Entrepreneurship and Management Style
Globalization and business competition around the globe has made entrepreneurial strategies an important concept in new and well established businesses (Bruin & Dupuis, 2003). Increased environmental changes and intensification of global competition, enterprises, without consideration of their size and duration of their operation have no choice but to put more effort on building on entrepreneurial strategies for them to be competitive.
Entrepreneurial strategies are believed to have a relationship with business performance (Carsrud & Brannback, 2007). The strategies targets at building on identification of opportunities and establishing them to gain competitive advantages and this provides an intersection of entrepreneurship and management styles.
These fields aim on the process of adapting to dynamics and taking advantage of opportunities.