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Friday 22 February 2013

Small Business Management

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.

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|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
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