Establishing 'Making it Happen' as a 'Formal & Predictable' Discipline

	Entrepreneurial Way of Managing Business

Execution-MiH ENCYCLOPEDIA → Execution Making-it-Happen → SECTION - Entrepreneurial Execution →

CHAPTER -

Entrepreneurial Behavior is Core to Execution Success

Today's organizations desperately require an entrepreneurial mind-set (irrespective of the size). This chapter sets the context for entrepreneurial traits which are key to 'Execution-Making it Happen'.

Topics

Why Entrepreneurship should be a core organizational value for Execution Excellence

In today's world no organization is too big to fail, or too stable to sink. Due to severe competition, companies operate at thin margins with low shock-resistance, disruptive technologies & business models are in abundance and funding can drive in a blink. To thrive in this new-age of uncertainty & insecurity, entrepreneurship is one ageless value, which is most precious asset in the human capital.

Organizations need to re-structure for building entrepreneurial culture

Organizations should include entrepreneurship as one of the key execution leadership competencies. This should lead to a change in hiring considerations, job descriptions, competency matrix, rewards & incentives and greater empowerment.

Entrepreneur vs. entrepreneurial mind-set

Entrepreneur is essentially a person in a start-up or grow-up state. Entrepreneurial mind-set is a set of inherent & acquired traits, which helps an individual to demonstrate creativity and success in a demanding environment.

Identifying Entrepreneurial Minds

Entrepreneurship is partly inherent and partly acquired. It is also the fact that one cannot expect everyone to develop enterprising mind-sets. By building an environment to assess and promote this value, an organization can quickly identify the people who have that inherent DNA.

Nurturing Entrepreneurial Minds

Nurturing commercial & inventive minds, requires changes in mainly three areas- changing leadership competency matrix**, making changes in the processes which would enforce an enterprising approach and focused training & development.