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DEVELOPING AN ENTREPRENEURIAL ORGANISATION; A DRIVE FOR NATION BUILDING

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CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND TO THE STUDY

Pinchot (1984) defined entrepreneurs as “dreamers who do. Those who take hands-on responsibility for creating innovation of any kind, within a business”. In 1992, The American Heritage Dictionary acknowledged the popular use of a new word, enterpreneur, to mean “A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation”. The researcher is of the opinion that such risk taking and innovation coupled with the profitability accrued from it will make an enterpreneural organization a veritable for nation building. Koch (2014) goes further, claiming that enterpreneurs are the “secret weapon” of the business world. Based on these definitions, being an enterpreneur is considered to be beneficial for both enterpreneurs and large organizations. Companies support enterpreneurs with finance and access to corporate resources, while enterpreneurs create innovation for companies. Such organizations can be described as Enterpreneurial organizations. Entrepreneurial organizations are known to be operated with practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship. The first written use of the terms ‘entrepreneur’, ‘Entrepreneurial,’ and ‘entrepreneurship’ date from a paper written in 1978 by Giord Pinchot III and Elizabeth Pinchot. Later the term was credited to Giord Pinchot III by Norman Macrae in the April 17, 1982 issue of the Economist. The first formal academic case study of corporate entrepreneurship or entrepreneurship was published in June 1982, as a Master’s in Management thesis, by Howard Edward Haller, on the Entrepreneurial creation of PR1ME Leasing within PR1ME Computer Inc. (from 1977 to 1981). This academic research was later published as a case study by VDM Verlag as Entrepreneurial Success: A PR1ME Example. The American Heritage Dictionary of the English Language included the term ‘entrepreneur’ in its 3rd 1992 Edition, and also credited Pinchot as the originator of the concept

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DEVELOPING AN ENTREPRENEURIAL ORGANISATION; A DRIVE FOR NATION BUILDING
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