entrepreneurial

Examples of entrepreneurial in the following topics:

• Introduction to Entrepreneurship

  • In recent years, the term has been extended to include social and political forms of entrepreneurial activity, which are often referred to as social entrepreneurship.
  • Entrepreneurial activities differ substantially depending on the type of organization and creativity involved.
  • Many high-value entrepreneurial ventures seek venture capital or angel funding (seed money) to raise capital for building the business.
  • Corporations have become aware of the potential advantages of internal entrepreneurial activity and often have innovation specialists in their organizations to develop creative solutions for complex problems.
  • Incremental innovation is also largely recognized as a vital entrepreneurial pursuit.

• Types of Innovation

  • There are three main modes of innovation: entrepreneurial value-based, technology-based, and strategic-reflexive.
  • The first is an entrepreneurial value-based method where change is initiated by an individual's actions.

• Considering the Organizational Life Cycle

  • Daft first notes that the entrepreneurial (or startup) stage of an organization requires leadership.
  • Such structures allow small teams to experiment and react quickly as they try new entrepreneurial strategies while the larger organization maintains operative efficiency in established markets.

• Defining Intrapreneurship

  • Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful, learning from failures, attempting to conserve resources, and so on) adds to the innovation potential of an otherwise static organization without exposing those employees to the risks or accountability normally associated with entrepreneurship.
  • Incorporating entrepreneurial concepts into traditional corporate environments is easy to promote in theory: capturing the innovative attitudes of small start-ups within the larger organizational context (i.e., with more resources) seems intuitive.

• Differences Between Strategic Planning at Small Versus Large Firms

  • SMEs (small and medium enterprises) may employ an entrepreneurial approach due to its comparatively smaller size and scope of operations and limited access to resources.

• Types of Stakeholders

  • One common strategic partnership involves a larger company partnering with a smaller entrepreneurial firm or inventor to create a specialized new product.