An entrepreneurial attitude represents how a person thinks and acts, it is a way of life. Entrepreneurship is the fearless pursuit to push the limits of conventional wisdom into previously unforeseen and uncommon directions. That entrepreneurial attitude stimulates creativity and imagination within a company, which generates new ideas for the company, those new ideas will hopefully generate more profits for the company. An entrepreneurial employee is always trying to make the workplace better, they are trying to improve the company they work for even though they are not an owner of that company. They come up with new and better ways to achieve the company’s business goals while saving money in the process.
According to a 2013 Swiss-German study, the differences between an entrepreneurial employee and other employees lies in the disposition. Employees are specialists who work for others and whose talents are combined with those of other specialists (employees) by the entrepreneurs (Baer). Employees look at responsibility as everything they have been given to do, entrepreneurs embrace all aspects of responsibility and try to take on as much as they can in an effort to control and shape it.
Many people are motivated by money, at least for a period of time but eventually the motivational power of money often wears off; Ultimately most people are motivated by the work they do and the environment that they work in. Compensation and rewards for entrepreneurial employees should include both monetary and non-monetary ideas. Profit-sharing, generous bonuses and additional time-off benefits are some of the monetary compensation and rewards that large businesses are giving to their top employees, however they frequently create unwanted consequences to the company, such as increased tax burdens, diminishing teamwork among employees and prompting unwanted behavior(s).
Google, Inc., Cisco, Inc. and Wholefoods, Inc. are a few corporations that are rewarding their employees largely with non-monetary rewards and compensation. On-site swimming pools, allowing employees to bring their pets to work, providing on-site child care and all the free food employees want are a few of the perks that entrepreneurial employees of these corporations enjoy. (Cook) These tranquil environments where group thinking is eminent and teamwork is central to invent the next “big thing” that could change the next generation. Gone are the days of Employee-Of The-Month, these corporations have raised the bar on how to get real results by rewarding employees with freedom and respect, allowing them to control their own time and enabling them to have a united common goal. If you look at the bottom line and the growth of Google, Inc., Cisco, Inc. and Wholefoods, Inc. in the last 5-10 years, I for one would certainly have to believe that these non-traditional rewards and compensations for employees are definitely worth the effort of these corporations. Works Cited
Baer, Drake. Business Insider. 19 February 2015. Web. 8 September 2015.
Cook, Joshua. Hub Pages. 27 May 2012. Web. 8 September 2015.