Entrepreneurial Managers - the Need of the Hour in a Competitive Environment - a...

Entrepreneurial Managers - The Need of the Hour in a hawkish Environment - A fancy up Analysis V. Balakumar, B.E, M.B.A JTO (Enterprise Business),BSNL, Madurai, Tamilnadu Email : vinbalakumar@gmail.com Abstract In todays competitive environment, Managers are constantly asked to deliver like entrepreneurs and vice versa. The manager is supposed to develop the jam and opportunism of the entrepreneur, and the entrepreneur is expected to learn the methodical disciplines of the manager. The pressures on both have become more intense as the economy has become more competitive, more entrepreneurial, more demanding. only if understanding the integrity of both the roles is the sine qua non of the hour. According to the outgo study of Innovation and Entrepreneurship by Peter Drucker, Entrepreneurs are not capitalists, or investors, or employers, although this is highly arguable especially the last. Also, quality of entrepreneurship is knowing how to raise, deploy and invest capital. The general explanation is that entrepreneurship involves taking risks. While that is true, so does all human activity. The risk head in taking an entrepreneurial decision is no unlike from the non-entrepreneurial risk of, say, offering somebody a job.

As per the explanation of Drucker, The entrepreneur always searches for change, responds to it, and exploits it as an opportunity. In this paper the Role of a modern day entrepreneur and the need for the innovative approach in the managerial behaviour is discussed. SWOT Analysis is proposed for the near future Entrepreneurial Managers. The Proposal of the integration of Change charge which is adopted by Entrepreneurs and the time Management which is followed by Managers is discussed. Index Terms : Entrepreneurial Managers, SWOT, Change Management, Time Management Review of Literature Entrepreneurship: Entrepreneurship as defined is a process through which individuals identify opportunities, allocate resources, and create value. This origin of... If you want to get a full essay, order it on our website: Orderessay

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