Entrepreneurial School of Thought
Strategic Management
Entrepreneurial School of Thought
Submitted to Sir Imtiaz Mohar
3/19/2014
Submitted by:
Raheel Ashraf Malik
Hashma Ayaz
Nazish Ashraf Malik
Iqbal Saif Khan
MBA 6A
Contents
Introduction
The Design school resembles to the entrepreneurial school of thought to some extent. The extent being that it took central leadership as important, making the CEO- the architect of strategy. The difference however lies that it stopped short of working around that leadership and emphasized on conceptual framework and dismissed intuition. Entrepreneurial School of thought has however focused on the leader and the mental processes that the leader goes through such as Intuition, Experience, Insight, wisdom, and judgement. This relates the strategy with a perspective that formulates a vision and a sense of direction (namely vision) and all this is related to the leader himself.
Entrepreneurial school states that one leader has the say that makes the mare go. The organization and all the constituents of his business empire are responsive to his dictates. He moves carefully within the environment creating his own territory in the niche segment. The most central concept of this school is the vision that the leader creates. This image is broad and the guiding star in the pursuit of which the leader takes the organization along. This may never be fulfilled and along the pursuit many other rewards are received such as expansion, profits, market share, etc. The Entrepreneur may adapt the strategies according to the changing environment but the overall vision may remain to be unchanged. This makes the strategy both deliberate in the broader sense and the direction and emergent in its details that can be adopted and adapted according to the requirement of the route that the organization is on.
Origin in economics
The Origin of the entrepreneurial school can be traced back to the neo classical era of economics.
Entrepreneurial School of Thought
Submitted to Sir Imtiaz Mohar
3/19/2014
Submitted by:
Raheel Ashraf Malik
Hashma Ayaz
Nazish Ashraf Malik
Iqbal Saif Khan
MBA 6A
Contents
Introduction
The Design school resembles to the entrepreneurial school of thought to some extent. The extent being that it took central leadership as important, making the CEO- the architect of strategy. The difference however lies that it stopped short of working around that leadership and emphasized on conceptual framework and dismissed intuition. Entrepreneurial School of thought has however focused on the leader and the mental processes that the leader goes through such as Intuition, Experience, Insight, wisdom, and judgement. This relates the strategy with a perspective that formulates a vision and a sense of direction (namely vision) and all this is related to the leader himself.
Entrepreneurial school states that one leader has the say that makes the mare go. The organization and all the constituents of his business empire are responsive to his dictates. He moves carefully within the environment creating his own territory in the niche segment. The most central concept of this school is the vision that the leader creates. This image is broad and the guiding star in the pursuit of which the leader takes the organization along. This may never be fulfilled and along the pursuit many other rewards are received such as expansion, profits, market share, etc. The Entrepreneur may adapt the strategies according to the changing environment but the overall vision may remain to be unchanged. This makes the strategy both deliberate in the broader sense and the direction and emergent in its details that can be adopted and adapted according to the requirement of the route that the organization is on.
Origin in economics
The Origin of the entrepreneurial school can be traced back to the neo classical era of economics.