Entrepreneurship
Revision
What makes an entrepreneur?
3 main things in common:
- see o________ where others see p______
- can live with r____ and f_______
- have a d________ to r____ their own lives:
- have a problem with a________
- come from difficult b_________
What makes an entrepreneur?
3 main things in common:
- s__ opportunity where others see problems
- can _____ with risk and failure
- have a determination to run their o__ l___:
- have a p______ with authority
- come _____ difficult backgrounds
???
“An activity or art where those who have not
yet succeeded and those who have
proved unsuccessful are led by those who
have not yet failed.”
Management
“An activity or art where those who have not
yet succeeded and those who have
proved unsuccessful are led by those who
have not yet failed.”
Paulsson Freckner, 1985
Not the same kind of people?
ENTREPRENEURS vs. MANAGERS
(RB:p.32)
Not the same kind of people?
Sort out and compare
ENTREPRENEURS vs. MANAGERS (RB:p.32)
conventional background vs. troublemaker
college dropout vs. well-educated
able to rise through the ranks
vs. builds companies from nothing
troublemaker vs. promising kid
take risk vs. avoid risk
Use: 1. while, on the one hand – on the other
hand, whereas, compared to, on the contrary
2. usually, tend to be, are likely to be...
MANAGEMENT
• Effective management? - something you
are born with?
Dilemma: N _ _ _ _ e or n _ _ _ _ _ e
→ MK, p 12 What is management?
What is management?
Scan the text and match paragraphs and headings
Number the paragraphs and match with headings
A
Top management functions
B
Developing people
C
Motivating and communicating
D
Why is management important?
E
Planning
F
Nature or nurture? Or both?
G Measuring performance
H The 5 functions of managers according to P. Drucker
I
Organizing
Headings and paragraphs
1D 2H 3E
4I
5C
6G
7B
8A
9F
Matching
Are all headings on the same level?
Draft notes! (Headings only – leave space)
Read carefully. Get help with words you don’t
know.
→ Vocabulary, p 13
Vocabulary check
1D
2E
3B
4F
5H
6G
7A
8C
HW: 2 Complete sentences below (p 13)
What do managers do?
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set
accomplish
develop
allocate
analyze
select
perform
attain
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motivate
meet
make
communicate
supervise
measure
achieve
execute
Verbs
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accomplish
develop
allocate
analyze
select
perform
attain
motivate
communicate
supervise
measure
achieve
execute
and
nouns
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Verbs
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accomplish
develop
allocate
analyze
select
perform
attain
motivate
communicate
supervise
measure
achieve
execute
and
nouns
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accomplishment
development
allocation
analysis sg./analyses pl.
selection
performance
attainment
motivation
communication
supervision
measurement
achievement
execution
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Match the two columns to establish
collocations used in the text (MK p.12):
set
accomplish
develop
allocate
analyze
select
perform
attain
motivate
meet
make
communicate
supervise
measure
achieve
execute
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targets
people
tasks
subordinates
performance
objectives
strategies
tactics
resources
business activities
objectives
decisions
Managers are in charge of...
...planning: i.e. ...
...organizing: i.e. ...
...integrating: i.e. ...
...measuring: i.e. ...
...developing: i.e. ...
Read MK (Unit 2, p.12) and explain what is meant by
the concepts mentioned above.
Managers are in charge of...
...planning (objectives, strategies, tactics, resources)
VERBS?
...organizing (activities, relations, manageable, tasks,
people)
VERBS?
...integrating (social skills, objectives, pay &
promotion, subordinates and other people)
...measuring (staff performance, objectives/targets)
...developing (people)
TOP MANAGEMENT
RESPONSIBILITIES
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change management
innovations management
crisis management
relations with stakeholders (list???)
(Find parts of the text in Unit 2 discussing the
responsibilities listed above.)
Complete your notes!