Project managers should not be entrepreneurial; that would suggest that they should take financial risks when in fact they do everything to mitigate these risks. Saving Changes...
Pench BattaEnterprise Lean Agile DevOps Coach /SAFe Program Consultant (SPC6)| Capgemini, Inc.Bentonville, Ar, United States
Sante, the purpose of entrepreneurial mindset is take the responsibility as if it is your own project. Saving Changes...
POSHAK VISHNOIProject management office| Tech Mahindra Ltd.Noida, Uttar Pradesh, India
That is very good thing that being entrepreneur of a project can improve your personality because you are thinking that your project is your organisation and entrepreneur means developing your business or project. So try to sell the project ideas in your team members.
Regards
Poshak Saving Changes...
Pench BattaEnterprise Lean Agile DevOps Coach /SAFe Program Consultant (SPC6)| Capgemini, Inc.Bentonville, Ar, United States
Actually, an entrepreneur is "a person who sets up a business or businesses, taking on financial risks in the hope of profit" and entrepreneurial is "characterized by the taking of financial risks in the hope of profit; enterprising." I prefer the term creative, innovative etc, but not entrepreneurial; it can be misleading.
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1 reply by Pench Batta
Oct 10, 2018 11:27 AM
Pench Batta
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Sante, as per the CEBGlobal now it is part of the Gartner, Entrepreneurs leverage their strong interpersonal skills and good judgment to effectively navigate project execution. They are flexible, prepared to change their approach if the business outcome warrants, and comfortable with risk and uncertainty. CEBGlobal did research and came up with following seven characteristics for a entrepreneurial mindset.
1. Stakeholder Partnership
2. Judgement
3. Risk Management
4. Team Leadership
5. Ownership and Commitment
6. Learning Agility
7. Business Knowledge
Yes, PM should be entrepreneurial. Because they do the project to meet strategic objectives of the organisation. They manage the capital investment of the company.
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1 reply by Pench Batta
Oct 10, 2018 11:27 AM
Pench Batta
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Thank you, Muthu!
Saving Changes...
Pench BattaEnterprise Lean Agile DevOps Coach /SAFe Program Consultant (SPC6)| Capgemini, Inc.Bentonville, Ar, United States
Oct 06, 2018 12:42 AM
Replying to Sante Delle-Vergini, PhD
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Actually, an entrepreneur is "a person who sets up a business or businesses, taking on financial risks in the hope of profit" and entrepreneurial is "characterized by the taking of financial risks in the hope of profit; enterprising." I prefer the term creative, innovative etc, but not entrepreneurial; it can be misleading.
Sante, as per the CEBGlobal now it is part of the Gartner, Entrepreneurs leverage their strong interpersonal skills and good judgment to effectively navigate project execution. They are flexible, prepared to change their approach if the business outcome warrants, and comfortable with risk and uncertainty. CEBGlobal did research and came up with following seven characteristics for a entrepreneurial mindset.
1. Stakeholder Partnership
2. Judgement
3. Risk Management
4. Team Leadership
5. Ownership and Commitment
6. Learning Agility
7. Business Knowledge Saving Changes...
Pench BattaEnterprise Lean Agile DevOps Coach /SAFe Program Consultant (SPC6)| Capgemini, Inc.Bentonville, Ar, United States
Oct 10, 2018 10:17 AM
Replying to Muthukrishnan Ramakrishnan
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Yes, PM should be entrepreneurial. Because they do the project to meet strategic objectives of the organisation. They manage the capital investment of the company.
Thank you, Muthu! Saving Changes...
John A. WilliamsOwner| JAW Consultancy | The PragmaticionerNootdorp, Zuid-Holland, Netherlands
Despite Sante's formal definition of entrepreneurship, I'm a firm advocate of an entrepreneurial mindset for project leaders (I prefer the term leader vs manager). At the end of the day, it's still about the project's added value to the bottom line. Looking at a project as a standalone exercise is long gone. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Showing an entrepreneurial mindset is more than just showing ownership of what a PM does. Having sense of ownership to what you do, towards the project and your team is part of your commitment as a PM. In a way, I do agree with Sante but I also agree with John too, he raises a very good point about Leader vs. Manager. I prefer leader too ! Saving Changes...
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