I ll quickly go through the definition of the entrepreneur.Entrepreneur is an enterprising individual who builds capital through risk and/or initiative.And Entrepreneurship is the act of being an entrepreneur or one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of entrepreneurship is that of starting new businesses(referred as Startup Company); however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity
Like the two sides of a coin. Entrepreneurship has a positive as well as a negative side .We all know the advantages of Entrepreneurship but today we are going to explore the negative side of the entrepreneurship. Many entrepreneurs have personality traits and behaviors that allow them to succeed in their businesses; however, these same traits can often prove detrimental in their roles as managers or co-workers. This is the dark side of entrepreneurship.
The author describes the characteristics by an example
Inability to work for others :- Thompson being an entrepreneur himself wouldn’t be comfortable working as an employee. WHY? Because entrepreneurs are the one who are decision makers and like to keep a control over organisation. It would be very difficult for him if he is getting controlled by someone else.Difficult Employee :- The entrepreneurial skills of an entrepreneur makes it unmanageable for a Entrepreneur to work as an employee. For Example :- He might not take the suggestions or orders from other people.Disagreements can lead to Conflicts :- When Entrepreneurs are kept under a subordinate position there are chances of disagreements which can lead to conflicts.
The desire to control rather then getting controlled :- Larry failed in his jobs because he couldn’t take the dominance of others over him. As given in the example he left his first job because fight with the department head over the issue of displaying the merchandise.Most of the Entrepreneurs do not work well under others. As they like to keep authority in their hands of assigning work to others. 3. In this case the inability to accept the rules and the consistent administration approval needed for evethingforced Larry to became an Entrepreneur.
EffectsOffering the deference needed of a subordinate is difficult. Obsessive concern with detail, for example, can stifle an organization, inhibit managers, and prevent accountability. They can be poor collaborators.In this entrepreneur’s situation, although his subordinates admired many of his qualities, they deeply resented being infantilized.
Dark Side of Enterpreneurship
Ami Sharma (124104)
Anant Lodha (124105)
Anika Agrawal (124106)
Who is an Entrepreneur and what is
the meaning of Entrepreneurship?
Two Sides Of Entrepreneurship?
JOHN WHITE’S DELIMMA :
John White is a CEO of a well known company in office
In order to expand his business he thought of acquiring a small
electronic component business.
Finally he got a seller named Lee Thompson who was ready to
sell his company giving a indication that he would like to stay
in the organization even after selling his firm.
Now the question is Would Thompson fit in with the parent.
• Difficult Employee
• Inability to work for others
• Disagreements can lead to Conflicts.
NEED FOR CONTROL
X Dominating behavior and forcing your point.
X Difficulty in changing role from “superior” to “Sub-ordinate”.
X Placing their “Grandiose Desires” at mercy of other.
X Contrasting attitude with that of managers.
X Mostly misfit as an employee and successful as an “ ENTERPRENEUR”.
LARRY MALCOM IN CONTROL OF THINGS:
Took his savings and went to Germany where
he met a designer. Managed to get in a few
orders for a from departmental stores.
Even his third job was a bizarre.
Clerical position in an apparel company.
A sporting goods sales person at a departmental
A college drop out.
Every morning the entrepreneur responsible for
a $20 million consumer product operation habitually
opened not only his own personal mail but also all
mail directed to the company.
In addition, he had to approve all requisitions. He
said it gave him a “feel” for the overall
functioning of the organization.
SENSE OF DISTRUST
X They live in fear of being victimized and want to be ready for any disaster.
X They are in a way “SICK” and continuously scan the environment for
X Always alert and on their toes.
X Focusing on certain troubled spots and ignoring others.
X The sense the smallest of harmless acts as “THREATS”.
In one of the cases when the headquarters
sent a consultant to help the newly joined
CEO to deal with the account related
problems, he was restricted by the ex-owner
on the grounds that the consultant might pass
on the information to his competitors.
The Vice-President of a company installed
cameras in the front and the back door with
the fear that the workers are stealing
product from the plant.
Birth Conquest Betrayal Death
X They feel that they live on edge and their success will not last long and for
which they constantly stress themselves.
X Their “Dreams” and “Grandiosity” always involve high position.
X They have that power to push and prove the wrong things as “right”.
X Despite of all the dangers they will still make it to the top.
X “SHOWING OFF THEIR POWER AND PRESTIGE”.
When an entrepreneur stand still’s an
industry in his hometown to flaunt his
power and prestige.
This gives him the sense of being
applauded by the people of hometown.
Such bias decision might endanger the
entire successful journey of an
THE DEFENSES WE USE :
Personality: It is determined by the way people
balance their views of the world with external reality.
Splitting: Tendency to see everything as either ideal
Problems: Discomforts and fears.
Scapegoating: Method people commonly adopt
to see themselves as blameless.
Fear: success and fear of failure.
Makes more enemies than friends.
Turning on “LIGHT”
qualities: Top managers
Dealing Qualities should heed a
with leading Acquisitions: few
stresses entrepreneu Acquisitions precautions
and strains. rs to attain don’t always before taking
achievement have happy a
. endings. entrepreneur