Essay on How can a company develop an entrepreneurial culture?

Essay on How can a company develop an entrepreneurial culture?

Length: 769 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

How can a company develop an entrepreneurial culture?
Corporate culture can help to bind together members of the team as they internalize the values of the particular corporate culture. Individuals entering the enterprise for the first time are initiated into the culture in various ways, sometimes through a deliberate programmed of induction, and persuaded to identify with this culture which then influences their behavior. As a consequence, all will act in the desired way regardless of and in the absence of any sanction or incentive. In an ideal world neither incentive nor sanction are needed. Strictly speaking, neither is necessary in an enterprise with a strong corporate culture. Clearly it is not just a matter of any behavior. In an ideal world, the culture should encourage: • strategic thinking at every level of the organization • employees to be entrepreneurial, not just managerial • creativity rather than simply carrying out instructions • a cooperative effort to formulate and implement the strategy.

In your mind, how important is creative thinking within an organization or business?
It is a vital aspect of any creative activity, since creative thinking means thinking outside the normal boundaries. If a new idea is to change behavior, it needs to be argued out in the forum of the enterprise where there will inevitably be those who cannot agree. However any proposal for change almost always invites conflict of some kind, hostility from those opposed to a new way of thinking or to change as such. Any action resulting from creative thinking follows a process of persuading others to agree and support the action resulting disagreement is not necessarily damaging to the organization. It may assist the participants to under...


... middle of paper ...


...e is no clear cause and effect relationship between behavior and performance.

Explain.
The rules exist because of the degree to which behavior is repeated and particular types of problem recur. Through these rules, strategy enables enterprises to successfully seize opportunities in a fast moving market and environments of rapid change when there is not enough time for following more elaborate procedures. The rules can apply to a whole range of decision making areas notably the how to of a business behavior, setting the boundaries of various types of business activity, fixing priorities for the achievement of objectives and the timing of key decisions, such as when to exit from certain business areas. How business plans or models or a strategic plan is drawn up is a issue for individual managers to decide, according to the requirements of the particular industry.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Entrepreneurial Culture Has Created A Positive Effect Of Company Essay

- 2005). Consequently, entrepreneurial culture has created a positive effect of company to accomplish competitive advantage through innovation (Petrakis & Konstantakopoulou, 2015). Therefore, clusters based on fostering entrepreneurial culture are important for firms, especially SMEs, to gain opportunities for entrepreneurship. Since these clusters allow firms to adapt into networked enterprises, leverage core competencies in widespread activities and continue synthesis of new information (Carlsson & Mudambi, 2003)....   [tags: Entrepreneurship, Innovation, Natural environment]

Better Essays
870 words (2.5 pages)

Essay about Company's Strategic Plan Brings Higher Performance

- Within my team, we have several different personalities. As part of our company’s new strategic plan, which as research shows directly ties to higher performance levels. Based on our personality test, all of our team members have the ability to perceive new possibilities and are able to make effective decisions using logical objectivity. The team member’s personalities presented a unique challenge and require as the best management technique a hybrid between Autocratic, democratic and consideration....   [tags: employees, personalities, team]

Better Essays
844 words (2.4 pages)

Organizational Culture Of Organization And Its Employees Essay

- Every organization has its own culture that plays an important role in shaping the behavior of the organization and its employees. One definition of organizational culture states it is “the values and behaviors that contribute to the unique social and psychological environment of an organization” including “the organization’s expectations, experiences, philosophy, and values that hold it together” (Organizational Culture, 2015). Basically, organizational culture is the combination of a company’s “attitudes, beliefs, customs, and written and unwritten rules that have been developed over time and are considered valid” (Organizational Culture, 2015)....   [tags: Organizational studies, Organization]

Better Essays
1475 words (4.2 pages)

