The Fragmentation of Entrepreneurial Function and the Role of External Control on Management Behavior (Report)
iBusiness 2011, Dec, 3, 4
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- €2.99
Publisher Description
1. Introduction The entrepreneurial function consists of the necessary decisions for the firm to carry out production, organisation and financial processes, in order to achieve a wellbalanced economic development. These activities consist in the transformation of information and objectives--which are the constraints of the decision-making process--in decisions, plans and programs put into explicit management operations by means of the work of organizational function. Therefore the core entrepreneurial activiity consists of a set of calculations carried out by the entrepreneur in order to take rational decisions and to accomplish the profitability opportunities that arise in various ways [1-5]. So we define "entrepreneurial computing activity" the set of quantitative determinations required to assess, in terms of efficiency, the possible alternative courses of action for achieving the objectives. These calculations, depending on the nature of the transformation involved in the decision, may be technical, economic and financial. The information, which constitutes the input of the entrepreneurial computing activity, relates to the internal variables of the firm, the conditions that characterize the supply and market and the institutional constraints that affect the economic operations of the unit. The production is developed in an environment characterized by constant technical, economic and social changes that must be kept constantly under control. The company achieves its goals in an efficient way when it gets the information necessary to operate in two directions: one is to adapt production processes to the evolution of technology and markets, the other to act positively on the market, changing the needs of consumers to its advantage and making the most of the action of competitors.