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Monday, July 25, 2005

Being a Master Entrepreneur

  • In today's environment, the speed of implementation or seizing is even more critical than the speed of seeking and screening opportunities.

  • The execution is done with a plan ready to be changed on the fly.

  • By the time the feasibility and sensitivity analyses are made and therefore ready to execute, someone more entrepreneurial has (or even many others have) already successfully implemented the same strategic intent.

  • Entrepreneurial opportunity seizing is however not being reckless; there is a basic plan of action and a clear view of the end in mind plus tasks and resources identified.

  • The key factors in the human or people resource are shared vision, shared passion, shared values and competence of the implementers.

  • Shared Vision, Shared Passion and Shared Values is a must.

  • What hasbeen seized will be stabilized and at this point of the life of the enterprise, operators and organizers who share the vision and values will take over.

  • Master Entrepreneurs should delegate the day-to-day routine tasks of system maintenance to competent managers. This will allow the Master Entrepreneur to start the OS cycle again and again.
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