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Entrepreneurial Models

Entrepreneurial Models. " Learning is acquiring new or modifying existing knowledge, behaviours, skills, values or preferences and may involve synthesizing different types of information. “ Andrew Turnbull Aberdeen Business School. Model One A: Kuratko & Hodges The Creative Thinking Process.

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Entrepreneurial Models

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  1. Entrepreneurial Models "Learning is acquiring new or modifying existing knowledge, behaviours, skills, values or preferences and may involve synthesizing different types of information.“ Andrew Turnbull Aberdeen Business School

  2. Model One A: Kuratko & Hodges The Creative Thinking Process

  3. Model One B: Churchill, N. The Opportunity Ladder • The new business venturing into the unknown • A small problem A becomes medium sized problem B, becomes large problem C • Each needs more in the way of new skills and relies less on current skills

  4. Model Two: Moore, C. The Entrepreneurial Process

  5. Model Three: Davidsson, P. Economic-Psychological Model

  6. Model Four: Gibb & Ritchie Mair Start Up Model

  7. Model Five: Ansoffian Model (see also ‘Pettigrew’s Triangle’) • Where are we now? Mission Aims, Goals, Objectives • Where are we going? Review of internal environment (strengths, weaknesses) and external environment (opportunities, threats) Strategic choice • How do we get there? Implementation Monitor Reappraisal

  8. Model Six: Eickhoff, M. & Jakob, C. The Business Evolution Process

  9. Model Seven: Birkinshaw, J. Freedom v. Control in Enterprise Growth

  10. Model Eight: Burns, P. Cycling

  11. Model Nine a: Greiner, L. Five Growth Stages

  12. Model Nine b: Scott & Bruce Managerial Stages Five Stages: Inception, Survival, Growth, Expansion, Maturity Management Role: Direct supervision, supervised supervision, delegation/ coordination, decentralisation, decentralisation Management Style: Entrepreneurial/individualistic, entrepreneurial/ administrative, entrepreneurial/coordinated, professional/administrative, watchdog Organisation Structure: Unstructured, simple, functional/centralised, functional/ decentralised, decentralised/functional/product

  13. Model Ten: McDonald, M. Knowledge Entrepreneurship

  14. Other Models! • Porter’s 5 Forces • Wickham’s ‘The Strategic Window (of Opportunity)’ (Chapter 22:Strategic Entrepreneurship, 4th ed. • Bygrave’s ‘Ten Ds’ • What can you find? Original is good!

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