StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Entrepreneurial Psychology - Essay Example

Cite this document
Summary
From the paper "Entrepreneurial Psychology" it is clear that there are different aspects of entrepreneurs and people in general. These include love for independence, ambition, internal control, and taking risks. Entrepreneurs are may also be described as having different driving forces…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Entrepreneurial Psychology
Read Text Preview

Extract of sample "Entrepreneurial Psychology"

ENTREPRENEURIAL PSYCHOLOGY Part Evaluating the Performance of a father based on the ten roles of a manager identified by Henry Mintzberg The first role of a manager as identified by Henry Mintzberg is that s/he is the figurehead (Mintzberg, 2003, p. 8). This role is taken up by fathers in most nuclear families and this is also the case at our home where the dad takes up all social and legal responsibilities of the family. Moreover, every person at home looked up to the father as a source of inspiration and for guidance. The father also took up the responsibility of correcting us to ensure that we grew up to be disciplined children able to live independently in the future. Furthermore, as we grew up we looked up at our father to provide for most of our needs. The second role of a manager identified by Mintzberg is that he is a leader where s/he offers leadership to a team, department or even the entire organization (Allio, 2011, p. 8). It is from being a leader that a manager is able to manage the performance of each person in the group (Kibort, 2004, p. 33). This role is replicated at home where the father offered leadership at home. The father determined where we went for holidays, to church and even the schools we went. Moreover, when it comes to making major decisions about life for instance career choice, our father always came to our aid and guided us. This is motivated by the fact that he always wanted the best for us. According to Mintzberg, a manager acts as a liaison between the internal organization and the external contacts (Mintzberg, 2003, p. 9). He further asserted that a manager must be able to network well for the group. This role was performed at home by our father where he used to represent the family in issues like family businesses and also in issues of insurance and medical cover. In case of eminent threat to the family, the father was always at the forefront to defend us. In addition, our father networked to identify the best people to serve the interests of our family, for instance, he chose the family doctor for us. Mintzberg also explained that a manager must bear the role of being a monitor (Kibort, 2004, p. 33). To discharge this role effectively, a manager should continuously seek information that relates to the organization and the industry as a whole and identify any changes in the business environment. In addition, the manager monitors the team to assess their productivity and well-being. At home, this role was discharged by our father where he used to monitor our performance by having to see our report cards. He also monitored our health and had to know how each and everyone spend his day. By doing this, our father remained in control of our lives. A manager also plays a role of a disseminator where s/he communicates any important information to the members of the team (Dunphy and Meyer, 2002, p. 17). This role was discharged at home by our father who took the fore front in communicating any important information at the deliberated with our mother. For instance our father communicated to us decisions when we wanted to change our neighborhood or school. A manager is also a spokesman of the manager where he represents and speaks out for the organization (Allio, 2011, p. 8). To discharge this mandate, a leader transmits information about the organization and the goals of such an organization to the external people. This role was accomplished by our father at home where he took up the initiative of guiding visitors to our home where he would explain everything about his family, such as, our ages and educational level. Our father also took up the responsibility of explaining different issues about our family to our lawyers in case of a legal process. A manager is also an entrepreneur who is expected to control an organization. As an entrepreneur, a manager also solves problems, generates new ideas and implements them (Dunphy and Meyer, 2002, p. 17). Our father played this role actively in the family given that from a tender age we used to report any issues to our father to resolve them. Furthermore, in most cases he came up with new ideas such as proposing where to invest or to move to and actively implemented them for the benefit of his family. According to Mintzberg, a manager must be prepared to handle disturbances which can hit an organization (Mintzberg, 2003, p. 9). In handling disturbances, the manager also resolves disputes which may crop up within a group. This role is performed in family by our father who mediates any dispute among ourselves. In addition, our father plays a significant role in managing and ensuring that the family remains prepared against natural disasters. Our father remains and handles small accidents which may occur, for instance he ensures that he gets the family car fixed when a mechanical problem occurs. Although this may seem a small thing, it demonstrates that he is always ready to defend the family. A manager is also a resource allocator who determines which resources will be used in a given activity (Burgaz, 1997, p. 9). The resources allocated by a manager may include financial, staff and other organizational resources. This role is performed by our father who would determine which finances to be allocated in different projects. In addition, our father plays a role in determining when the family goes for holiday and when to make a new investment. A manager also plays a role in negotiating for the