Role of Management in Corporate Entrepreneurship
Evaluate The Role Played By Corporate Entrepreneurs.
Evaluate The Significance And Impact That Organizational Culture May Have On The Intrapreneurial Experience.
Choose a Business And Explain Why It Might Be Considered Entrepreneurial
Evaluate Your Own Skills, Attributes And Behaviors Within Context Of The Company Stated And Explain How You Might Benefit It.
The aim of this paper is to discuss the entrepreneurial activities of the companies in this current business situations. This report will be discussing the features of the corporations and how the management roles can effectively contribute to the development of the companies. It is the process through which the different aspects of organisational operations go from one step to the other. It is the guidance of the managers effective in the decision making that improve organizational culture and positive growth of the companies in the global business scenario. This paper will be analysing roles of these entrepreneurs and their initiative to maintain a positive organizational culture. The most successful entrepreneurship of Apple Inc. will also be analysed here by detailing an entrepreneurial venture. This report concludes with the assessment of self as an entrepreneur so that the weaknesses can be transformed into strengths.
As the Scope of business after globalisation has increased more people are taking interest in entrepreneurship. Therefore it is becoming very competitive and always evolving (Nambisan 2017). Among all this businesses some are not being able to survive because they do not implement proper strategies to gain productivity and utilise resources effectively. In order to understand corporate entrepreneurship in the organisation it is important that the management play a greater role in attaining innovation creativity to get ready for risk (Read et al. 2016). In order to increase the productivity of the farm as well as the motivation level of the employees working in that organisation the essentiality of proper Management can be seen. the management of this type of organisation is not easy because it needs to survive in a very strong competitive surrounding. The large established companies already have the products and ideas in place which help them to make money and keep the company in the track but in the case of corporate entrepreneurship it is important that the management possess all the abilities to keep the company growing in every way (Kuratko 2016).
All of these reasons enquire whether the management of the corporations possess certain skills to cater the the needs of all the stakeholders role of Corporate entrepreneurship includes their point of view and actions taken to grow the organisation point some of them initiator champion, team supporter, sponsor, reactor and high risk takers (Nambisan 2017). Corporate entrepreneur’s play the responsibility of a role model who can motivate their subordinates by setting example of being model influencer for their power hungry attitude. Whatever the personality of an interpreter is get reflected in their decision making and actions. This is the reason why some of the entrepreneurs are initiator possessing higher amount of creativity and innovative business reflected in their product and services (Gawke, Gorgievski and Bakker 2019). Some can motivate the employees as a team supporter so that the employees can contribute their own skills in the growth of this company and some of them are champion managers who have all the needed capabilities to show path and achieve all the objectives of the organisation (Aceituno-Aceituno et al. 2018).
Organizational Culture and its Impact on Corporate Entrepreneurship
In this competitive world of business the quality of products and services do not determine the fate of the company but also the reputation regarding the management of human resource play role in getting popularity or support in every way (Anitha 2016). Every organisation is dependent on the top performers in achieving organisational objectives every year and gain all other support ethically. However in this competitive environment the employees are getting more and more opportunities to exploit their own skills and talents in different fields (Laforet 2016). This is the reason why keeping employees in the organisation and utilise their skills continuously has become critical question for the organisations. According to the hierarchy need of Maslow the employees have various types of demands and expectations from their organisation which mainly motivate them to stay longer with the organisation and contribute. In maintaining a positive workforce it is mandatory that the management keeps eye on maintaining organisational culture (Ogbonna 2019).
Organisational culture of the organisation decides whether the employees will be working ethically or unethically. With a strong organisational culture the employees experience a sense of engagement, belonging and commitment towards the company which is critical for achieving success (Laforet 2016). This decides the work culture and how much motivated the employees are in the workplace. Positive working culture leads to have positive influence upon the employees which ultimately leads the organisation positive brand image this goes a long way to create identity of the organisation as the exploitation rate of the employees and unethical measures taken in the workplace get reduced (Laforet 2016). In this competitive world of business the quality of production or service do not decide whether the customers will support them or not. It is also the operational factors guided by ethics which attract the customers and other stakeholders. This decides whether the brand image or reputation of the company will be fulfilling for the market and if not then in spite of producing high quality product and services the company cannot sustain.
