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    Topic 2: Entrepreneurial Management

    Uploaded by

    Amrezaa Iskandar

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    © All Rights Reserved
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    Topic 2: Entrepreneurial Management

    Uploaded by

    Amrezaa Iskandar
    70 views9 pages

    Original Title

    TOPIC 2

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    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    70 views9 pages

    Topic 2: Entrepreneurial Management

    Uploaded by

    Amrezaa Iskandar

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
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    Topic 2

    Entrepreneurial Management

    © 2014 by McGraw-Hill Education.  This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner.  This document
    McGraw-Hill/Irwin Copyright
    may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.  © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
    Learning Objectives
    • Managerial Vs Entrepreneurial Decision Making
    • Strategic Orientation & Commitment to Opportunity
    • Commitment & Control of Resources
    • Management Structure & Reward Philosophy
    • Growth Orientation & Entrepreneurial Culture
    • Learning from Failure

    2-2
    2-2
    Managerial Vs Entrepreneurial
    Decision Making
    Table 2.1- Distinguishing Entrepreneurially from Traditionally
    Managed Firm

    2-3
    2-3
    Managerial Versus Entrepreneurial
    Decision Making
    • Strategic orientation
    • Focuses on factors that are inputs in formulation
    of the firm’s strategy
    • Entrepreneurial orientation toward
    opportunity
    • Commitment to take action on potential
    opportunities

    2-4
    2-4
    Managerial Versus Entrepreneurial
    Decision Making
    • Entrepreneurial orientation toward
    commitment of resources
    • Minimizes resources that would be required in
    pursuing a particular opportunity
    • Entrepreneurial orientation toward control of
    resources
    • Focuses on how to access others’ resources

    2-5
    2-5
    Managerial Versus Entrepreneurial
    Decision Making
    • Entrepreneurial orientation toward
    management structure
    • More organic focus
    • Has few layers of bureaucracy between top
    management and the customer

    2-6
    2-6
    Managerial Versus Entrepreneurial
    Decision Making
    • Entrepreneurial philosophy toward rewards
    • Compensation is based on generation and
    exploitation of opportunity
    • Entrepreneurial orientation toward growth
    • Expand the size, rapid pace
    • Entrepreneurial orientation toward culture
    • Encourages employees to generate ideas, and
    engage in tasks that might produce opportunities

    2-7
    2-7
    Learning from Failures
    • Dual process model of coping with negative
    emotions
    • Oscillation between a loss orientation and a
    restoration orientation
    • Loss orientation
    • An approach to negative emotions that involves:
    • Working through and processing some aspect of the
    loss experience
    • Breaking emotional bonds to the object loss

    2-8
    2-8
    Learning from Failures
    • Restoration orientation
    • An approach to negative emotions based on:
    • Both avoidance and proactiveness toward secondary
    sources of stress arising from a major loss

    2-9
    2-9

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