organization. The manager takes part in direct and important negotiations for the organizations about new acquisitions and other investments (Burgaz, 1997, p. 14). Our father performed this role by taking part in negotiating when acquiring new property and played a role in negotiating as we changed schools. In conclusion, Mintzberg described ten critical roles of a manager and should be performed by every person leading a group or team. The first three roles, that is, figurehead, leader and liaison are categorized as interpersonal roles. Monitoring, disseminating and being a spokesman are grouped in an informational category while entrepreneur, handling disturbances, resource allocation and negotiation are all under the decisional category. Part 2: Analyzing Erin Brockovich movie through application of Shane aspects The movie is based on a true story of Erin Brockovich who is represented in the movie by Julia Roberts who fights against a US West Coast energy company Pacific Gas and Electric (PG&E) Company. Julia Roberts is a single mother who is unemployed and had sued a doctor for compensation following a car accident. However, Julia fails to win the case in requests her lawyer to give her a job to compensate the loss and it is during her work in the office that she comes across a file about a deal where PG & E intends to buy the home of Donna Jensen. It is in the process that Julia realizes that PG&E has been paying for a doctor to attend to Jensen since they contaminate water with chromium. Julia makes a follow up of the case until the locals are compensated by PG&E for polluting their water. Based on the aspects of Shane, PG&E is motivated to engage in business in order to attain high achievement (Ascalon et al., 2008, p. 80). The company is driven by a desire to achieve high profitability. On the other hand, Julia who takes up a role to defend the plaintiffs in the case intends to ensure that the company operates meet high quality standards and improves performance for the benefit of the locals. The other aspect of Shane demonstrated in the movie is that of risk taking (Shane, Locke and Collins, 2003, p. 257). Julia accepts the face of uncertainty in life to influence the locals to come up with a law suit against the company. In bringing up another law suit, Julia is taking a risk given that she had already launched unsuccessful lawsuit against the same company. The aspect of self efficacy is also brought out in the case where PG&E continued to conduct its business although using a dangerous type of chromium with a belief that it would eventual be able to attain high quality environmental standards and triumph over various obstacles including rejection by the residents (Shane, Locke and Collins, 2003, p. 257). PG&E Company also based their activities on a Shane aspect of ‘internal locus on control’ where it had a belief that their actions would have a direct impact on how their business performs. Moreover, this aspect is brought out by Julia who took the initiative to influence a law suit against PG&E since it is only through the actions of the locals that could influence the company to observe quality standards (Ascalon et al., 2008, p. 80). Julia in her actions tolerated ambiguity since she began making a follow up about PG&E from Jensen although she did not have a clear understanding of its operations (Zahra and Dess, 2001, p. 9). She also acted on independence given that she did not concern the lawyer but took bold steps alone. Julia Roberts is also portrayed as an ambitious person who wants to ensure that people live in a safe environment (Ascalon et al., 2008, p. 80). Furthermore, PG&E is also ambition as it was seeking profitability. Lastly, the movie brings out the aspect of different driving forces when carrying out activities where PG&E is mostly driven by profitability while Julia is driven by love for the environment. In conclusion, there are different aspects entrepreneurs and people in general. These include love for independence, ambition, internal control and taking risks. Entrepreneurs are may also be described as having different driving forces, and have confidence that they can achieve self efficacy. Bibliography Allio, R.J. 2011, "Henry Mintzberg: still the zealous skeptic and scold", Strategy & Leadership, vol. 39, no. 2, pp. 4-8. Ascalon, E., et al. 2008, “Teaching Psychology of Entrepreneurship; Perspective from six European countries”, Universidad Nacional de Educación a Distancia, Madrid: pp 1-260. Burgaz, B., 1997, “Managerial roles approach and the prominent study of Henry Mintzberg and some empirical studies upon the principals work”, Hacettepe Universitesi Egitim Fakultesi Dergisi (13): 9-20. Dunphy, S.M., PhD. & Meyer, D. 2002, "Entrepreneur Or Manager? a Discriminant Analysis Based on Mintzbergs Managerial Roles", Journal of Business and Entrepreneurship, vol. 14, no. 2, pp. 17-0_11. Kibort, P.M. 2004, "Management vs. Leadership", Physician Executive, vol. 30, no. 6, pp. 32-35. Mintzberg, H. 2003, "Unconventional wisdom: A conversation with Henry Mintzberg", Leadership in Action, vol. 23, no. 4, pp. 8-10. Shane, S., Locke, E., and Collins, C., 2003, “Entrepreneurial Motivation”, Human Resource Management Review (13): 257–279. Zahra, S., & Dess, G. 2001, “Entrepreneurship as a field of research: encouraging dialogue and debate”. Academy of Management Review, 26(1), 8–11. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Entrepreneurial Psychology Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Entrepreneurial Psychology Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/psychology/1600518-entrepreneurial-psychology
(Entrepreneurial Psychology Essay Example | Topics and Well Written Essays - 1500 Words)
Entrepreneurial Psychology Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/psychology/1600518-entrepreneurial-psychology.
“Entrepreneurial Psychology Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/psychology/1600518-entrepreneurial-psychology.
  • Cited: 0 times

