MGMT-121 Chapter Notes - Chapter 5: Scalability, Organizational Structure, Divergent Thinking

• School: MacEwan University
• Department: Business Management
• Course: MGMT-121
• Professor: Dawit Isaac

Document Summary

Learning outcomes: embrace the capacity of entrepreneurial thinking. 2. and practices to add value in both new and existing organizations. Identify opportunities and build the business case for launching an entrepreneurial/intrapreneurial venture: choose appropriate organizational structures to support an entrepreneurial culture, make appropriate choices in leading an entrepreneurial venture. Learning outcomes: deploy appropriate control structures to respond to the unique challenges faced by entrepreneurial ventures. The process of starting new organizations, generally in response to opportunities. Organizations that are started in response to needs within the community. The entrepreneur creates an opportunity through innovation and then takes advantage of it. In the process of transformation that accompanies a radical innovation, the way things were done before is destroyed. Entrepreneurs are able to perceive the opportunities for entrepreneurial profits by being sensitive to signals in the marketplace. Role is to constantly look for imbalances in what people need and what is available (opportunities) and then take advantage of them.