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Strategic Growth in Entrepreneurship

The document discusses strategic planning and growth for entrepreneurial ventures. It covers strategic inputs like the external/internal environment and mission, strategic actions like formulation and implementation, and outcomes like competitiveness and returns. It notes challenges to strategic planning like time scarcity and lack of skills/expertise. Benefits include vision, positioning advantages, and a strategic matrix model. The document also discusses venture development stages, building an adaptive firm, understanding growth stages, and unique managerial concerns of growing ventures.

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Syed Umar Shirazi Hashmi
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121 views11 pages

Strategic Growth in Entrepreneurship

The document discusses strategic planning and growth for entrepreneurial ventures. It covers strategic inputs like the external/internal environment and mission, strategic actions like formulation and implementation, and outcomes like competitiveness and returns. It notes challenges to strategic planning like time scarcity and lack of skills/expertise. Benefits include vision, positioning advantages, and a strategic matrix model. The document also discusses venture development stages, building an adaptive firm, understanding growth stages, and unique managerial concerns of growing ventures.

Uploaded by

Syed Umar Shirazi Hashmi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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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

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