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Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question last year

What is strategic entrepreneurship?

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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

Some scholars have constructed an operational definition of a more specific subcategory called "Strategic Entrepreneurship". Closely tied with principles of strategic management, this form of entrepreneurship is "concerned about growth, creating value for customers and subsequently creating wealth for owners".A 2011 article for the Academy of Management provided a three-step, "Input-Process-Output" model of strategic entrepreneurship. The model's three steps entail the collection of different resources, the process of orchestrating them in the necessary manner and the subsequent creation of competitive advantage, value for customers, wealth and other benefits. Through the proper use of strategic management/leadership techniques and the implementation of risk-bearing entrepreneurial thinking, the strategic entrepreneur is therefore able to align resources to create value and wealth.

Strategic Entrepreneurship is a programme that helps you improve your entrepreneurial effectiveness, both in creating and launching new startups, and in identifying and developing opportunities within existing organisations.