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Explore the key factors for cultivating a dynamic organization through fostering growth and change, and adopting a new paradigm shift in contemporary management. Learn about the entrepreneurial skill sets, different managerial functions, and how to develop appropriate leadership in today's business landscape. Discover the PAEI Theory and the paradigm shift necessary for sustainable competitive advantage.
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The Entrepreneurial ImperativeChapter 1 • Contemporary Management • Internal Transformations • Fostering Continuous Growth and Change • New Paradigm • Entrepreneurial Imperative
Contemporary Management • Skill Sets • Efficiency versus Effectiveness • Managerial Functions
Internal Transformations • Life Cycle • Key Factors for Cultivating a Dynamic Organization: • Control • Responsibility • Tolerance for Failure • Change and Flexibility
Fostering Growth and Change • Expecting the unexpected • Anticipating the end of rapid growth • Assessing growth and maintaining focus • Developing sources of objectivity • Thinking like an entrepreneurial company • Developing appropriate leadership
New Paradigm • Table 1.2 • Sustainable Competitive Advantage (SCA) • SCA Attributes • Adaptability • Flexibility • Speed • Aggressiveness • Innovativeness
Entrepreneurial Imperative • PAEI Theory: Producing, Administering, Entrepreneuring, and Integrating • Entrepreneurial Role • CE Framework • Paradigm Shift