Not for Profit and For Profit Companies Under the same Leadership (why Essay

Not for Profit and For Profit Companies Under the same Leadership (why it can happen) - Essay Example The authors’ results indicate that the risk propensity of entrepreneurs/not-for-profits companies are greater than that of managers. However, both are successful. Moreover, there are larger differences between entrepreneurs/not-for-profits companies whose primary goal is venture growth versus those whose focus is on producing family income. Results also underscore the importance of precise construct definitions and rigorous measurement. The research question of the journal was clearly defined. MacMillan, Siegal, and Narshimha (1994) examined the methods that venture capitalist use to assess the senior managers of new ventures prior to making an investment decision. The lack of theory and empirical research in this area has led scholars to call for studies which examine the process of management team assessment in venture capital due diligence, as cited by Siegel, Siegel and MacMillan, 1993. This research article assessed that more research is needed on this subject matter, how ever the research question of the journal article was clearly defined: there is a correlation between entrepreneurship behaviors and success. . ... The articles offer insight into the complex balancing act that thriving entrepreneurism must execute to generate support form distinct stakeholder markets. The value this research provides is insight on thriving entrepreneurs/not-for-profits companies and financial success. The correlation between successful entrepreneurs/not-for- profits companies depicts the behavior pattern of the individuals’ capacity to build relationships with private investors, foundations, venture capitalist or Angels instead of with the stakeholder’s monies. In turn, the literature suggests that a thriving entrepreneur’s financial success is in how they treat the people who fund their cause. This reflects a dominant logic of causation; taking a particular effect as giving and focusing on selection between means to cause this effect (Sarasvathy, 2001). The network theory, which is a social network approach, views organizations in society as a system of objects joined by a variety of relat ions. The goal of this empirical research analysis is to show that the behavior trait of being a builder of relationships is the cause of a thriving entrepreneur’s financial success. This example is seen through the transition towards defining strategy as a perspective rather than a position, meaning that strategy is seen in wide terms, as the â€Å"theory of the business† (Drucker, 1994). However, the element of entrepreneurial leadership is not clearly present in the empirical evidence. Entrepreneurial leadership is defined by Coven and Slevin (1991) as consisting of the following: the nourishment of an entrepreneurial capability, protection of innovations that threaten