ENTR 3312 - Chapter 5

ENTR 3312 - Chapter 5 - Chapter 5 Entrepreneurship in Other...

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Unformatted text preview: Chapter 5 Entrepreneurship in Other Entrepreneurship in Other Contexts: Non-Profit and Contexts: Non-Profit and Government Organizations Government Organizations Copyright (c) 2007 by Donald F. Kuratko All rights reserved. E Applying Entrepreneurial Concepts to the Non-Profit and Public Sectors The basic process steps and concepts The basic process steps and concepts presented in the previous chapters such presented in the previous chapters such as the definition of entrepreneurship, as the definition of entrepreneurship, entrepreneurial process, innovativeness, entrepreneurial process, innovativeness, risk taking, and proactiveness all apply risk taking, and proactiveness all apply to non-profit and public sector in the to non-profit and public sector in the same way that these concepts apply to same way that these concepts apply to private sector ventures. private sector ventures. E Identify an Opportunity Changing Demographics Emergence of New Market Segments Process Needs Develop the Concept New Organizational Structures/Forms New Curricula/Programs New Satellite Campuses/Sites Assess the Required Resources Needs for Skilled Employees Needs for Capable Students Needs for Funding Manage and Harvest the Venture Implementation of Business Concept Monitoring of Performance Payback to Resource Providers Acquire the Necessary Resources Early Tuition Payments Reliance on Faculty Expertise Lobbying Efforts with Legislatures The Entrepreneurial Process Applied to a College or University E Examples of non-profits and public sector Examples of non-profits and public sector ventures ventures Public universities Public universities PETA PETA The Big Dig The Big Dig United States Postal Service United States Postal Service Public transportation Public transportation Churches Churches E Frequency of Entrepreneurship Degree of Entrepreneurship social security department * water department * public transit * symphony orchestra * school * church * * garbage disposal DMV * Applying the Entrepreneurial Grid to Non-Profit and Public Sector Organizations E Exploring Entrepreneurship in Non-Profit Organizations Non-profit organizations (NPO) can be Non-profit organizations (NPO) can be categorized into three general groups categorized into three general groups Philanthropic organizations Philanthropic organizations Advocacy organizations Advocacy organizations Mutual benefit organizations Mutual benefit organizations E Contrasting For-Profit and Non-Profit Organizations Key Areas For-Profit Non-profit Organizations Stakeholders Shareholders Multiple Stakeholder interests Profit Highly divergent, often intangible Political influence Minimal, indirect Highly influenced by contracts, authority Funding Able to generate resources Often dependent on funding/donations Performance measures Financial/tangible Both tangible and intangible Final recipient of service Paying customer Typically non-paying beneficiary...
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ENTR 3312 - Chapter 5 - Chapter 5 Entrepreneurship in Other...

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