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Category: Expertise strategy

Why teams should embrace entrepreneurial project management

In a world where automation and AI are becoming more prevalent in every sector, companies need skilled managers to effectively integrate these advancements into their operations and be looking ahead at what the future may bring. Here we explore what entrepreneurial project management (EPM) is and why businesses should be upskilling their existing project managers.

In today’s fast-paced business landscape, where automation and AI are transforming industries, traditional project management (PM) approaches are giving way to a more agile, entrepreneurial mindset.

This shift is crucial as companies look for innovative solutions to stay competitive and deliver true business value. Gartner research supports this approach, noting that project managers who demonstrate entrepreneurial skills are 40% more likely to deliver business outcomes.

Read more about Gartner research here.

 

The value of entrepreneurial skills in project management

PM is a dynamic field requiring a broad range of skills to succeed, with entrepreneurship now considered one of the most essential.

Developer_smiley-woman-work

Entrepreneurial skills help project managers to be more proactive and innovative as they are more open to take risks, create new opportunities, and adapt quickly, enabling them to adjust to challenges and shifts in the project landscape.

This skill set is critical as companies navigate complex, and sometimes turbulent, environments.

As automation and AI reshape industries, the need for entrepreneurial project managerss is more pressing than ever.

Having the mindset of an entrepreneur not only means you are better equipped to adapt to change but also more effective at delivering true business value.

By embracing this mentality, project managers can inspire their teams, tackle challenges head-on, and drive successful outcomes for their organisations. For companies navigating complex digital transformations, EPM is a powerful approach that can help to deliver tangible results.

Business people having a discussion at desk in office.

Entrepreneurial leaders impact on teams

Having an entrepreneurial outlook involves embracing innovation and demonstrating proactive leadership to motivate their team to achieve ambitious goals and job satisfaction.

Forbes outlined the effect an entrepreneurial leader has on attracting and retaining talent; employees are drawn to leaders who inspire, uplift and motivate.

A supported culture helps to empower employees to be more creative and productive, whilst embedding entrepreneurial qualities in the wider team.

This style of leadership not only inspires a team to hit a target, but it is also about giving each member a strong sense of purpose and providing confidence to take a certain amount of risk.

Unlike conventional project managers, entrepreneurial project managers do not follow the status quo, they are change-makers who have a vision to take the business to the next step.

Read more about "The Power Of A Positive Entrepreneurial Mindset" at Forbes.

 

  Entrepreneurial skills help project managers to be more proactive and innovative as they are more open to take risks, create new opportunities, and adapt quickly.

 

Responding to market demands

At emagine, we have responded to this demand by developing our Entrepreneurial Project Management Program – an innovative, immersive training initiative designed to equip leaders with the powerful soft skills essential for future success.

Due to demand, we recently launched a short course as an alternative to the more intensive six-month version. It can be completed in a week and gives attendees a top level idea of what skills are needed to embrace an entrepreneurial mindset. The courses will help PM leaders to build a practical understanding of entrepreneurial skills and provide examples of how they can demonstrate competencies in their day-to-day work.

Our training programs are a step forward in helping organisations develop the skilled project managers they need to thrive in an era of innovation. If you are interested in growing your expertise or think a member of your team would benefit.

Find out more about our training courses here.

Read also:
Developments of AI in project management

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