Creating the Organization 379- What is meant by the “strength of weak ties”?
- Describe the changes in organizational structure that a firm might go through as it grows.
- How do entrepreneurial organizations create and maintain culture?
- What are some of the major ethical issues for the entrepreneur? Give examples. How should
these be resolved? - How can the management of human resources reinforce the culture, the ethics, and the val-
ues of the entrepreneur? Give examples.
EXERCISES
- Construct an “ideal” TMT for a new venture or for your business plan project.
- Role-playing exercise: Recruit a potential TMT member away from a large corporation by
persuading this person to join your team. - Decide which activities your business plan project or venture should do for itself and which
it should leave to the market. - Create an organization chart for your business plan project. What are the duties, re-
sponsibilities, and reporting relationships of the people represented in the chart? - What are the entrepreneurial values you wish to create and sustain in your business plan
project organization? How will you do this? - Create a balanced scorecard for your new venture. What are your goals and what specific
measures could you choose?
NETWORKING EXERCISES
- Identify a trade or professional organization that serves the type of business that you are
dealing with in your business plan. Call or write this association and request materials. What
does this organization do for its members? How can members get the most out of belong-
ing to this group? - Attend a meeting of a professional organization or group. What types of activities go on?
What kinds of behavior can you observe? Interview attendees. What reasons do they give
for attending these meetings? What benefits have they experienced? - Join a student club or group (if you do not already belong to one). Go to meetings and par-
ticipate in a few activities. Make new friends. What kinds of things did you do to become
friends with these people? What is the extent of the relationship? If you were going into
business, how could these new friends help?