Entrepreneurship Climate in the Organization - Assignment Example

The traditional management concepts are mainly driven by perception of opportunity and controlled resources. Strategic orientation is determined and met within short duration with complete promise to every chance resulting up to a greater distance. But, the latest approach of entrepreneurship even focuses on the unofficial network structures maintained by the entrepreneur which helps in the betterment of management set up in turn. “Entrepreneurship at the firm level is not surprising because both entrepreneurship and strategy have important implications for the performance of the firm.

” (What me worry? How smart entrepreneurs harness the power of paranoia, n.d., p.62). The person who defines and designs various strategies is equally evaluated as his forwarded strategies. The novel ideas arise from various innovations occurring to contemporary marketing and management necessities. Those identified new approaches are often accepted by almost every firm to a maximum extent as they wish to run with the pace of existing business scenario. But, it is a real time fact that they are unable to implement those up to a cent percent limit; yet they are approaching of course.

What is the organization’s overall attitude toward innovation and change?Innovation and changes are tried to be adapted and implemented to the organizational structuring and functioning because a delay to capture novel variations in trade sector will make position to be degraded from the current. Traditional approaches keep track of resources and their utilization and related strategic possibilities limited within themselves. This can never help a firm out to a higher status in current market set up.

“Opportunities are focus of entrepreneurially managed firm.” (What me worry? How smart entrepreneurs harness the power of paranoia, n.d., p.61). Organizations can meet their entire objectives only from chances they achieve in their field of play. So, it becomes to make up for an attitude to accept and work towards modernization and revolutionize organization’s age old trends and approaches. Entrepreneurial culture can be cultivated to handle threats and challenges just to pace towards excellence of business and profit.

Based on your findings, what recommendations would you make to your organization’s leadership to increase an environment of creativity and innovation?The answer can be started with the words of Dave Lakhani who is the entrepreneur in Boise, Idaho saying “if you’re not a little bit paranoid, you’re complacent complacency is what leads people into missed opportunities and business failure.” (What me worry? How smart entrepreneurs harness the power of paranoia, n.d., p.61). This is the same idea of Andrew S Grove, president and CEO of Intel Corp.

who supports on paranoid requirements of an entrepreneur, which is accepted to the organization as well. The suggestion is on the same requirement for applying the same strategy for all firms to achieve entrepreneurial management success for organization, but paranoid character should never interfere with crucial analytical values of entrepreneur.