Entrepreneurship vs Operations Management. 2018-08-22

You can specialize in either High Uncertainty and Low Data, vs High Data (and thus Analysis) and more Coordination and moving a large cumbersome company.

Entrepreneurship

  1. Shorter and faster (agile) PDCA cycle. meant to react quickly to any opportunities.
    1. has less to lose than a mature business.
    2. Must Transition to Ops Management when the Biz gets more Mature and Capital/Knowledge investments LIMIT the options of the company.
  2. Skills focused with working with Uncertainty and Risks. Most of this uncertainty skills are Morale Management
    1. Project Confidence, asks for more Faith and Trust
    2. Active Listening and Empathy
    3. A more simplified Information Management system
  3. and not a lot Technical Risk Management skills (there is some but not much).
  4. The status quo of most emerging and developing companies. Everyone is an entrepreneur, being good though is the question.

Ops Management.

  1. Longer PDCA cycle – BUT has
    1. higher consistency,
    2. higher quality,
    3. higher capacity and output
    4. and operates off a Body of Knowledge and more Technical Sophistication. Businesses BUT Requires a Technical BOK
    5. Has more Technical Risk Management
    6. Has more to lose than a developing business
      1. because of the Investments made over time to its processes and systems.
      2. As well as the inherent Complexity
  2. More PLANNING. in order to move a large organization with complex elements, more Telegraphing information and expectaitons and Feedback loop to course correct as you move is needed. Things happen in a scale of Months.
  3. Risk Management is built on BOK of the company. ALl the problems from before have been reviewed and countermeasures and mitigation have been made.
  4. Less need for Morale Techniques that Handle Uncertainty, more focus on Analysis.
    1. more on FOCUS and Objectives
    2. Leadership focuses on Buy In with Data to support it. Less need for Confidence or Credibility.
    3. More Systems and Relationships THinking.
    4. Doesnt need to ask for Faith and Trust, stress in DATA Presentation and Analysis Skills
  5. A position found in most mature companies and thus coveted and scarce.

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