CHECK THESE SAMPLES OF Entrepreneurial Psychology

Management - Entrepreneurial Managers

entrepreneurial Managers Managers have the responsibility of organizing people and resources within an organization to achieve a common goal.... entrepreneurial skill is an essential skill that managers need to have.... However, critical role of mangers might be organization requires managers who have relevant entrepreneurial skills....
4 Pages (1000 words) Term Paper

Analysis of Entrepreneurial Psychology

Entrepreneurial Psychology Manager's job Working as a manger is a challenging task.... This is because of the variety of roles that one is supposed to play.... I have interacted with several managers in my career life.... One of them was my internship manager.... This manager performed somehow well in his responsibilities....
4 Pages (1000 words) Assignment

The Positioning, Entrepreneurial and Cognitive Schools of Strategy

It is most commonly used in conducting research in linguistics, history, communication, psychology, political science, education, and the study of complex organizations.... entrepreneurial Leadership The concept of entrepreneurial leadership is mostly concerned with the structured organization of a given group of people with the aim of causing them to be able to achieve a set common goal.... This is mostly achieved by the use of proactive entrepreneurial behavior ensuring that one optimizes the possible risks using innovative solutions to take advantage of any possible opportunities available....
3 Pages (750 words) Essay

Critically evaluate the contribution of psychological theories to our understanding of the entrepreneur

Introduction This paper explores the use of psychology to shed light on the entrepreneur, making use of insights from the traits and cognitive approaches in psychology to do so.... The cognitive approach, on the other hand, focuses on so-called cognitive processes as keys to understanding the psychology of entrepreneurs, and what makes for successes and failures.... This school of thought basically also discounts the power of the traits approach to make sense of entrepreneurs and entrepreneurial behavior and dynamics, and argues for looking into the thought processes of entrepreneurs and the way they relate to behavioral outcomes (psychology and Entrepreneurship 2013, slides 14-22; Barron 1998; Busenitz and Barney 1997)....
3 Pages (750 words) Essay

The Importance of the Strategic Abilities of Entrepreneur

An entrepreneurial Viewpoint (Name) (Institution) (Course) (Tutor) (Date) Risk and uncertainty form the basis of the definition of an entrepreneur.... hellip; Therefore, entrepreneurs have the ability to make According to Burns (2013:12) some of the characteristics and attributes with regard to my characteristics as an entrepreneurial person in accordance with my experience of working in teams included: proactive and decisiveness, ability to take risks, capability to live with uncertainty, internal locus of control, self-confident, innovative, self-motivated, intuitive, positive attitude, strength of character, integrity, ability to engender trust, visionary, self-confident, dedicated, and proactive....
5 Pages (1250 words) Essay

Enterprise Small Business Management

nbsp; There are two distinct schools of researchers in the field of Entrepreneurial Psychology.... The author examines factors such as culture, role models, work experience, education, and environment, and their influence on entrepreneurial behavior.... The relationship between the entrepreneur, personality characteristics and values helps explain why some become entrepreneurs and others do not....
8 Pages (2000 words) Assignment

The Entrepreneurial and Cultural School

This paper compares two schools of thought of entrepreneurial and culture in strategic management.... This basically asserts that a strategy could actually be viewed from different points of view but knowing the characteristics of how one is formulated and implemented in relation to the other....
8 Pages (2000 words) Case Study

Entrepreneurial Psychology: Family Business Problems

The prime focus of the paper “Entrepreneurial Psychology: Family Business Problems” will be on their business rather than the family because of the immense challenges in the business sector.... There are two distinct schools of researchers in the field of Entrepreneurial Psychology.... In this book, a noted group of researchers uses findings, methods, and theories of modern psychology.... In this book, a noted group of researchers uses findings, methods, and theories of modern psychology as the basis for gaining important, new insights into entrepreneurship-and into the hearts and minds of the talented, passionate professionals who create new business ventures”....
12 Pages (3000 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us