Entrepreneurship

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

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Entrepreneurship

  1. 1. Understanding entrepreneurship:how being entrepreneurial thrives towards excellence!<br />U. Sridevi<br />ICSO, 14-15 May 2010<br />Institute of Management Technology, Ghaziabad<br />1<br />
  2. 2. Present:<br />Student, PGDM-Executive program from Institute of Management Technology, Ghaziabad<br />[Specialization: Finance/Operations (Dual)]<br />Past Experience:<br />Over 8 years of experience in teaching/research/consultancy in education<br />Highest qualification:M. Sc (Mathematics)<br />Professional Interests:Research/Consulting<br />Personal Interests:<br />Reading, writing blogs, articles and short stories, solving Sudoku, playing table tennis & lawn tennis, Traveling<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />2<br />About the author<br />U. Sridevi<br />
  3. 3. Objective<br />Methodology<br />Findings<br />Research Implications<br />Social Implications<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />3<br />Abstract<br />
  4. 4. Understanding of an organization<br />Criticality of the role of an individual<br />Understanding an individual<br />Entrepreneur & entrepreneurial attitude, entrepreneur behavior<br />Elements of an entrepreneurial organization<br />Challenges in forming an entrepreneurial organization<br />Recommendations & Conclusion<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />4<br />Flow of the paper<br />
  5. 5. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />5<br />Organization<br />Organization System Level<br />Group Level<br />Individual Level<br />‘A consciously coordinated social unit, composed of two or more people, that functions on a relatively continuous basis to achieve a common goal or a set of goals’<br />
  6. 6. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />6<br />Emphasizing Individual’s study<br />Organization System Level<br />Group Level<br />Individual Level<br />Focus<br />Values<br />Culture<br />Core ideology<br />Structure<br />
  7. 7. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />7<br />Study of an individual<br />
  8. 8. Abilityis an individual’s capacity to perform the various tasks in a job<br />Abilities are generally the strengths and weaknesses that an individual possesses inherently that could be intellectual, physical, biological<br />Learning is a relatively permanent change in the behaviour that occurs as a result of experience<br />This also depends on how an individual uses his or her experience<br />Shaping is systematically reinforcing each successive step that moves an individual closer to the desired response <br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />8<br />Study of an individual – Behavior<br />
  9. 9. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />9<br />Study of an individual – Attitude<br />
  10. 10. Major attitudes:<br />Job satisfaction<br />Job involvement<br />Organizational commitment<br />Psychological empowerment<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />10<br />Study of an individual – Attitude<br />
  11. 11. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />11<br />Study of an individual – Personality<br />Innate<br />Innate<br />Innate<br />Developed personality<br />Developed personality<br />Developed personality<br />Case (i)<br />Case (ii)<br />Case (iii)<br />
  12. 12. Dictionary definition – ‘one who organises, manages, and assumes risks of a business or enterprise’<br />Idea – differentiator between ‘entrepreneur’ & ‘leader’?<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />12<br />Entrepreneur<br />What does an Entrepreneur do<br />
  13. 13. Figurehead<br />Leader<br />Liaison<br />Monitor<br />Disseminator<br />Spokesperson<br />Entrepreneur<br />Disturbance Handler<br />Resource allocator<br />Negotiator<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />13<br />Mintzberg’s – what managers do?<br />Interpersonal<br />Entrepreneurial<br />Informational<br />Decisional<br />
  14. 14. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />14<br />Study of an individual – Attitude<br />
  15. 15. Risk-taking<br />Internal locus of control<br />Innovative<br />Self-confident<br />Vision<br />Self-motivated<br />Proactive<br />Energetic<br />Passionate<br />Ability to face uncertainty<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />15<br />Entrepreneurial attitude<br />Evident from ‘Stay Hungry Stay Foolish’<br />
