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Explore the psychological and sociological characteristics of entrepreneurial personalities, different types of risks they face, and the negative effects of ego in the context of corporate entrepreneurship. Understand the model of entrepreneurial motivation and the intrapreneurial framework, along with the categories of entrepreneurs and common myths associated with corporate entrepreneurship. Delve into the critical roles played by entrepreneurial managers and examine the viewpoint of subordinates towards them. Develop an entrepreneurial mindset by embracing change, managing uncertainty, defining goals, overcoming obstacles, and staying attuned to project dynamics.
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Corporate Entrepreneur • Entrepreneurial Personality • Types of Risk • Negative Effects of Ego • Model of Entrepreneurial Motivation • Intrapreneurial Framework
Corporate Entrepreneur - Continued • Categories of Entrepreneurs • Myths About Corporate Entrepreneurs • Critical Roles in Corporate Entrepreneurship • Subordinates View of the Entrepreneurial Manager • Entrepreneurial Mindset
Entrepreneurial Personality • Psychological Characteristics • Sociological Characteristics
Types of Risk • Financial • Career • Family and Social • Psychic • Stress: Expectations vs Ability
Negative Effects of Ego • Overbearing need for Control • Sense of Distrust • Overriding desire for Success • Unrealistic Optimism
Model of Entrepreneurial Motivation • Figure 5.1 • Antecedents
Intrapreneurial Framework • Intrapreneur? • Corporate Entrepreneurial Action • Conceptualization • Implementation • Figure 5.2
Categories of Entrepreneurs • Personal Achiever: Classic Entrepreneur • Super-Salesperson: Achieves success through networking, selling, and people skills • Real Manager: Strong Managerial skills with aggressive growth orientation • Expert idea Generator: Expertise plus creativity • No single best form
Myths About Corporate Entrepreneurs • Money is prime objective • High risk takers • “Shoot from the hip”, Luck is critical • Lack morals or ethics • Power-hungry attitude and must build an empire
Critical Roles in Corporate Entrepreneurship • Initiator • Sponsor/Facilitator • Champion/Manager • Team Supporter • Reactor • Other (15) • Skill Sets • Role of Sponsors
Function of Sponsor • Reflect personality and position of the champion • Nature of innovative project • Nonfinancial resources • Investment • Critics
Subordinates View of the Entrepreneurial Manager • 11 Behaviors • Payoffs
Entrepreneurial Mindset (EM) • Change as the future goal • Perceived capability to achieve change • Table 5.3
EM Maintenance Requirements • Framing the Challenge • Absorb Uncertainty • Define Gravity • Clearing Obstacles • Finger on the Pulse of the Project