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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