ABSTRACT
After studying this chapter you will be able to:
Understand the importance of professional management in the typically unstable entrepreneurial business to efficiently and effectively navigate it toward its goals.
Distinguish between management skills, leadership skills and entrepreneurial-related skills, in order to fill in the ‘missing expertise’ in the business.
Identify the unique skills that managers of entrepreneurial businesses need to engage, unlike managers in established and non-entrepreneurial businesses, and use these skills to ensure management targeted toward a sustainable, competitive advantage.
Master the key factors unique to managing people and operations in entrepreneurial businesses.
Establish an underlying conception among the business’s staff that professional management is one of the most important strategic assets for the businesses.
Distinguish between types of leadership and their uses in entrepreneurial businesses.
Be more proficient at managing entrepreneurial teams by prompting employees’ commitment, creativity and enthusiasm.
Assess management quality in entrepreneurial businesses.
