Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between the entrepreneur and the manager of a larger firm. Burns reports that for the former, as opposed to the latter, there is a greater need to change one's role and one's approach to responsibilities as the company grows in scale. Burns indicates that his test is centered on how there are distinct traits which define the entrepreneur to the benefit of a company's early stages and, sometimes, to the detriment of a company as it grows. (p. xviii)
And as we find with further research, the text and our general topic are both concerned with how these individual characteristics intercede with one's understanding of that which is required of them during the growth phase. In addition to extensive consideration of the claims made in the text by Burns, the research process will touch on a wide array of sources focused on related organizational issues, theoretical lenses for viewing these issues, and various research-based examples of these theories in actual implementation and/or evaluation. In order to touch on this variance of subjects, the research presented hereafter will center on a literature review derived from full-length texts, scholarly journal articles, case studies, trade magazines and current newspapers or online news sources. The methods employed to conduct this literature review are delineated in the concluding section of our research, which reflects on the process producing the current account.
Subjects touched up by this literature review will run a necessary gamut of topics inherently relevant to today's business atmosphere and to the universal implications of entrepreneurialship. Among these subjects, discussion of Small and Medium Enterprise (SME) orientation will be essential. The role played by SMEs in comprising a free and competitive marketplace is essential. Indeed, as our research denotes, with the support of Burns' (2007) text, small and medium-sized enterprises are the lifeblood of growth, innovation and the realization of those individual aspirations which may ultimately come to command an empire. Burns (2007) tells that his text is primarily concerned with the firm as what he calls the dominant incarnation of business on a global scale. Burns indicates that his text is concerned with the way that the small firm starts up, grows to success or, by contrast, grows toward failure. To this point, he warns that a great many small firms pursuing growth experience economic stagnation. This, Burns indicates, is a problem which calls for greater investigation in light of the contribution of small firms to society. Namely, Burns views the small firm as a hotbed for innovation and the fostering of competitive markets. Therefore, he seeks to define the small firm as something more complex than just a scaled down variation on the larger corporation. In order to approach such a definition, Burns offers a discussion of the unique business quandaries faced by the small business, with special attention to family firms as well. (Bunrs, p. xviii)
Here, Burns helps to direct the gaze of this research toward the entrepreneur as a necessary and evolving figure. The research thereafter helps to contextualize this figure in a landscape of globalization, international outsourcing and persistent worldwide recession. It also helps to attribute to this figure the responsibilities of delegation, of balance and, most importantly, of flexibility as changes become necessary or desirable. The body of research also assesses the structural and strategic implications of change, employing some dominant theoretical frameworks for this purpose. Additionally, the body of research addresses concepts and theories of leadership, managerial principles and scholarly assessment of principles relating to personnel.
It is anticipated at the outset of the research process that consideration of this variance of sources will help to produce a nuanced and well-organized discussion on that which is demanded of the entrepreneur as a company grows from the pet project of one or a few individuals into a complex network of interdependent parts and scores of individuals reliant upon the firm for their own survival. It is thus hypothesized that the primary finding to be yielded here will be that during the process of organizational change and growth, the entrepreneur must also change and grow. The research hereafter will work to identify the ways that the entrepreneur must change and grow to steward an organization successfully through these stages.
Aim/Objectives
The primary aim of this research is to produce a comprehensive...
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