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2-1 Entrepreneur as a Person
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2-2 Entrepreneurial Process 1)Identify/Evaluate Opportunity (Self Evaluation) 2)Develop Business Plan 3)Determine Resources Required 4)Manage The Enterprise
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2-3 Inner Control / Disciplined Risk taker Self Confident Self Starter Innovator Changed Oriented Persistent Visionary Leader Ability to manage change Communication Ability to Organize Network building Being a team player Interpersonal TYPES OF SKILLS REQUIRED IN ENTREPRENEURSHIP Personal Enterpreneurial Skills Business plan & goal setting Decision making Human Relations Marketing Accounting Management Control Negotiation Venture launch Managing growth Business Management Skills
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2-4 Opportunity Analysis Personal Observation (CB 1 / Self Relation) Market Need? Underlying Social Conditions Market Research Data Assess Competition- Patents? Where Money To Be Made
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2-5 Decision Making Manager vs. Entrepreneur Domain- Administrative vs. Entrepreneurial Strategic Orientation Commitment to Opportunity Commitment of Resources Control of Resources Management Structure
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2-6 01234567 1.I have the ability to communicate -------- 2.I have the ability motivate others -------- 3.I have the ability to organize -------- 4.I can accept responsibility -------- 5.I can easily adapt to change -------- 6.I have decision making capability -------- 7.I have drive and energy -------- 8.I am in good health -------- 9.I have good human relations skill -------- 10.I have initiative -------- 11.I am interested in people -------- 12.I have good judgment -------- 13.I am open minded and receptive to new ideas -------- 14.I have planning ability -------- 15.I am persistent -------- 16.I am resourceful -------- 17.I am self confident -------- 18.I am self starter -------- 19.I am a good listener -------- 20.I am willing to be a risk taker -------- Total Score-------- 01234567 1.I have the ability to communicate -------- 2.I have the ability motivate others -------- 3.I have the ability to organize -------- 4.I can accept responsibility -------- 5.I can easily adapt to change -------- 6.I have decision making capability -------- 7.I have drive and energy -------- 8.I am in good health -------- 9.I have good human relations skill -------- 10.I have initiative -------- 11.I am interested in people -------- 12.I have good judgment -------- 13.I am open minded and receptive to new ideas -------- 14.I have planning ability -------- 15.I am persistent -------- 16.I am resourceful -------- 17.I am self confident -------- 18.I am self starter -------- 19.I am a good listener -------- 20.I am willing to be a risk taker -------- Total Score-------- TEST YOUR POTENTIAL AS AN ENTREPRENEUR
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2-7 “Intrapreneurship” Instilling Entrepreneurial Spirit Within An Existing Organization To Innovate And Grow.
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2-8 Organizational Culture Corporate Climate/Reward System Favors Conservatism Climate/Reward System Favors Conservatism Follow Instructions, No Initiative Follow Instructions, No Initiative Hierarchy Of Authority Hierarchy Of AuthorityIntrapreneurial Develop Vision, Goals, & Plans Develop Vision, Goals, & Plans Suggest, Try, Experiment Suggest, Try, Experiment Flat Organizational Structure- Networking & Teamwork Flat Organizational Structure- Networking & Teamwork
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2-9 Cultural Norms/Values CorporateIntrapreneurial FragmentedWhole InstructionVision Controlled In Control Outer-DirectedInner-Directed AlienationResponsibility “Chores”Enthusiasm/Motivation Defined Limits Space/Freedom InterferenceTrust Distrust Belief In People ExpendableExpandable Limiting People Growing People
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2-10 Interest In Intrapreneurship Rising Interest in “Doing Your Own Thing” Corporation –Support To Retain Creative Employees –Fund Startups Hypercompetition Corporate vs. Intrapreneurial Culture
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2-11 Intrapreneurial Activities New Business Venturing InnovationSelf-RenewalProactive
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2-12 Climate for Intrapreneurship TechnologyTechnology New Ideas EncouragedNew Ideas Encouraged Trial/Error EncouragedTrial/Error Encouraged Failure AllowedFailure Allowed No Opportunity ParametersNo Opportunity Parameters Resources Available & AccessibleResources Available & Accessible Multidiscipline TeamsMultidiscipline Teams Long Time HorizonLong Time Horizon Volunteer ProgramVolunteer Program Appropriate Reward SystemAppropriate Reward System Sponsors/Champions AvailableSponsors/Champions Available Support of Top ManagementSupport of Top Management
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2-13 Intrapreneurial Leaders Understand Environment Have Vision/Flexibility Create Management Options Encourage Teamwork Encourage Open Discussion Build Coalitions Persist
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2-14 Establishing Intrapreneurship Commitment of Top Management Identify Ideas/Areas Interested In Supporting Use Technology For Flexibility Managers Share/Train Employees Get Closer to Customers Be More Productive With Less
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2-15 Evaluating Intrapreneurship Proposals Corporate Fit Initial Investment Experienced Venture Champion Experience With Product/Service Competitive Threat Proprietary Technology Gross Margin Rate Of Return
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2-16 Barriers To Intrapreneurship Inherent Nature of Large Organizations No Long-Term Commitment Lack Of Autonomy For Decision Making Lack of Intrapreneurial Talent Inappropriate Compensation Methods Constrained Environment
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