The Enterprise Cycle
The second group of factors which comprise the Enterprise Cycle are founded on more traditional doctrines of entrepreneurship. These characteristics focus more on elements which companies must incorporate into their culture and environment in order to achieve organizational growth. These principles are as follows:
1 Envisioning
Inspiration and proactive investment. Entrepreneurs should be able to predict future environment changes, capture new opportunities, provide vision, and thereby proactively pursue and push for innovation with initiative.
2 Enthusiasm
Perseverant challenge. Entrepreneurs should keep a challenging spirit, risk taking despite uncertainty, and exploit new opportunities.
3 Enlightenment
Creative thinking. Entrepreneurs should ceaselessly pursue changes, improvements for processes, development of new technology, thereby creating and producing higher added value.
4 Experimentation
Chance seeking for new market. Entrepreneurs should keep creative thinking for developing new products, through which they could exploit new market, and develop new business.
5 Excellence
Capability building against competition. Entrepreneurs should pursue and exploit excellence in execution to achieve goals and better performance in terms of cost, quality, technology development, and operations.
The Human Cycle
The ideologies from which the Human Cycle has been founded upon take into consideration factors which foster a well-rounded business ecosystem. These elements focus on the workforce, the shareholders, and the environment where the organization belongs. These principles include:
6 Empowerment
Enthusiasm with big dream. Entrepreneurs should provide mission, vision, share it with employees, and encourage them to dream. They should pursue the spirit of openness and collaboration by transferring works and empowering employees to increase work scope and autonomy in doing their jobs.
7 Ethics
Entrepreneurs which serve as stewards taking social responsibility should have a high level of ethics, accountability, responsibility, and holistic growth to make the enterprise reliable and admired.
8 Equality
Ecological thinking. Entrepreneurs should keep the mindset of opening, sharing, and cooperating toward employees. They also should maintain the spirit of fairness and equality through unconstrained human relations, while pursuing external stimulus and viability focusing on the workforce.
9 Engagement
Entrepreneurs should recognize crisis driven by environment changes promptly, and should be able to overcome those crisis, changing threats into opportunities through crisis construction and engagement by encouraging and motivating employees. Nurturing skills and talents of employees are needed.
10 Ecosystem
Development and collabo-nomics. Entrepreneurs should cultivate a healthy business ecosystem as well as have an ecosystem friendly mind, thereby creating collaboration and trust among ecosystem participants through altruistic oriented relationship management.