  16. 16. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />16<br />‘Entrepreneur’ & ‘Entrepreneurial’<br />Hidden entrepreneurial attitude in every individual<br />Entrepreneur mentors facilitating being ‘entrepreneurial’<br />
  17. 17. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />17<br />Understanding ‘entrepreneur’ behavior<br />Vanish the born entrepreneur, becomes an ordinary individual<br />External Forces:<br /><ul><li>Culture
  18. 18. Education
  19. 19. Training
  20. 20. Mentoring
  21. 21. Environment</li></ul>Develop born entrepreneur into a successful visionary leader<br />BORN Entrepreneur<br />Not force at all, the born entrepreneur remains<br />Forms into individual with an entrepreneurial attitude<br />
  22. 22. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />18<br />Honing ‘entrepreneurial’ attitude<br /><ul><li>Culture
  23. 23. Education
  24. 24. Training
  25. 25. Mentoring
  26. 26. Environment</li></li></ul><li>Advantages:<br />Innovation<br />Creativity<br />Independence<br />Focus<br />Freedom<br />Competitive spirit<br />Integration of ideas<br />Analytical capability<br />Application of thought<br />Self-confidence<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />19<br />Entrepreneurial organization<br /><ul><li>Most of the visionary companies like 3M, Ford, P & G, HP are entrepreneurial organizations.
  27. 27. Credit goes to entrepreneurs running these visionary companies termed as visionary leaders.</li></li></ul><li>Facilitate ‘entrepreneurial’ behavior<br />Encourage creativity<br />Training to build upon entrepreneurial skills<br />While not losing focus from the vision, mission, values – core ideology<br />Key: Propagating the core ideology to the bottom of the organization without losing the crux<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />20<br />Elements of an entrepreneurial organization<br />
  28. 28. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />21<br />Elements of an entrepreneurial organization<br />Productivity frontier (state of best practice)<br />High<br />Non price buyer value delivered<br />Low<br />Low<br />High<br />Relative cost position<br />Free thought-process of employees<br />Free exchange of ideas<br />Debates ‘agreement to disagree’<br />Employee belongingness<br />High perceived organization support<br />Growth – tangible and intangible measures<br />Productivity frontier<br />
  29. 29. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />22<br />Entrepreneurial organization – challenges<br />
  30. 30. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />23<br />Recommendations<br />
  31. 31. Would everybody become an ‘entrepreneur’?<br />Everybody can become ‘entrepreneurial’ but not ‘entrepreneurs’ – not all are outliers<br />‘Follow’ if not ‘become’<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />24<br />Conclusion<br />
  32. 32. Robbins, Stephen P., Judge, Timothy A., SanghiSeema (2009). Organizational Behaviour. Pearson Education, Prentice Hall<br />Collins, James & Porras, Jerry (1994). Built to Last: Successful Habits of Visionary Companies. Harper Business. <br />Gladwell, Malcolm (2008). Outliers. Penguin Books. <br />Managing Creativity and Innovation. (2003). Boston, Mass.: Harvard Business School Press. <br />‘What is Strategy?’, Michael E Porter, Harvard Business Review, Nov-Dec 1996. <br />'Innovation: The Classic Traps’, Rosabeth Moss Canter, Harvard Business Review, Nov 2006. <br />‘The Ethical Mind’, H Gardner, Harvard Business Review, Mar 2007. <br />DeSimone, L. D.; Hatsopoulos, George N.; O'Brien, William F.; Harris, Bill; Holt, Charles P. How Can Big Companies Keep the Entrepreneurial Spirits Alive? Harvard Business Review, Nov/Dec 95, Vol. 73 Issue 6, p183-189 <br />Nancy M. Levenburg & Thomas V. Schwarz (2008). Entrepreneurial Orientation among the Youth of India: The Impact of Culture, Education and Environment. The Journal of Entrepreneurship, Vol. 17, Issue 1, p15–35. <br />Bansal, Rashmi (2008). Stay hungry, stay foolish. Mumbai. Jam Venture Publishing.<br />15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />25<br />References<br />
  33. 33. 15 May 2010<br />U. Sridevi<br />ICSO, 14-15 May 2010 @ IMT Gzb<br />26<br />

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