STRATEGIC ENTREPRENEURIAL BEHAVIOR
Updated A.Y. 2020-2021
The teaching aims at providing students with the basic notions in the field of strategic and entrepreneurial behavior, with a focus on both individual entrepreneurship and corporate entrepreneurship. More specifically, the teaching activities will deepen the theoretical and practical issues that affect decision processes in the entrepreneurial context, the organizational challenges related to the management of entrepreneurial idea, and the specific practices that should be arranged to effectively manage human resources in entrepreneurial ventures. Lastly, yet importantly, attention will be paid to the criteria that should inspire the crafting of effective business plans to formalize and implement entrepreneurial ideas.
KNOWLEDGE AND UNDERSTANDING:
The students will develop a greater awareness of the strategic, organizational, and management challenges that are met in the entrepreneurial arena. The main areas of focus will include: 1) the "spot" and the "identification" of entrepreneurial opportunities; 2) the assessment of feasibility and desirability of entrepreneurial opportunities; 3) the arrangement of the strategic and management solutions to exploit entrepreneurial opportunities and to make them profitable.
APPLYING KNOWLEDGE AND UNDERSTANDING:
The students will be continuously encouraged to factually apply the theoretical concepts and tools that are discussed during class activities. Case studies and case experiences, the in-depth discussion of success experiences, and role-playing activities will allow to critically understand the factors that are able to affect decision processes in the entrepreneurial context and to acknowledge the determinants of entrepreneurial success.
The students will gain a relevant autonomy in making judgement and evaluations related to the consistency and the feasibility of entrepreneurial opportunities. Due to the application of the theoretical and practical tools discussed during class activities, students will be able to gauge the pros and cons of the strategic, organizational and management options that are available to entrepreneurs to exploit their entrepreneurial idea.
The students will improve their communication skills, acquiring the jargon that is usually used in the entrepreneurial context. The communication skills of students will be stimulated through the discussion of project works that will be developed by teams of students during the class activities.
Alongside hard and explicit knowledge, the students will enhance their portfolio of skills through the achievement of soft and tacit skills. The focus on heuristics and the analysis of biases that are likely to directly and indirectly affect entrepreneurial decision making processes will permit to collect useful insights that will contribute to the individual and professional growth of students.
Hisrich, R., Peters, M., and Shepherd, D. (2018), Entrepreneurship, 10th Edition. McGraw Hill. ISBN: 978-9353163457
Foss, Nicolai J. and Klein, P. G. (2012) Organizing entrepreneurial judgment. A new approach to the firm. Cambridge University Press. ISBN: 9781139021173
Lianne, T. (2017) The Entrepreneurial Paradox. Examining the Interplay between Entrepreneurial and Management Thinking. Palgrave MacMillan. ISBN 978-1-137-56949-3
Overview of the teaching activities:
First Section (3 Credits)
- Introduction to entrepreneurship and entrepreneurial behavior;
2. Creativity and innovation;
3. Personality, personal background, and lifestyles;
4. Motivation and learning;
5. Internal and external context and relationships;
6. National culture and organizational culture;
7. Becoming a leader;
8. Growing as entrepreneurial leader;
9. Leadership styles.
Second Section (3 Credits)
- Conceiving an "entrepreneurial idea";
2. The "external" and the "internal" loci of the entrepreneurial idea;
3. A "contingency-based" approach to strategic and organizational entrepreneurial decisions;
4. Making the innovative organization working: the hard and soft organizational choices;
5. Building a strong organizational identify: harvesting the entrepreneurial idea;
6. The strategic and management tool for the success of the entrepreneurial idea;
7. The business plan and the formalization of the entrepreneurial idea;
8. The organizational plan and the implementation of the entrepreneurial idea;
9. The organizational design of entrepreneurial ventures.