Entrepreneurship Revision

What makes an entrepreneur? 3 main things in common: -see o________ where others see p______ -can live with r____ and f_______ -have a d________ to r____ their own lives: -have a problem with a________ -come from difficult b_________

What makes an entrepreneur? 3 main things in common: -s__ opportunity where others see problems -can _____ with risk and failure -have a determination to run their o__ l___: -have a p______ with authority -come _____ difficult backgrounds

??? An activity or art where those who have not yet succeeded and those who have proved unsuccessful are led by those who have not yet failed.

Management An activity or art where those who have not yet succeeded and those who have proved unsuccessful are led by those who have not yet failed. Paulsson Freckner, 1985

Not the same kind of people? ENTREPRENEURS vs. MANAGERS (RB:p.32)

Not the same kind of people? Sort out and compare ENTREPRENEURS vs. MANAGERS (RB:p.32) conventional background vs. troublemaker college dropout vs. well-educated able to rise through the ranks vs. builds companies from nothing troublemakervs. promising kid take riskvs. avoid risk Use: 1. while, on the one hand – on the other hand, whereas, compared to, on the contrary 2. usually, tend to be, are likely to be...

MANAGEMENT

Effective management? - something you are born with? Dilemma: N _ _ _ _ e or n _ _ _ _ _ e MK, p 12What is management?

What is management? Scan the text and match paragraphs and headings Number the paragraphs and match with headings A Top management functions B Developing people C Motivating and communicating D Why is management important? E Planning F Nature or nurture? Or both? G Measuring performance H The 5 functions of managers according to P. Drucker I Organizing Headings and paragraphs 1D2H3E4I5C6G7B8A9F

Matching Are all headings on the same level? Draft notes! (Headings only – leave space) Read carefully. Get help with words you dont know. Vocabulary, p 13 Vocabulary check 1 D2 E3 B 4 F5 H6 G 7 A8 C HW: 2 Complete sentences below (p 13)

What do managers do? set accomplish develop allocate analyze select perform attain motivate meet make communicate supervise measure achieve execute

Verbs and nouns accomplish develop allocate analyze select perform attain motivate communicate supervise measure achieve execute ?

Verbs andnouns accomplish develop allocate analyze select perform attain motivate communicate supervise measure achieve execute accomplishment development allocation analysis sg./analyses pl. selection performance attainment motivation communication supervision measurement achievement execution

Match the two columns to establish collocations used in the text (MK p.12): set accomplish develop allocate analyze select perform attain motivate meet make communicate supervise measure achieve execute targets people tasks subordinates performance objectives strategies tactics resources business activities objectives decisions

Managers are in charge of......planning: i.e organizing: i.e integrating: i.e measuring: i.e developing: i.e.... Read MK (Unit 2, p.12) and explain what is meant by the concepts mentioned above.

Managers are in charge of......planning (objectives, strategies, tactics, resources) VERBS?...organizing (activities, relations, manageable, tasks, people)VERBS?...integrating (social skills, objectives, pay & promotion, subordinates and other people)...measuring (staff performance, objectives/targets)...developing (people)

TOP MANAGEMENT RESPONSIBILITIES change management innovations management crisis management relations with stakeholders (list???) (Find parts of the text in Unit 2 discussing the responsibilities listed above.)

Complete your notes!