Essay on How Culture Affects Productivity

- The lunch-hour lecture may be a great idea, but it is not what we have in mind when we say that culture influences productivity. Mozart in the morning does not necessarily mean that five extra tonnes of ore will be produced per employee per shift. When we speak of the culture of an organization, we refer to the behaviour patterns and standards that bind it together. Some organizational cultures encourage productivity; many do not. Culture should not be confused with climate. Climate is the short-term mood of an organization....   [tags: Organizational Behavior]

Better Essays
1945 words (5.6 pages)

Entrepreneurial and Innovative Business Culture Essay

- Introduction: The publication of Oviatt and McDougall work “Toward a Theory of International New Ventures” in 1994 attracted an attention throughout the world to the increasing role of young firms in the global marketplace. The authors highlighted the importance of smaller and younger firms and their distinguishing features that stand them internationalize rapidly and create value for their owners and founders. The article of Zahra Shaker (2005) which is built on the abovementioned the seminal work of Oviatt and McDougall is essentially based on a few but very complex characteristics that sit at the base of successful international new ventures: entrepreneurial qualities of the company....   [tags: Business Management ]

Better Essays
1203 words (3.4 pages)

The Role and Responsibility of Company Leadership in Shaping Organizational Culture

- According to (Organic Workspaces, n. d) an organization’s culture refers to the observable, powerful forces in any organization, usually constituted by the employees’ shared values, beliefs, symbols, and behaviors. The organizational culture ideally influences its decisions and actions (Tharp, n. d). (Watkins, 2013) also defines organizational culture as a consistent and observable pattern of behavior in organizations. An organization’s culture channelizes individual decisions and actions at a subconscious level, and thus, can have a potent effect on an organization’s success....   [tags: company leadership, organizational culture]

Better Essays
1719 words (4.9 pages)

Essay on The Impact Of Globalization On The Corporation Of Mcdonald 's

- In the early 1940’s, the world was introduced to one of the largest companies within the food industry. What had started as a small entrepreneurial venture, quickly evolved into one of today’s largest fast food companies in the world. No matter where you in the world, everyone is capable of recognizing the big golden arches as a representation of the famous corporation, McDonalds. Their globally known status has functioned as a major contributor to consumer culture in Canada and as well as internationally....   [tags: Globalization, Culture, McDonald's, Sociology]

Better Essays
1156 words (3.3 pages)

The Disney Company : A Pillar Of American Culture Essay

- The Walt Disney Company is a pillar of American culture, and has had an immense impact on society as a whole, for decades. The films created are filled with beautiful messages, catchy songs, and colorful characters. When discussing Disney films, critiques, and viewers in general, tend to focus the conversation around the portrayal of women and the influence it has on young women. There has been an unavoidable debate concerning the ideologies promoted by the Disney films, and in particular its princesses, since Snow White came out in 1937....   [tags: Walt Disney, The Walt Disney Company]

Better Essays
889 words (2.5 pages)

Is Globalization Positive And Develop The World? Essay

- Is globalization positive to develop the world. Globalization can be defined as the process by which businesses or other organizations develop international influence or start operating on an international scale. (Oxford Dictionaries, 2016) Globalization is the buzzword of today as someone think it could develop the international. People can contact different things in their own place which are from other countries. Moreover, internet is more important things in globalization, whatever for personal or society as it can let us to contact the things in the outside such as the international news....   [tags: Culture, Globalization, Western culture]

Better Essays
1841 words (5.3 pages)

Essay about The Entreprenurial Process

- Introduction The Entrepreneur is, “an individual who takes initiative to bundle resources in innovative ways and is willing to bear the risk and/or uncertainty to act” (Hisrich, 2013). The entrepreneurial process is unique onto itself; for it does not merely involve the taking of tremendous risks, but also evokes some of the most creative and innovative characteristics of the individual. This dynamic process pushes the aspiring entrepreneur to his/her limits in a quest to take full advantage of particularly identified available opportunities in the marketplace....   [tags: risk, hewlett-packard, microsoft, dell]

Better Essays
1618 words (4.6 pages)