Dark Side of Enterpreneurship

MBA (FB&E)

PRESENTATION BY

Ami Sharma (124104) Anant Lodha (124105) Anika Agrawal (124106)

The Dark Side of Entrepreneurship

Who is an Entrepreneur and what is the meaning of Entrepreneurship?

Two Sides Of Entrepreneurship?

POSITIVE

NEGATIVE

JOHN WHITE’S DELIMMA :

John White is a CEO of a well known company in office equipment industry.

In order to expand his business he thought of acquiring a small electronic component business.

Finally he got a seller named Lee Thompson who was ready to sell his company giving a indication that he would like to stay

in the organization even after selling his firm.

Now the question is Would Thompson fit in with the parent.

• DISADVANTAGES :

• Difficult Employee

• Inability to work for others

• Disagreements can lead to Conflicts.

Need for Control

Sense of Distrust

Desire for Applause

X Dominating behavior and forcing your point.

X Difficulty in changing role from “superior” to “Sub-ordinate”.

X Placing their “Grandiose Desires” at mercy of other.

X Contrasting attitude with that of managers.

X Mostly misfit as an employee and successful as an “ ENTERPRENEUR”.

NEED FOR CONTROL

LARRY MALCOM IN CONTROL OF THINGS:Took his savings and went to Germany where he met a designer. Managed to get in a few orders for a from departmental stores.

Even his third job was a bizarre.

Clerical position in an apparel company.

A sporting goods sales person at a departmental store.

A college drop out.

EXAMPLE:

“ENTERPRENEUR”

Every morning the entrepreneur responsible for a $20 million consumer product operation habitually opened not only his own personal mail but also all mail directed to the company.

In addition, he had to approve all requisitions. He said it gave him a “feel” for the overall functioning of the organization.

X They live in fear of being victimized and want to be ready for any disaster.

X They are in a way “SICK” and continuously scan the environment for

suspicions.

X Always alert and on their toes.

X Focusing on certain troubled spots and ignoring others.

X The sense the smallest of harmless acts as “THREATS”.

SENSE OF DISTRUST

EXAMPLE: In one of the cases when the headquarters

sent a consultant to help the newly joined

CEO to deal with the account related

problems, he was restricted by the ex-owner

on the grounds that the consultant might pass

on the information to his competitors.

The Vice-President of a company installed cameras in the front and the back door with the fear that the workers are stealing product from the plant.

Birth Conquest Betrayal Death

DESIRE FOR APPLAUSE

X They feel that they live on edge and their success will not last long and for

which they constantly stress themselves.

X Their “Dreams” and “Grandiosity” always involve high position.

X They have that power to push and prove the wrong things as “right”.

X Despite of all the dangers they will still make it to the top.

X “SHOWING OFF THEIR POWER AND PRESTIGE”.

EXAMPLE:

When an entrepreneur stand still’s an industry in his hometown to flaunt his power and prestige.

This gives him the sense of being applauded by the people of hometown.

Such bias decision might endanger the entire successful journey of an entrepreneur.

THE DEFENSES WE USE :Personality: It is determined by the way people

balance their views of the world with external reality.

Splitting: Tendency to see everything as either ideal or persecutory.

Problems: Discomforts and fears.

Scapegoating: Method people commonly adopt to see themselves as blameless.

Fear: success and fear of failure.

Makes more enemies than friends.

Dealing with

stresses and strains.

Leadership qualities: Qualities leading

entrepreneurs to attain

achievement.

Acquisitions: Acquisitions don’t always have happy endings.

Management: Top managers should heed a few precautions before taking a entrepreneur on board.

Turning on “LIGHT”

Thank-You

Any QUESTIONS ??