Define Entrepreneurship.

Table of Contents

Chapter Covered

-Introduction
-Strategies

Introduction

Supply chain management means that management of chains of supplies for value addition.
Almost all the firms try to make supply chains as a core competence to get a competitive edge.
The firm is influenced by supply chain management policies on firm’s performance; the participants in the supply chain management of an organization have altogether different experience
Entrepreneurial supply chain creates connection among customers and suppliers based on innovative ideas, mainly formulated by Small and Medium Enterprises
SMEs are trying to enhance their competences to enter in the global market.
Due to scarce resources not having access to latest technology is main problem for these enterprises.
Entrepreneurial supply chain management competence which means SCM capabilities with new ideas to get maximum benefits
A unique entrepreneurial SCM which have ability to compete against other large firms is much of help
SMEs have specific entrepreneurial resources such as competitive advantage and orientation for effective implementation of Supply Chain Management.
Entrepreneurship means process which leads to expansions in business new ways that create value on every step mean newness
Entrepreneurship transformation means that organizational culture and system are in entrepreneurial manner.
- Welcoming something different and new

Innovation Orientation

Mangers say that focus on aggressive approach should be of innovation orientation.
By doing this you can get distinct edge on your competitors.
Managerial vision shows the outlook for success in supply chain.
SMEs require new and persuasive opportunities in challenging markets. Innovation leads to performance by supporting activities, procedures and association.

Risk Taking Characteristics

Organization have to take decision in complex situation which lacks factors harmony in information, cash, goods and services.
Different types of risks like; availability, operations, demand, bulk, edge, resources can be prevalent for an SME
Despite knowing the above risk and uncertainties, risk taking approach helps to look at an optimistic approach
- i.e. look forward and not care about negative consequences, which can be avoided and won over

Pro Activeness Orientation

Pro activeness Orientation means firms ability to create new edges and beat the competitors.
It also include the freezing of new ways in the market which influence learning and other suitable actions in supply chain

Keeping Up Relational Capital Skill

There should be much socially linked up with customers as well as supplier also which refers to relational capital skill.
Networking strategies of being social is helpful for better flow of activities.
R.C.S refers to connecting with supplier which play an important role in inputs and especially to those who are well known by entrepreneurs.

Maintaining Coordination Capability

To share the information with all the SCM participants is very important for SMEs because the key so success of all members lives in this.
The main purpose is to provide the right products, services and all type of information to supply chain members.
Information sharing is main thing in collaboration and coordination has great effect on internal as well as external collaboration.