A discussion on the value of companies providing an entrepreneur-friendly culture.
Written in 2006; 956 words; 10 sources; APA; $ 33.95
Paper Summary:
The paper lists some of the key components found in those companies that have developed a culture of comprehensive entrepreneur support systems. The paper discusses two companies, SAS of Cary, North Carolina, and IDEO of Palo Alto, California, who foster the entrepreneurial spirit, while simultaneously operating with great efficiency, productivity and profitability. The paper therefore shows how creating an effective entrepreneur support system can generate huge benefits for business owners.
Outline:
Introduction
Examples
Conclusion
From the Paper:
"Porras & Collins, in their book Built to Last (2002), argue that attracting passionate, entrepreneurial-minded employees who possess values compatible with a company's vision, purpose and identity will generate a supportive culture for implementing the company's high-level strategy, and will help to retain those employees. Entrepreneurs are competitive, motivated and disciplined, and are therefore likely to fit well with companies that can successfully create a climate whereby individual rewards are given to those who meet the challenges that contribute to specific goals and objectives, while simultaneously providing for employees' personal needs. Doing so requires formulating the proper blend of cultural qualities that promote collaboration, within a framework of minimal control, and which recognizes competence and performance. (Economic Development America - 2005)."
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