Wk7-Lecture 6: Small Business Management
1.0 Traditional v/s Entrepreneurial Manager
|Traditional Manager |Entrepreneurial Manager |
|Tries to vitiate mistakes. |Is willing to make mistakes in order to learn. |
|Postpones recognising failure. |Admits mistakes and moves on. |
|Agrees with those in power. |Gets those in power to be committed to what should be through with(p). |
|Wants to please pass by management. |Wants to please customers, sponsor and self. |
|Likes the system and sees it as nurturing and protective. |Dislikes the system and learns how to cook it. |
|whole kit and boodle out problems by working within the system.
|Works out problems by learning how to bypass the system. |
|Utilises the pecking order as a basic power differentiation between levels. |Uses the hierarchy only as a tool for getting things done more efficiently. |
1.1Classical Management Versus Entrepreneurship
Class Discussion 1: Give your views on how classical management and entrepreneurship may par or contrast based on the following:
strategical orientation
Reaction to opportunities
Resource efficiency
Resource control
Organisation structure & function
Growth
2.0From ideas to byplay opportunities
For an idea to be transformed into a business opportunity, it should low of all represent something new or different. It should satisfy a need. Ideas can be generated by various means including creativity techniques. In order to be effective...If you want to get a full essay, order it on our website: Ordercustompaper.com
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