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Building a Concept of Entrepreneurial Control

Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.8, No. 4)

Publication Date:

Authors : ;

Page : 1198-1206

Keywords : Socio-culture; achievement goals; entrepreneurial control; profit sharing;

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This research aims to create a concept of entrepreneurial control with a view to building a concept of management control by interpreting socio-cultural aspects of company organization. An interpretive paradigm by means of ethnographic method was employed in this research. Finding of the research reveals a concept of entrepreneurial control that is a controlling model conducted by entrepreneur-directors by involving the socio-cultural aspects to encourage the employees in order to achieve maximum company performance. This is implemented by creating a unique policy on compensation that a profit sharing has composition of 10:7:3, which is proportionally shared respectively among employees, investors, and entrepreneur-directors.

Last modified: 2020-01-16 01:30:20