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