Entrepreneurial Practices and Management Strategies A Review / Ganesh, P.

By: Ganesh, P
Material type: ArticleArticlePublisher: 2013Description: 36 - 49Subject(s): Edi Faculty Papers | Innovation | Strategic Management | Entrepreneurship | Entrepreneurship-Perspectives And Practi | Entrepreneurship | Tenth Biennial Conference On Entrepreneu | Biennial Conference Papers In: Tenth Biennial Conference on EntrepreneurshipSummary: The highly uncertain and dynamic economic situation coupled with a competitive global environment creates both new threats and new opportunities, forcing entrepreneurs to become more and more strategic in their management approaches. This is becoming important for both new as well as established enterprises to compete and survive. Entrepreneurs are therefore forced to look at the identification of strategic opportunities and converting them into competitive advantages and better organizational performances. However, by its very nature, true entrepreneurship is not constrained by strategies or principles of management, and entrepreneurs are required to innovate and change continuously as they progress on their path of creating and exploiting opportunities and fulfilling customer and market expectations. They are thus driven more by the need to adapt, adopt and succeed. However, an established or realized venture needs to be more management and strategy oriented so as to be able to sustain, survive and succeed in the long run. There is thus a dichotomy in the approaches between entrepreneurship and management. Also, while both entrepreneurship and strategic management are focused...
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Articles Articles Ahmedabad (HO)
(Browse shelf) Vol. , Issue. Available 019148

The highly uncertain and dynamic economic situation coupled with a competitive global environment creates both new threats and new opportunities, forcing entrepreneurs to become more and more strategic in their management approaches. This is becoming important for both new as well as established enterprises to compete and survive. Entrepreneurs are therefore forced to look at the identification of strategic opportunities and converting them into competitive advantages and better organizational performances. However, by its very nature, true entrepreneurship is not constrained by strategies or principles of management, and entrepreneurs are required to innovate and change continuously as they progress on their path of creating and exploiting opportunities and fulfilling customer and market expectations. They are thus driven more by the need to adapt, adopt and succeed. However, an established or realized venture needs to be more management and strategy oriented so as to be able to sustain, survive and succeed in the long run. There is thus a dichotomy in the approaches between entrepreneurship and management. Also, while both entrepreneurship and strategic management are focused...

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