CLASS 13

STRATEGIC GROWTH IN
ENTREPRENEURSHIP
 STRATEGIC PLANNING

Strategic Input:
The External Environment
The Internal Environment
The Strategic (Intent and Mission)

Strategic Actions:
Strategy Formulation
Strategy Implementation

Strategic Outcomes:
Strategic Competitiveness Above- Average Returns
 THE LACK OF STRATEGIC

• Time scarcity

• Lack of knowledge

• Lack of expertise / Skills

• Lack of trust and openness

• Perception of high cost

 THE VALUE OF STRATEGIC PLANNING

• Fetal Visions in Strategic Planning

• Entrepreneurial and Strategic Actions

• Strategic Positioning: The Entrepreneurial Edge

• An Entrepreneurial Strategy Matrix Model

 VENTURE DEVELOPMENT STAGES

• New-Venture

• Start-up Activities

• Growth

• Business Stabilization

• Innovation or Decline
THE ENTREPRENEURIAL COMPANY IN THE
TWENTY-FIRST CENTURY

• Entrepreneurial Mind-set

• Managerial Mind-set

Table 13.2 Page# 395

 BUILDING THE ADAPTIVE FIRM

• Share the Entrepreneur’s Vision

• Increase the Perception of Opportunities

• Institutionalize Change as the Venture’s Goal

• Instill the Desire to be Innovative

• Reward System
• An Environment that allows for failure
• Flexible operations
• The Development of Venture Teams
UNDERSTANDING THE GROWTH STAGE
Key Factors during the growth stage

• Control

• Responsibility

• Tolerance of Failure
 UNDERSTANDING THE GROWTH STAGE
CONTINUE…
Managing Paradox and contradictions

• Bureaucratization Versus Decentralization

• Environment Versus Strategy

• Strategic Emphases: Quality Versus Cost Versus Innovation

UNDERSTANDING THE GROWTH STAGE
CONTINUE…

Confronting the Growth Wall

UNIQUE MANAGERIAL CONCERNS OF
GROWING VENTURES

• The Distinctiveness of size

• The One-Person-Band Syndrome

• Time Management

• Community Pressure

• Continuous Learning