Session 12 - Entrepreneurship _ Intrapanuership Fall 2009

Session 12 - Entrepreneurship _ Intrapanuership Fall 2009 -...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: IOE 421 Work Organizations IOE 421 Work Organizations Session 12 Entrepreneurship and Intrapreneurship October 16, 2009 IOE 421 Work Organizations • Today’s Lecture: • Characteristics of Entrepreneurship • Profile of “Intrapreneurship” • Expectations for Team Paper 01 • Assignments and Reminders Our Trajectory Today IOE 421 Work Organizations Why a Discussion on Entrepreneurship? ORGANIZATION STAGES OF DEVELOPMENT 1. Entrepreneurial Stage 2. Collectivity Stage 3. Formalization Stage 4. Elaboration Stage S I Z E Large Small Exciting, “Sexy” Topic Birthplace of All Organizations Challenging Future Interest to Many in this Class Misunderstood IOE 421 Work Organizations Entrepreneurship – What Is It? “You won’t find a single definitive explanation, but generally a entrepreneurial or start-up is a small company, most often with a high-tech focus, that is in the early stages of development, creating a product or service, or having a product or service needing manufacturing and / or marketing. They are looking to grow through possible venture capital funding, initial public offerings (IPOs) or acquisition by larger companies” – Career Action Center The definition of entrepreneurship for this course is: “The process of uncovering and developing an opportunity to create value through innovation and seizing that opportunity without regard to either resources or the location of the entrepreneur” IOE 421 Work Organizations What is an Entrepreneur? Definitions • One who organizes, manages, and assumes the risk associated with a business venture. • One who takes initiative to combine land, capital, and labor to produce an innovative good or service that is hoped to be profitable. • One who risks time, effort, reputation, and his or her invested funds as well as those of associates and stockholders. Quotes • “The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” – Peter Drucker • “An entrepreneur assumes the risk and is dedicated and committed to the success of whatever he or she undertakes.” – Victor Kiam IOE 421 Work Organizations • Competitive • Confident • Disciplined • Driven • Honest • Organizationally-minded • Exhibits Perseverance • Persuasive Characteristics of an Entrepreneur • Understanding • Visionary • Risk-taker • Need for Achievement • Sense of Independence • Internal Locus of Control • Tolerance for Ambiguity A sampling of entrepreneurial characteristics include: IOE 421 Work Organizations Modified Nadler-Tushman Open-Systems Model Technical Systems Human Resources • Selection • Roles • Personal Dynamics • Employee Needs Formal Organization Structure • Vertical • Horizontal • Standard Operating Procedures • Formal Reward System Informal Organization • Culture • Politics • Inter- departmental Relations • Organization Level • Department Level • Individual Level • Information Systems Internal...
View Full Document

This note was uploaded on 04/05/2010 for the course IOE 421 taught by Professor Santer during the Spring '10 term at University of Michigan.

Page1 / 24

Session 12 - Entrepreneurship _ Intrapanuership Fall 2009 -...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online