A MODEL FOR MIGRATION FROM ENTREPRENEUR

Date
2011-06-07
Authors
PASSMORE, JEROME
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Abstract
Every big business starts small, usually initiated by an entrepreneur who is successful in bringing the business into being, nurturing its early growth and innovatively forging its course as a start-up enterprise. However, not all entrepreneurs who are successful in creating new enterprises possess the characteristics, skills, behaviors and habits required to lead their organisations into the next developmental stage of the business life cycle; to scale their business. As the entrepreneurial enterprise grows and establishes itself in the market, the need for a professional manager or business leader emerges, but not all entrepreneurs are able to make the transition to professional manager. The cliché “founders flounder” motivates this research topic. A juncture in the life cycle of any business exists where the complexity of the venture diverges beyond the capability of the entrepreneur. In-depth interviews at a single case site – Investec Bank, have been conducted to explore the phenomenon of a situation where a pair of entrepreneurs, Stephen Koseff and Bernard Kantor have been successful in transforming a start-up bank into an international banking organisation
Description
MBA - WBS
Keywords
Entrepreneurship, Leadership
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