entrepreneurial models
DESCRIPTION
Model One A: Kuratko & Hodges The Creative Thinking ProcessTRANSCRIPT
Entrepreneurial Models" Learning is acquiring new or modifying
existing knowledge, behaviours, skills, values or preferences and may involve synthesizing
different types of information.“
Andrew TurnbullAberdeen Business School
Model One A: Kuratko & Hodges The Creative Thinking Process
Model One B: Churchill, N. The Opportunity Ladder
• The new business venturing into the unknown
• A small problem A becomes medium sized problem B, becomes large problem C
• Each needs more in the way of new skills and relies less on current skills
Model Two: Moore, C. The Entrepreneurial Process
Model Three: Davidsson, P. Economic-Psychological Model
Model Four: Gibb & Ritchie Mair Start Up Model
Model Five: Ansoffian Model (see also ‘Pettigrew’s Triangle’)
• Where are we now?Mission Aims, Goals, Objectives• Where are we going?
Review of internal environment (strengths, weaknesses) and external environment (opportunities, threats)
Strategic choice• How do we get there?
Implementation Monitor Reappraisal
Model Six: Eickhoff, M. & Jakob, C. The Business Evolution Process
Business PlanningBusiness Creativity
Creative or divergent Phase Analytical or convergent Phase
Idea-Generation
? !
Imple-mentation
Idea-Evaluation
Business Development
Definition of the Problem
Model Seven: Birkinshaw, J. Freedom v. Control in Enterprise Growth
Model Eight: Burns, P. Cycling
Model Nine a: Greiner, L. Five Growth Stages
Model Nine b: Scott & Bruce Managerial Stages Five Stages:Inception, Survival, Growth, Expansion, MaturityManagement Role:Direct supervision, supervised supervision, delegation/
coordination, decentralisation, decentralisationManagement Style:Entrepreneurial/individualistic, entrepreneurial/
administrative, entrepreneurial/coordinated, professional/administrative, watchdog
Organisation Structure: Unstructured, simple, functional/centralised, functional/
decentralised, decentralised/functional/product
Model Ten: McDonald, M. Knowledge Entrepreneurship
Model Eleven: Nicholls, A. The 7 Cs of the Entrepreneur’s Role
The entrepreneur needs to be a: • Creator – inventor of new/original ideas• Catalyst – inspiring others/creating synergies• Coordinator – mobilising/harmonising action• Contributor – supporting, enabling and
enhancing at the ‘interface’• Calculator – monitor, change, engineer• Champion – acting as advocate for the cause• Communicator – people focused and change
oriented, articulating the transformation
Other Models!• Porter’s 5 Forces• Wickham’s ‘The Strategic Window (of
Opportunity)’ (Chapter 22:Strategic Entrepreneurship, 4th ed.
• Bygrave’s ‘Ten Ds’• Carson (& Gilmore) ‘SME stages of
marketing growth’• What can you find? Original is good!