The 7 Ms of the Entrepreneur

      
			              Forum
			            
							              6

		            		Deepak Kumar Gurung
Entrepreneur, India
			            
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. Market.
				      
X

							  			Welcome to the Entrepreneurship forum. The topic being discussed here is: "The 7 Ms of the Entrepreneur". 
										
Get access to all of our 900 knowledge centers about management.  Join more than 1,000,000 other members. 

										Log in

Comments

																	  	Sort by date
																	  	Sort by rating
																		
Rating

										              4

						            	Kirk C. Heriot
Professor, United States
												
				                7 Ms is Missing an Important Element

													The 7M view looks at the entrepreneurial firm as a business that must be managed after it has been created.

It largely ignores the opportunity recognition (entrepreneurial alertness) that is so critical to the process of entrepreneurship. The 7 m's could just as easily be applied to the management of any organization.
				                
										              1

						            	Deepak Kumar Gurung
Entrepreneur, India
												
				                7 M's is Missing an Important Element

													Thanks for the valuable insight.

In my view, the 7th M takes care of the opportunity recognition. This 7th M here broadly implies:

- The physical market, 

- The virtual market, 

- The consumer mind, 

- The consumer need, 

- The market opportunity, etc.
				                
Leave a comment

		                            More on Entrepreneurship:
		                          
													            	Summary
													            
												              Discussion Topics
												            
		                          	What is the Contribution Entrepreneurs are Making to the Economy?
🔥The Four Models of Corporate Entrepreneurship
Bricolage Theory of Entrepreneurship / Innovation
Types of Social Enterprises Models
Typical Traits and Behavior of Entrepreneurs
A Startup Company in Multiple Industries?
Ten Commandments for Intrapreneurs
Why it is So Hard to Share with Businessmen?
How Entrepreneurs Reason and Make Decisions
👀The 7 Ms of the Entrepreneur
Ecopreneurship Challenges
Publish your Research in Entrepreneurship
What Exactly is Entrepreneurial Spirit?
Average Age of Entrepreneurs
Entrepreneurial Blitzkrieg as Solution to High Unemployment
How to Trigger / Ignite Entrepreneurship?
When should a Firm Engage in Social Business?
Common Risks in Entrepreneurial Companies
Starting a Company Aimed at Young People
What Type of Entrepreneur are You?
Small Business Mortality Rate
Steps to Become Self-Employed?

		                              Special Interest Group
		                            
Do you know a lot about Entrepreneurship? Become our SIG Leader