33:620:301 Study Guide - Job Satisfaction, Professional Employer Organization, Washing Machine

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Commitment to opportunity: entrepreneurs are more committed to taking action on potential opportunity and can withdraw resources more quickly than traditionally managed firms: entrepreneurial orientation toward opportunity: a commitment to taking action on potential opportunity iii. Reward philosophy: compensates employees based on their contribution toward the discovery/generation and exploitation of opportunity: growth orientation: more focused on attaining rapid growth while traditional management favors slow and steady viii. Resources available and accessible: multidiscipline teamwork approach viii. Support of top management: leadership characteristics of corporate entrepreneurs: i. ii. iii. iv. Persists: establishing corporate entrepreneurship in the organization. Top management commitment: managers in an organization i. strongly supporting corporate entrepreneurship ii. iii. Top management interests in supported ideas should be identified along with amount of risk money to further develop the idea. Company needs to use technology to make itself more flexible: organization should be a group of interested managers who will train employees as well as share experiences v.