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Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
CHAPTER 2
Entrepreneurial
Super-Hero
PART 1
THE ENTREPRENEURIAL
DNA
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Influences on entrepreneurs
Influences
on entrepreneursAntecedent
influences
Situational factors
Culture of society
Personal characteristics and traits
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Owner-manager DNA
• Need for independence
• Need for achievement
• Internal locus of control
• Ability to live with risk and uncertainty
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Entrepreneurial DNA
• Innovative
• Opportunistic
• Need for independence
• Need for achievement
• Internal locus of control
• Self-confidence
• Proactive and self-motivated
• Vision and flair
• Ability to live with risk uncertainty
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Michael Dell
We learned the importance of ignoring conventional wisdom and doing things
our way....It’s fun to do things that people don’t
think are possible or likely. It’s also exciting to achieve
the unexpected.
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
I have always lived my life
by thriving on opportunity
and adventure. Some of
the best ideas come out of
the blue, and you have to
keep an open mind to see
their virtue.
Richard Branson
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Implications for entrepreneurial
management
Creative,
innovative
Opportunistic
Achievement
‘Can-do’
‘Work is fun’
Sharing information
and knowledge
Change is normal
Celebrate
success
Measured
risk taking
Belonging,
ownership
Continual
learning
Self-confident
but realistic
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Michael Dell
A company composed of
individual owners is less
focused on hierarchy and who
has a nice office, and more on
achieving their goals.
Creating a culture in which every
person in your organisation, at
every level, thinks and acts like
an owner means that you need
to aim to connect individual
performance with your
company’s performance.
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Implications for
organisational structure
Structure must encourage:
• Opportunity spotting, creativity & innovation
• Sharing information, knowledge and learning
• Sense of ‘belonging and ‘ownership’
• Delegation and decentralisation
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Implications for management
Need for:
• Strong vision
• Good communication
• Good timing
• ‘Light touch’ and delegation
• ‘Positive’ attitude to encourage self-
confidence and self-efficacy
Corporate Entrepreneurship: Building the Entrepreneurial Organization by Paul Burns
Wrap Up
• Entrepreneurs are both born and made
• The linking of character traits of an individual
to the success of business.
• Success or failure in business comes from a
mix of many different things including the
history and experience of the entrepreneur.
• Sharing ownership to attract other
experienced manager loyalty.
• Entrepreneurship also influenced by
environment.