Unformatted text preview: ommitment Tolerance for ambiguity Flexibility Internal locus of control The Entrepreneurial Opportunity
The Technological discoveries Demographic changes Lifestyle and taste changes Economic dislocation Calamities Government initiatives and rule changes Franchises Utilizing the Internet
Utilizing Transaction fee model Advertising model Intermediary model Affiliate model Subscription model Common Entrepreneurial Mistake
Common Lack of experience Undercapitalization Poor cash management Lack of strategic management Weak marketing efforts Poor location Lack of inventory control Inability to make the entrepreneurial transition How to Avoid the Pitfalls
How Know your business in depth Prepare a business plan Manage financial resources Understand financial statements Learn to manage people effectively Set your business apart from the competition Resources Used by Managers
Resources Human Financial Physical Informational Types of Managerial Roles
Types Interpersonal Figurehead role Leadership role Liaison role Informational Monitor Disseminator Spokesperson Types of Managerial Roles
Types Decisional Entrepreneurial Disturbance handler role Resource allocation role The negotiator role Principle Skills of a Manager
Principle Technical skills Human skills Conceptual skills Diagnostic skills Political skills Time management skills Managerial Competencies
Managerial Communication competency Informal Formal Negotiation Planning competency Information
Information gathering, analysis,...
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This note was uploaded on 02/13/2014 for the course MGT 330 taught by Professor Robertwaris during the Spring '13 term at University of Missouri-Kansas City .
- Spring '13