Define entrepreneurial culture and differentiate it from administrative culture.
Answers
Explanation:
Entrepreneurial Culture & Bureaucratic/administrative Culture:Material culture consists of man made things like T.V, phone etc while non-material culture includes language, ideas, beliefs, music etc. Culture when viewed from the point of view of business can be further divided into; Entrepreneurial culture.
Answer:
Explanation:
The customs, ideas & attitudes which are shared by a group makes up its culture & this is passed on from generation to generation by a learning process. The culture consists of material & non-material culture. Material culture consists of man made things like T.V, phone etc while non-material culture includes language, ideas, beliefs, music etc.
Culture when viewed from the point of view of business can be further divided into;
Entrepreneurial culture.
Bureaucratic culture.
Entrepreneurial culture includes the vision, values, norms, traits that are conducive for the development fo the economy. It is governed by the idea of opportunity, social values, ambition & helps the entrepreneur to do something valuable.
On the other hand, bureaucratic culture of administrative culture is corporate or organizational culture which focuses on existing opportunity, HRIS, controlling procedure in the company etc.
According to Stevenson, organizations must have both entrepreneurial & administrative culture. An able entrepreneur must be able to combine both the cultures for achieving excellence & success.