HRM and Entrepreneurship – Chapter 12

1. HRM and Entrepreneurship – Chapter 12 • Work Environment • Nature of HRM • Core Dimensions of a HRM System • Expectancy Model for Entrepreneurial Behavior • Creative Approaches that Reward Entrepreneurial Performance • Principles to Encourage Entrepreneurship

2. Work Environment • Fundamental level of analysis is the individual • Refers to context or surroundings an employee finds when he/she comes to the job each day • Set of conditions under which to operate • Management must help employees understand: • The entrepreneurial behavior desired by the organization • Their own innate ability to act entrepreneurially • The incentives for acting entrepreneurially as well as the penalties for failing to do so

3. Nature of HRM • Personnel vs Human Resources • Set of Tasks that include: • Acquiring • Training • Developing • Motivating • Organizing • Maintaining

4. Core Dimensions of HRM • Linkage between HRM practices and Entrepreneurship • Figure 12.1 • Five Categories • Job Planning and Design • Recruitment and Selection • Training and Development • Employee Performance Evaluation • Compensation and Rewards

5. Expectancy Model for Entrepreneurial Behavior • Entrepreneurial Motivation • Be innovative • Take calculated risks • Be proactive • Expectancy Model • Effort • Performance Evaluation • Rewards • Figure 12.2 • Based on linkages • 15 reasons employee might not be motivated to act entrepreneurially

6. Creative Approaches to Reward Entrepreneurial Performance • Table 12.4 • Rewards vs Awards • Clearly establish link between behaviors desired and a given reward/award

7. Principles that Encourage Entrepreneurship • Kanter Model • Table 12.5 • Must fit the organization