Small Business Entrepreneurship

Download Collective Entrepreneurship in a Globalizing Economy by Panos Mourdoukoutas PDF

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By Panos Mourdoukoutas

Mourdoukoutas argues that as globalization profits momentum and reengineering turns into common, organisations can not make certain of accomplishing sustainable aggressive benefits via stronger working effectiveness on my own. the hot company approach will concentrate on profit progress and at the positive destruction of traditional companies, via collective entrepreneurship and its department within the product offer chain. to reinforce sales during the administration of positive destruction, businesses needs to in achieving organizational mutations and variations, turning themselves from hierarchical managerial devices into entrepreneurial networks. those entrepreneurial networks are groups that proportion a typical destiny: the hazards and rewards linked to the invention and exploitation of recent companies. Mourdoukoutas says that during a few instances entrepreneurial networks should be prolonged outdoors the normal borders of the corporation?€”vertically to providers, vendors, and consumers, and horizontally to former opponents. In such networks the point of interest of commercial method shouldn't be at the department of work by way of job or procedure; particularly, upon the divison of entrepreneurship and its diffusion between all the firm's contributors. this can be a demanding and considerate examine and research for company administration and their educational colleagues.

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Extra resources for Collective Entrepreneurship in a Globalizing Economy

Sample text

Worse, the increasing interdependence associated with globalization compounds and magnifies the risks and uncertainties for companies operating in several world markets at the same time, especially in emerging markets; that is, a downturn in one market threatens the performance of a corporation in other markets. In the later part of 1997 and in 1998, American, European, and Japanese corporations with a large presence in Southeast Asia, for instance, suffered sales and profit setbacks due to their exposure in Asian markets, and the situation only became worse in the second part of 1998, when the Asian contagion spread to Russia and to a number of Latin American countries.

Acknowledging this new trend, a number of economists and business strategists have come up with new theories and new business strategies for the management of today’s enterprises. In Re-engineering the Corporation, business strategists Michael Hammer and James Champy argue for a new business strategy that replaces Frederick W. Taylor’s system of division of labor by individual task and its replacement by the division of labor by process. Hammer and Champy’s model has in essence eliminated middle management.

In such networks, the focus of business strategy of collective entrepreneurships should not be on the division of labor by task or process but on the division of entrepreneurship among their members. In either case, the strategy of collective entrepreneurship is subjected to its own limitations, namely the shortage of human talent, the difficulty of protecting intellectual property, especially in emerging market economies, and the conflicting roles among the members of entrepreneurial networks.

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