
Sources of Challenges

6. Sustaining Competitiveness
 The entrepreneur must be on their guard as to the
ways in which competitors might gain the advantage,
and be aware of these when they are developing
their strategy.
 Therefore, the strategy must be built on a competitive
advantage which can be sustained. The decisions
which relate to developing competitive advantage can
be made based on these questions.

7. …….continue

8. Future Research
Source: Kyrgidou, L. P., Hughes, M. (2010)

9. Summary
 The issues and challenges in strategic entrepreneurship
are important for future research. Future research also
provides a contribution to the strategy and increase
value in the acquiring firm.
 Therefore, issues and challenges in strategic
entrepreneurship are valuable knowledge that can help
entrepreneurs to implement the best strategy and
concern for a new issues offer to minimize the rates of
failure in business.

10. References
 Hitt, M. A., Ireland, R. D., Sirmon, D. G., & Trahms, C. A. (2011). Strategic
entrepreneurship: creating value for individuals, organizations, and society. The
Academy of Management Perspectives, 25(2), 57-75.
 Hitt, M. A. (Ed.). (2002). Strategic entrepreneurship: Creating a new mindset (Vol. 1).
Blackwell Publishing.
 Histrich, R. D., Peters, M. P., & Shepherd, D.A. (2013). Entrepreneurship. McGraw Hill.
 Kyrgidou, L. P., & Hughes, M. (2010). Strategic Entrepreneurship: Origins, Core Elements
and Research Directions. European Business Review, 22(1), 43-63.
 Morris, M. J. (2001). Starting a successful business. Kogan Page Publishers.
 Mulyawan, I., & Saefulloh, D. (2013). Street Vendor In Entrepreneurship Perspective:
Characteristics, Motivation, and Business performance. International Journal of
Innovations in Business, 2(5), 416-443.
 UiTM Entrepreneurship Study Group. (2005). Fundamentals of Entrepreneurship.
Prentice Hall.
 Wickham, P. A. (2006). Strategic Entrepreneurship. Pearson Education.