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Entrepreneurship; Management, Leadership: (Competencies: (Negotiation,…
Entrepreneurship; Management, Leadership:
Entrepreneurial Qualities:
Risk takers
Independent
Creative thinkers
Committed
Passionate visionaries
Good leader
Skills:
POLC
Environmental Scanning
Management vs Leadership:
Manager:
Relies on control
Power due to position
Maintains systems
Accepts status quo
Leader:
Develops new methods
Focuses on people
Challenges status quo
Power due to expertise
Management/Leadership Styles:
Laissez Fair
Transactional
Democratic/Participative
Transformational
Autocratic
Situational
Management Tasks:
Coordinating
Controlling
Communication
Leading
Delegation
Organising
Discipline
Planning
Decision making
Motivation
Competencies:
Negotiation
Customer service orientation
Judgement
Initiative
Empowerment
Analysis
Organisational awareness
Self-management
Communication
Teamwork
Global-awareness
Planning
Strategic-action
Entrepreneurs as Managers/Leaders:
Characteristics:
Visionary
Desire to achieve
Results driven
Ability to inspire
EQ
Communication skills
Motivational Factors:
Advantages:
More productive
Less staff turnover
Provide good customer service
Better bus image
Monetary:
Bonuses
Salary increases
Commission
Profit sharing
Non-Monetary:
Employee of the month
Job enlargement
Flexible hours
Job enrichment