Start from yourself your life your hobbies your work experience etc Some

Start from yourself your life your hobbies your work

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Start from yourself: your life, your hobbies, your work experience, etc. Some research evidence (direct and indirect) o Higher level of prior knowledge are associated with the identification of a greater number of opportunities and opportunities that are more innovative (Shepherd and DeTienne, 2005). o Experienced entrepreneurs will identify more business opportunities than inexperienced entrepreneurs (Westhead et al., 2009)
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© Copyright National University of Singapore. All Rights Reserved. Opportunity identification exercise 1. Read and do the exercise. o Note: the packet asks you to repeat the steps for 2 areas of passion. No need. Just choose 1 is enough for this exercise. 2. I will randomly pick 3 students to share his/her top new business idea. BUT you can volunteer!
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© Copyright National University of Singapore. All Rights Reserved. Roles in the CE process Hierarchical roles & advocate roles
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© Copyright National University of Singapore. All Rights Reserved. Hierarchical roles
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© Copyright National University of Singapore. All Rights Reserved. Hierarchical roles in CE process Top-level managers (“the entrepreneurial message must flow from the top” Hidgon (2000) Set compelling vision Well-designed company architecture “right” personnel Middle-level managers (Linchpins in the entrepreneurial organization) Conduit between those at the top and those at the operating level or front-line Endorse, refine, shepherd, and deploy entrepreneurial activities First-level managers and non-managerial personnel: entrepreneurship at the grassroots level Order takers Autonomous actors
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© Copyright National University of Singapore. All Rights Reserved. First-Level Managers and Non-Managerial Personnel These individuals are in unique positions to recognize entrepreneurial opportunities because they frequently Work at positions within the organization where much of the core transformational activity Have boundary-spanning responsibilities or important linkages to key external stakeholders associated with their jobs
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© Copyright National University of Singapore. All Rights Reserved. Advocate roles Who is mainly responsible for CE?
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© Copyright National University of Singapore. All Rights Reserved. Four Models of CE Organizational ownership: who, if anyone, within the organization has primary responsibility and accountability for new business creation?
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