Session 12 - Entrepreneurship _ Intrapanuership Fall 2009

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

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Unformatted text preview: IOE 421 Work Organizations IOE 421 Work Organizations Session 12 Entrepreneurship and Intrapreneurship October 16, 2009 IOE 421 Work Organizations Todays 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 wont 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...
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Session 12 - Entrepreneurship _ Intrapanuership Fall 2009 -...

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