Entrepreneurial Culture
CultureHuman product of social interactionCumulative-handed from generation to generationLearnt by each personMaterial as well as non material
Nature of CultureBasic beliefs and assumptions about the companyEmotional aspectReflect historyInherently symbolicSubstance and Form
Components of CultureValuesRules of ConductVocabularyMethodologyRitualsMyths and Stores
Levels of CultureThree levelsAssumptions SubstanceValues SubstanceArtifacts and Creations Form
Culture underlies all components of work environment that support entrepreneurship
Elements of an Entrepreneurial CulturePeople and empowerment focusedValue creation through innovation and changeAttention to the basicsHands-on managementDoing the right thingFreedom to grow and to failCommitment and personal responsibilityEmphasis on the future and a sense of urgency
Individualism vs CollectivismIndividualismSelf-orientationEmphasis on self-efficiency and controlPursuit of individual goalsValue system driven by pride in their own accomplishmentsCollectivismGroup-orientationSubordination of personal interests and goalsEmphasis on sharingConcern for group welfareEntrepreneurial Intensity is achieved by balance between individualism and collectivism
FailureEntrepreneurial Firm embraces itPerceivedPsychologicalTypes: Moral, Personal, UncontrollableFailure can enhance success only if learning is taking place
Sub-cultures of entrepreneurshipBusiness Ethics
Productivity Culture
Total Quality Culture
Individual leaders, Corporate values
Entrepreneurial vs. Administrative Culture
DimensionsCharacteristics- Entrepreneurial cultureCharacteristics- Administrative cultureStrategic orientationDriven by perception of opportunityBy controlled resources
Commitment to seize opportunityRevolutionary with short durationEvolutionary with long duration
Control of resourcesRentOwned
Management structureFlatHierarchy
Barriers to entrepreneurshipLack of viable conceptLack of market knowledgeLack of technical skillsComplacencyLegal constraintsMonopoly
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