The most important thing an entrepreneur is driven by is intrinsic motivation - when you love what you are doing. Furthermore, entrepreneurship is driven by a context that enables the conceptual focus of the business undertaking and facilitates variability in activities. Basically entrepreneurship is a normal and natural behaviour that can be released under these circumstances.
The circumstances described above are the criteria for an entrepreneur’s success. And also a willingness to adjust the actions according to the circumstances without leaving the conceptual focus. The next factor is timing; to do something before others instead of waiting for the perfect action – too much analyssis is detrimental for entrepreneurship. And, finally, you need a certain portion of luck.
If we compare the main advantages and disadvantages of approaches to business as an entrepreneurial project and as an organizational structure, then the project is more flexible and therefore faster moving, but lacks resources and legitimacy.
The organisation is less flexible and slower, but has more resources and more legitimacy.The main distinguishing feature of entrepreneurial projects these days as compared to “traditional” ones is that today entrepreneurial projects are becoming much more network approaches. Previously it was more of single contributors.
Today entrepreneurship is more about creating opportunities than seizing opportunities.
In the future entrepreneurship will be even more a matter of creating opportunities in even more complex co-operation networks.
Therefore the communication skills will become even more important. The entrepreneur tomorrow must be able to take a lead in his/her network and not only restrict him/herself to managing his/her own project. |