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    Chapter 2 - The Entrepreneurial and Intrapreneurial Mind

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    Arman

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    Chapter 2 - The Entrepreneurial and Intrapreneurial Mind

    Uploaded by

    Arman
    2K views15 pages

    Copyright

    © Attribution Non-Commercial (BY-NC)

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    2K views15 pages

    Chapter 2 - The Entrepreneurial and Intrapreneurial Mind

    Uploaded by

    Arman

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    You are on page 1of 15

    2-1

    Chapter

    The Entrepreneurial and Intrapreneurial Mind

    2-2

    Entrepreneurial Process
    1) Identify/Evaluate Opportunity 2) Develop Business Plan 3) Determine Resources Required 4) Manage The Enterprise
    2-3 McGraw-Hill 2004 The McGraw-Hill Companies, Inc. All rights reserved.

    Opportunity Analysis
    Market Need? Personal Observation Underlying Social Conditions Market Research Data Assess Competition- Patents? CompetitionWhere Money To Be Made
    2-4

    Decision Making Manager vs. Entrepreneur


    DomainDomain- Administrative vs. Entrepreneurial Strategic Orientation Commitment to Opportunity Commitment of Resources Control of Resources Management Structure
    2-5

    Intrapreneurship
    Instilling Entrepreneurial Spirit Within An Existing Organization To Innovate And Grow.
    2-6

    Organizational Culture
    Corporate
    Climate/Reward System Favors Conservatism Follow Instructions, No Initiative Hierarchy Of Authority

    Intrapreneurial
    Develop Vision, Goals, & Plans Suggest, Try, Experiment Flat Organizational StructureStructureNetworking & Teamwork
    2-7

    Cultural Norms/Values
    Corporate
    Fragmented Instruction Controlled OuterOuter-Directed Alienation Chores Defined Limits Interference Distrust Expendable Limiting People

    Intrapreneurial
    Whole Vision In Control Inner-Directed InnerResponsibility Enthusiasm/Motivation Space/Freedom Trust Belief In People Expandable Growing People

    2-8

    Interest In Intrapreneurship
    Rising Interest in Doing Your Own Thing Corporation
    Support To Retain Creative Employees Fund Startups

    Hypercompetition Corporate vs. Intrapreneurial Culture


    2-9

    Intrapreneurial Activities
    New Business Venturing Innovation SelfSelf-Renewal Proactive
    2-10

    Climate for Intrapreneurship


    Technology New Ideas Encouraged Trial/Error Encouraged Failure Allowed No Opportunity Parameters Resources Available & Accessible Multidiscipline Teams Long Time Horizon Volunteer Program Appropriate Reward System Sponsors/Champions Available Support of Top Management
    2-11

    Intrapreneurial Leaders
    Understand Environment Have Vision/Flexibility Create Management Options Encourage Teamwork Encourage Open Discussion Build Coalitions Persist
    2-12

    Establishing Intrapreneurship
    Commitment of Top Management Identify Ideas/Areas Interested In Supporting Use Technology For Flexibility Managers Share/Train Employees Get Closer to Customers Be More Productive With Less
    2-13

    Evaluating Intrapreneurship Proposals


    Corporate Fit Initial Investment Experienced Venture Champion Experience With Product/Service Competitive Threat Proprietary Technology Gross Margin Rate Of Return
    2-14

    Barriers To Intrapreneurship
    Inherent Nature of Large Organizations No Long-Term Commitment LongLack Of Autonomy For Decision Making Lack of Intrapreneurial Talent Inappropriate Compensation Methods Constrained Environment
    2-15

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