Building a Concept of Entrepreneurial Control
Building a Concept of Entrepreneurial Control
Author(s): Hanif Hanif, Abdulah Rakhman, Muhammad NurkholisSubject(s): Business Economy / Management, Financial Markets, ICT Information and Communications Technologies
Published by: UIKTEN - Association for Information Communication Technology Education and Science
Keywords: Socio-culture; achievement goals; entrepreneurial control; profit sharing
Summary/Abstract: 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.
Journal: TEM Journal
- Issue Year: 8/2019
- Issue No: 4
- Page Range: 1198-1206
- Page Count: 9
- Language: English