1 / 13

CHAPTER 2 Entrepreneurial Super-Hero

PART 1 THE ENTREPRENEURIAL DNA. CHAPTER 2 Entrepreneurial Super-Hero. Personal characteristics and traits. Influences on entrepreneurs. Personal characteristics and traits. Antecedent influences. Influences on entrepreneurs. Personal characteristics and traits. Antecedent influences.

penn
Download Presentation

CHAPTER 2 Entrepreneurial Super-Hero

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PART 1 THE ENTREPRENEURIAL DNA CHAPTER 2 Entrepreneurial Super-Hero

  2. Personal characteristics and traits Influences on entrepreneurs

  3. Personal characteristics and traits Antecedent influences Influences on entrepreneurs

  4. Personal characteristics and traits Antecedent influences Situational factors Influences on entrepreneurs

  5. Personal characteristics and traits Culture of society Antecedent influences Situational factors Influences on entrepreneurs

  6. Owner-manager DNA • Need for independence • Need for achievement • Internal locus of control • Ability to live with risk and uncertainty SURVIVAL INSTINCT

  7. Entrepreneurial DNA • Innovative • Opportunistic • Need for independence • Need for achievement • Internal locus of control • Self-confidence • Proactive and self-motivated • Vision and flair • Ability to live with risk uncertainty GROWTH INSTINCT

  8. We learned the importance ofignoring conventional wisdomand doing things our way....It’s fun to do things that people don’t think are possible or likely. Its also exciting toachieve the unexpected. Michael Dell

  9. I have always lived my life by thriving onopportunity and adventure. Some of the best ideas come out of the blue, and you have to keep an open mind to see their virtue. • Richard Branson

  10. Implications for culture Change is normal Belonging, ownership Opportunistic Sharing information and knowledge Creative, innovative Celebrate success ‘Can-do’ ‘Work is fun’ Achievement Self-confident but realistic Measured risk taking Continual learning

  11. A company composed of individual owners is less focused on hierarchy and who has a nice office, and more on achieving their goals. Creating aculturein which every person in your organisation, at every level, thinks and acts like an owner means that you need to aim to connect individual performance with your company’s performance. Michael Dell

  12. Structure must encourage: Opportunity spotting, creativity & innovation Sharing information, knowledge and learning Sense of ‘belonging and ‘ownership’ Delegation and decentralisation Implications fororganisational structure

  13. Need for: Strong vision Good communication Good timing ‘Light touch’ and delegation ‘Positive’ attitude to encourage self-confidence and self-efficacy Implications for management

More Related