Entrepreneurial Management and Technology-based Firms

One of the factors that was identified to be a “push” factor for a corporate manager to consider starting or acquiring their own business is said to be the rigid organisational bureaucratic structure often existing in large firms. Bureaucratic structure in management often results in situation whereby a manager will have to follow long procedures and “channels” in attempts to get their employer to consider a new product or explore a new market that they suggest. This leads the author to suggest; to be fast at seizing business opportunities, firms should consider the various suggestions of the EM approach. Management structure of an entrepreneurial firm is characterised as the existence of flexibility within the organisation which was expressed by a flat and informal organisational structure. An implication for this will be the creation of a situation whereby an harmonious relationship between the employees of the firms.