Entrepreneur

Knowledge Center

   

Description of Entrepreneurial Organization. Explanation.

Contents

Premium

 

Definition Entrepreneur. Description.

Entrepreneurs are innovative persons having a low level of risk avoidance. They even have an 'appetite' for risk:

  • Entrepreneurs start a new business. This is intrinsically a risky venture.
  • They look for opportunities, which are always uncertain.
  • A new company normally has a strong focus on being successful from a financial perspective. To be financially successful, risk has to be taken. On the other hand, if too much risk is taken (shareholder) value can also be destroyed.
  • Entrepreneurs need to find a trade-off between risk and return.

Three Theories to Characterize Entrepreneurs

  1. An entrepreneur is someone who starts and organizes a business or a company (functional theory).

  2. Typical attributes or orientation of such an individual are: innovative, initiative, creativity, assuming financial risk, problem solving, visionary / strategic, seeing a Strategic Window, strong belief in their idea, optimism, engaging uncertainty, achiever, hard worker, leadership, accepting responsibility (supply theory).

  3. The demand theory holds that entrepreneurs mostly emerge out of the combination of entrepreneurial opportunities and people who are well-positioned to take advantage of them. Thus, anyone who encounters the right conditions might become an entrepreneur, if they find themselves in a position where they find a valuable problem that they alone can solve.

Definition Entrepreneurial Organization. Description.

An entrepreneurial organization could therefore be described as a company or agency that:

  1. Has recently started. Compare: Business Incubator.

  2. Displays the same attributes or orientation as an entrepreneur. Can-do attitude, is proactive, engages heavily in product innovation, is Agile, undertakes risky ventures, keen on achieving First-mover Advantage and short Time to Market, has a Flat Organizational Structure. Compare: Organization Chart.

  3. Is in a Competitive Environment offering entrepreneurial opportunities.

Entrepreneurial behavior can be stimulated by Incentives. The philosophy that focuses on stimulating individual employees to act in an entrepreneurial way is referred to as Intrapreneurship.


Entrepreneurship Special Interest Group


Special Interest Group (795 members)


Entrepreneurship Forum  

Recent topics

  How Entrepreneurs Reason and Make Decisions
Sarasvathy (2001) argues effectual reasoning (effectual logic) guides the understanding of how entrepreneurs process information and carry out ...
     
 
  Starting a Company Aimed at Young People
I always dream to create my own company aimed at young people. But how can I start and what do you think young people need? What product should i prov...
     
 
  What Type of Entrepreneur are You?
What type of entrepreneur are you: an entrepreOWNER or an entrepreSLAVE of your business?
You probably started your business to have more freedom...
     
 

Best Practices - Entrepreneurship
  What is the Contribution Entrepreneurs are Making to the Economy?
What are the contributions of entrepreneurs in national economic development?...
     
 
  Typical Traits and Behavior of Entrepreneurs
Can anyone give a reference or direction to understand entrepreneurs based on behavioural science or related fields. I am trying to understand cogniti...
     
 
  Why it is So Hard to Share with Businessmen?
I have been noticing that businessmen will typically not allow others to share with them. Even if someone is offering golden opportunities, they simpl...
     
 
  A Startup Company in Multiple Industries?
We have started a company and we are focusing on 5 fields simultaneously viz. software, telecom, construction and training and electrical contracts (l...
     
 
  Ecopreneurship Challenges
What are the challenges for an ecopreneur in 2012? What kind of strategies are needed? Could anyone give me some ideas on this topic? Who is the precu...
     
 



All you need to know about management


  Publish your Research in Entrepreneurship
For those of you that may be academics, please consider submitting your theory-based research on starting a business, entrepreneurship, small business...
     
 
  The 7 Ms of the Entrepreneur
An entrepreneur basically manages 7M's, namely;
1. Men
2. Machines
3. Material
4. Money
5. Method
6. Message
7. Mar...
     
 
  Entrepreneurial Blitzkrieg as Solution to High Unemployment
After analyzing the 2008 financial industry meltdown and the resulting jobs decimation, which has left us with an enduring 9 percent unemployment rate...
     
 
  Common Risks in Entrepreneurial Companies
Although every organization has to deal with a set of risks that are specific to the situation the company is working with, there are four risk catego...
     
 
  3 Types of Social Enterprise Models
The concept of ‘social enterprise’ is often understood differently by different people, mainly because it is an umbrella term which includes various b...
     
 
  Steps to Become Self-Employed?
I am an employee of a certain company, and I would like to become self-employed and my own employer. I have an interest in farming.
I have done t...
     
 
  Small Business Mortality Rate
State, local and federal government resources are expended each year to encourage entrepreneurship and small business start ups...
85% of all US ...
     
 

Expert Tips - Entrepreneurship
 

Classes of Innovation | Sources of Innovation

 
 
 

Entrepreneurial Strategies in Emerging Markets

 
 



Advance yourself in business administration and management



Resources - Entrepreneurship

Sources and Methods of Financing a Start-up Company or Small Business

 

The Influence of Emotions and Moods on Decision-Making and Entrepreneurship

 

Entrepreneurship: Characteristics and Success Factors

 

Techniques for Entrepreneurial Thinking

 

Establishing an Innovative Social Enterprise

 

Preparing a Feasibility Study

 

Entrepreneurial Finance: Sources Of Funding

 

Design Thinking for Innovation

 

Introduction to Social Entrepreneurship

 

Interview with Richard Branson on Entrepreneurship

 

Managing New, Dynamic Workplaces through Employee Engagement

 

Social Enterprises: an EU Political Perspective

 

Social Entrepreneurship for Sustainable Community Development

 

Writing a Business Plan for a Social Enterprise

 
 

News about Entrepreneurship


     
 

Videos about Entrepreneurship


     
 

Presentations about Entrepreneurship


     
 

Books about Entrepreneurship


     
 

More about Entrepreneurship


     



Accelerate your management career



Compare with: Organizational Configurations  |  Virtual Business  |  First-mover Advantage  |  Second-mover Strategy  |  Feasibility Study  |  Blue Ocean Strategy  |  Competitive Environment  |  Competitive Position  |  Illusion of Control Bias  |  Loss Aversion Bias  |  Disruptive Innovation  |  Innovation Adoption Curve  |  Flat Organizational Structure  |  Entrepreneurial Government  |  PAEI  model  |  Stretch Goals

Special Interest Group Leader















 

Return to Management Hub: Change & Organization  |  Communication & Skills  |  Decision-making & Valuation  |  Finance & Investing  |  Human Resources  |  Leadership


More on Management  |  Return to Management Dictionary  | 

 

This ends our Entrepreneurial Organization summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2018 12manage - The Executive Fast Track. V14.1 - Last updated: 23-10-2018. All names ™ of their owners.