Entrepreneurship Change Management And Its Importance Essay

Submitted By 359182824QqCom
Words: 3777
Pages: 16
Open Document
Entrepreneurship, change management and its importance

Table of Contents
1. Introduction ................................................................................................................................... 3
2. The important of entrepreneurship change.................................................................................... 3
2.1 Definition of change and change management ....................................................................... 3
2.2 Reasons for change ................................................................................................................. 4
2.2.1. The change of enterprises’ macro-external environment .................................................... 4
2.3 Importance of changing .......................................................................................................... 4
2.3.1 Necessity of changing ...................................................................................................... 4
2.3.2 Feasibility of changing plan ............................................................................................. 5
2.3.3 Problem solving in the change process ............................................................................ 5
2.3.4 Manage resistance to help change success ....................................................................... 5
2.3.5 Change management ........................................................................................................ 5
Advice ............................................................................................................................................... 6
Advice 1: Soft problem have a unique way to solve. .................................................................... 6
Advice 2 Communication about change is very important ........................................................... 8
Advice 3 Apart from developing, company needs to have a capacity to change. ......................... 9
Conclusion ...................................................................................................................................... 10
Reference ........................................................................................................................................ 11

1. Introduction
In past years, the world has witnessed the process of rapid transformation. In that way, companies have to reform themselves according to the changes of internal and external environments. To avoid being knocked out in the market, companies need theoretical guidance to implement their successful change (Gray, 2002). Different enterprises are under distinctive situations thus they should adopt various change strategies. For instance, large companies have a lot of resources that act as “buffers” to the environment, they can easily resist the bad influence when environment changes. However, small and start-up enterprises take more pressure from the market and they are sensitive to the change of environment (Verdu-Jover, Llorens-Montes and Garcia-Morales, 2006). Therefore, SMEs have to control enough resources in order to adapt to new environment quickly, and then at the right moment, SMEs need to make correct decisions to survive and develop in the future. That is why we look into the problems of enterprise change and the key points of successful change as it makes sense to apply theory into practice (Kuratko, 2013) and change means a lot for modern enterprises.

This paper will firstly analyze the importance of the change and then put forward three suggestions according to the analyses. It would expatiate on the important effect that the three advises have on the enterprise change process based on illustrations and critical analysis.

2. The important of entrepreneurship change
2.1 Definition of change and change management
The change in this paper mainly refers to the managers adjust the enterprises to adapt to the enterprises’ internal or external
Show More

Related Documents: Entrepreneurship Change Management And Its Importance Essay

Management Principles Essay

CHAPTER 1 MANAGEMENT IN A DIVERSE WORKPLACE McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Define management Describe the levels of management Discuss the functions of management Explain the roles of a manager Describe the skills required to perform the work of management • Explain how principles of management are developed • • • • • 1-2 Learning Objectives • • • • • Define the glass ceiling Explain diversity Define entrepreneur…

Words 865 - Pages 4

Importance Of Entrepreneurship

CONTENTS PAGE 1Introduction 2Theme 1, Importance of entrepreneurship 3Theme 2, Profile of the business Business Environments oMicro Environment oMarket Environment oMacro Environment SWOT Analysis Findings about the organization 4Conclusion 5References 6Annexures 3 3 & 4 4 & 5 5 5 5 6 6 & 7 7 8 9 INTRODUCTION Entrepreneurship is less a personality characteristic than it is an economic phenomenon (Maranville, 1992). Entrepreneurship is when a business minded person takes courage…

Words 1001 - Pages 5

Natiuris Case Study

possibility of the identification of opportunities and to recognize any changes in the environment, the company has promoted R&D to constantly scan the external environment which is clearly considered as one of the central parts in the company. This permits Naturis to deepen its understanding of the market areas, hence increasing the likelihood of apprehending its emerging needs. Another organizational determinant which fosters entrepreneurship among Naturis is the well developed communication and integration…

Words 1265 - Pages 6

Essay on Social Objective Vs Financial

Francis Group, LLC ISSN: 1049-5142 print/1540-6997 online DOI: 10.1080/10495142.2013.759822 Social Entrepreneurship in Nonprofit Organizations: An Empirical Investigation of the Synergy Between Social and Business Objectives DAVID DI ZHANG and LEE A. SWANSON Department of Management & Marketing, Edwards School of Business, University of Saskatchewan, Saskatoon, Saskatchewan, Canada Social entrepreneurship in nonprofit organizations has emerged as an increasingly important domain, both in academic research…

Words 8263 - Pages 34

Essay about Study Guide

to organize, manages, and assumes the risks of a business. ENTREPRENEURSHIP- a dynamic process of vision, change, and creation that requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. ENTREPRENEURIAL MANAGEMENT- the techniques and principles of this emerging discipline will drive the entrepreneurial economy in the twenty-first century. MYTHS OF ENTREPRENEURSHIP: 1. Entrepreneurs Are Doers, Not thinkers 2. Entrepreneurs…

Words 1460 - Pages 6

Leadership Manifesto Essay

MY LEADERSHIP MANIFESTO Sarah-Jane Wilkinson Management Theory in Practise MY LEADERSHIP MANIFESTO Sarah-Jane Wilkinson Management Theory in Practise TABLE OF CONTENTS INTRODUCTION 3 LEADERSHIP 4 Leadership and Effective Leadership 4 The Relevance of Leadership in Today’s World 5 ENTREPRENEURIAL LEADERSHIP 7 Entrepreneurship and its Relevance in Today’s World 7 Entrepreneurial Leadership and its Importance in Today’s World 7 MY LEADERSHIP STYLE AND OVERALL REFLECTION 10 My Experiences…

Words 3439 - Pages 14

Relationship Between Innovation And Economic Development

‘Triangle’ is. A polygon with three sides and thus three angles. And attributing each angle to the three concepts, namely entrepreneurship, innovation and economic development is the best way to describe the relationship between the three. Depending on the definition, as there are many, we use for each individual concept we can vary the degree of their angle measure or importance in this triangle or relationship. Supporting this view of relationship Schumpeter(1934) argued that economic development…

Words 1983 - Pages 8

Essay on Corporate Entrepreneurship

Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests aformal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process…

Words 1298 - Pages 6

Unique Gift Baskets Case Study

customers to design and at times provide the materials and supplies for the baskets. UGB is growing at a rapid pace and is currently exploring the possibility of going global. As UGB grows, changes must be made. This paper will include strategies for use if the business goes global. Plans for building a management team to continue to lead the company in future growth, and potential challenges including how to overcome them without sacrificing our vision, mission or values. Strategies for Going Global…

Words 990 - Pages 4

Creative Industries and Higher Education Essay

Department for Culture, Media and Sport Creative Industries Division Developing Entrepreneurship for the Creative Industries Making the case for Public Investment 2 Developing Entrepreneurship for the Creative Industries Foreword by James Purnell MP, Minister for Creative Industries and Tourism and Chair of the Creative Industries Higher and Further Education Forum In 1998 and again in 2001, the Department published a Creative Industries Mapping Document which allowed for the first time the…

Words 3777 - Pages 16