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Business Development

Entrepreneurship

Maximizing Value from Opportunity

by Vadim Kotelnikov, Founder, Ten3 Business e-Coach for High-Growth Firms, 1000ventures.com

"Entrepreneurship involves seeking and pursuing opportunity. Successful entrepreneurship captures the value from opportunity"  - Colin Turner

 

Six Core Entrepreneurship Characteristics

essential to fulfill both an organization's potential and the individual's potential1

Employee

  1. Make decisive personal choice

  2. Design, develop, drive and determine

  3. Willingly risk moderate failure

  4. Establish interdependence among members

  5. Define project expectations

  6. Recognize concept value

Organizational

  1. Have agreed support strategy

  2. Provide initiative sponsorship

  3. Establish trial and error metrics

  4. Encourage diversified teams

  5. Allocate venture resources

  6. Provide performance and risk rewards

Related Chapters of the Business e-Coach:

Entrepreneur

Entrepreneurial Organization

Entrepreneurial Leadership

Entrepreneurship Defined

Entrepreneurship is willingly working together, risking, creating, implementing, driving and following through an innovative idea that seeks to maximize value from opportunity without constraint to existing models, structure or resources.1

 

Bibliography:

  1. "Lead to Succeed", Colin Turner, 2002

Founder - Vadim Kotelnikov. © Copyright by Ten3 East-West.  | Copyright | Glossary | Links | Site Map |

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