Organisational culture in the company is important because this shapes the way the employees will be interacting with one another in the workplace (Anitha 2016). A healthy work culture can encourage the employees to stay loyal towards their management which is critical indeed to achieve the organisational goals. Positive work culture can promote healthy relationship among the employees and increase their team bonding. The engagement with one another can increase flow of knowledge in different level and the employees feel themselves empowered. The management therefore becomes capable to handle the teams more effectively and the human resource becomes a valuable asset for the company. It is also critical in facing in any problematic situation with Unity as an Emotional attachment is developed. Every organisation sets particular guidelines for the employees so that they can work accordingly. The culture of the organisation can represent certain predefined policies that can guide the employees and give them a sense of direction. Each and every individual of the organisation are clear with their roles and responsibilities and they know how they will accomplish their tasks within deadline. Positive working culture encourages the employees to extract the best from the management as well as all the available resources.
Successful Entrepreneurial Venture of Apple Inc.
Apple Inc. is one of the most successful entrepreneurship established by Steve Jobs. He along with Steve Wozniak founded this company from their garage with blue boxes phone phreakers so that people can make free phone calls across the country. Both of these entrepreneurs where the members of HomeBrew Computer Club and became in a mod with Kit computers. With this computer kit for building PC, they produced the first model of Apple. The company was established finally in 1977 by introducing Apple I and then the Apple II (Lockamy 2017).
Steve Job handled the sales and Woznaik did most of the production part initially that was enough to make money to launch another product in the market eventually. They created in of interest in these new products and attract venture capital. In 1978 the company made 2 million dollar in profit solely on the sales of Apple II which was set to create as well as sell their own programs (Lockamy 2017). This company went public in 1980 and the dynamic of the company was more or less set. The entrepreneurs Steve Jobs was a visionary who had intense and competitive management style. On the other hand the other partner Woznaik was genius and made his vision work reflected in the products of the company. This company started to operate during the gap Years by investing indifferent other organisations which were struggling but showed potential point the old obsession with the computers of the entrepreneurs created high end computers which were expensive with operating system representative of the best attempt in the world. This company is perfect example of entrepreneurship because it has started from a very small place and grown to a large Incorporation within few years (Lockamy 2017). It has developed itself from zero and now become one of the most reputed company in this globe. With the idea, foresightedness, management skills and vision, this company has grown from a garage and expanded itself to different parts of the world. Now this company has established itself to be an ideal for any other entrepreneurship Ventures influencing other entrepreneurs to think itself as a role model of success.
In my own life I have a short girl and a long term goal. In the short-term goal I want to be get placed in a human resource management position within 5 years and start my own company within 10 years. I have perfectly understood the roles and responsibilities of an entrepreneur manager for the growth of any company established by him and how ethical decision making can be supportive of this growth (St-Hilaire 2019). I possess different type of skills which manager in this competitive year of business need to poses like critical thinking, teamwork, effective communication, interpersonal skills, emotional intelligence, reasoning and risk taking mentality (Gawke, Gorgievski and Bakker 2019). I have went through different personality tests which have ensure that I work hard and very disciplined point I have organisational skill which allow me to arrange different resources available and utilise them when time come. I am a calm person who tend to make ethical decisions even if the time of problem.
Assessment of Self as an Entrepreneur
I have the ability of thinking from different points of view as I do not possess any buyers in terms of Gender and cultural ethnicity (Obschonka et al. 2017). I believe in providing equal importance of my subordinates so that they do not grow any negative working culture as mentioned before the organisational culture motivate the employees so I will be taking care of this through my decision making and actions.
I am an excellent team worker who believe in perfect flow of knowledge from one person to another. I have learnt that no information is an important in terms of business therefore I will allow all my team members to share their points of view in the decision making process. The diversity in thought process can help in finding solution to an impossible problem also (Gawke, Gorgievski and Bakker 2017). Through this teamwork I have developed certain communication style which can convince people and their logical thought process to work. I am not a rude person nor do I like to command over the other. This I think can motivate the subordinates by making them think that they are not feeling freedom in their actions. I negotiate depending upon the situation and try to create a Win-Win situation for all. I have emotional intelligence which always guide me to understand the psychology of the people with whom I am communicating (Obschonka et al. 2017). A Reasonable person like me only have risk taking mentality. However I often overthink about face loss and do not take work life balance more prominently.
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