Company for this assignment is “McDonalds”
Company for this assignment is “McDonalds”
In order to pursue sustainable competitive advantage, managers must continually assess the levels of innovative and entrepreneurial activity occurring within the company, and the climate and structures the company creates and sustains that support innovation and entrepreneurship.
Chapters 3 and 13 of your prescribed text provide relevant theories and detail two validated and widely used measuring instruments for measuring Entrepreneurial Intensity. These are:
- Entrepreneurial intensity: This assesses the frequency and innovativeness of new products, services and processes within the company, along with three elements of management decision-making: innovativeness, risk-taking and proactiveness. Combining these allows a company to be placed on the ‘entrepreneurial grid’ (chapter 3, Figure 3-5) and compared to other companies in its industry.
- Corporate Entrepreneurship Climate: This assesses how well the culture and structures that the company has created support innovation and entrepreneurship. It involves five factors: Management Support; Work Discretion; Rewards / Reinforcement; Time Availability; and Organizational Boundaries as well as some specific climate variables that may apply.
Chapter 13 explains how these two frameworks have been transformed into validated survey instruments. However, the survey design also provides a useful framework for analysing a company using ‘desk research’ – that is information that has been collected about the company from existing sources, including the company itself.
Additionally, the prescribed text provides other models that may be used to assess the Entrepreneurial Health of your chosen company.
The ideas behind the Corporate Entrepreneurial Health Audit and the two survey instruments used to assess it can be found in the following two articles:
- A health audit for corporate entrepreneurship: innovation at all levels: part I
- A health audit for corporate entrepreneurship: innovation at all levels: part II
Explore whatever sources you can find, both internal (self-reported by the company) and external (reported by third parties, including industry experts, customers and employees) that provide reliable information about the company’s entrepreneurial intensity or climate for corporate entrepreneurship.
You are encouraged to share your research in the interests of expanding the set of information you will gather for the group assignment. Remember that a good report depends more on the quality of analysis and the ability to organize it into a logical report structure than it does on the data reported.
Things to consider
- Have you considered industry benchmarks for entrepreneurial intensity?
(e.g. the fashion industry would have high frequency compared with domestic appliances industry – think Zara versus Dyson)
- Have you accounted for differences in perspectives on the same framework?
(e.g. it is likely that company reported information may be challenged by external sources)
- Have you synthesised the responses into meaningful interpretations?
(what are the implications of your findings?)
- Have you followed a systematic approach in presenting your findings?
(a systematic approach makes your report easier to follow and shows clear thinking and a disciplined approach which is less likely to omit key factors)
Writing Guidelines and Marking Schedule
Please present your report in the following format using the template provided in the LMS assignment brief. Some content guidelines are provided within each section but feel free to change this as you see fit. Please also refer to the rubric for this assessment item.
Introduction and Company Overview
Purpose of the report and Company overview. This should include how the company describes itself in terms of mission / vision / purpose, with particular attention to any mention of innovation and entrepreneurship.
A brief introduction to and overview of key theoretical concepts and definitions that will enable the reader to understand the report. Keep it short and simple and don’t make it read like a text book. It is important to introduce the concept of various antecedents at different levels of analysis and how these inform the state of entrepreneurial health in the organisation. Explain the conceptual difference and connection between Entrepreneurial Intensity and the Climate for Corporate Entrepreneurship and any other models you refer to.
You can also refer to theories and models within the analysis section.
Briefly describe the approach taken to discovering data about your chosen company. Include major categories of sources including:
- Self-reporting: What the company discloses about itself, such as annual reports, web site, press releases etc.
- External commentary: What external parties report about the company, such as industry reports, journal articles, expert commentators. Customer and employee forums may also be of value.
Aim to show that you have used reliable sources and methods.
Data Analysis and Discussion
Part A: Assess the entrepreneurial intensity of your chosen company.
Using data you have collected from your research, make an informed judgement about the entrepreneurial intensity of the company. Remember to consider frequency of entrepreneurship, degree of newness and the company’s attitude to innovativeness, risk-taking and proactiveness. If possible, position the company on the Entrepreneurial Grid, alongside major competitors.
Part B: Assess the Corporate Entrepreneurship Climate (CEC) of your chosen company.
Using data you have collected from your research, make an informed judgement about the climate for corporate entrepreneurship within the company. Refer to the five factors of the CECI instrument (Chapter 13, Table 13-2) and any other models that help to interpret and diagnose the CEC within the company.
Other theories and models may be referred to in this section also.
Summarise the main issues and interpret the relative findings of your research and analysis. Synthesise all of the above sections into a cohesive whole that identifies the main strengths and weaknesses of the company with respect to Entrepreneurial Health and draws an overall conclusion about the implications for the future performance of the company.
PLEASE NOTE: you do not have to make any recommendations; this assignment is only about analysing and assessing the entrepreneurial health of the company.
All three assignments must be presented in the format of management reports that comply with the following:
- Format: Microsoft Word.
- Font: 12 point, Times New Roman.
- Text [Including references]: 1.5 line spacing, left-justified.
- Page Layout: 1-inch (2.54cm) margins on all sides with page numbers in the bottom right corner and no header/footer.
- A front cover page that contains the report’s title, author(s), submission date and word count.
- An executive summary of no longer than one page.
- A table of contents (TOC). Main and sub-sections must be numbered and linked to page numbers.
- The report must be paginated.
- The report must be spell-checked.
- All Figures/Tables/Graphs must be sequentially numbered and captioned.
- All Figures/Tables/Graphs must be referred to and discussed from within body of text.
- In-text citation of sources must be done correctly with the prescribed style.
- A reference list must be provided and comply with prescribed style.
- Appendices must be sequentially numbered and appropriately captioned.
- Each report must have an introduction and end with a conclusion.