Harrell (1994) proposed that the entrepreneur’s careers have four transition stages in which the entrepreneurs develop and grow into successful business persons (Morrison et al, 2005). The stages are namely Entrepreneurial genius, Benevolent dictator, Disassociated director and lastly a Visionary leader. These stages assist to analyse business behaviour in different periods of the entrepreneurial cycle. Hospitality entrepreneur follow a similar trend as well but in India at times the 2nd and 3rd stages are not as evident due to various rationales.
The excitement, energy and dedication determine a business person to become one of the entrepreneurial geniuses in the business career. Development of business portfolio by buying, fighting and getting personally involved in all aspects of his business empire with total control is a significant behaviour for the entrepreneurial stage of benevolent dictator. Quotes at this stage are – ‘Money was never a big motivation, except as a way to keep score. The real excitement is playing the game’ (brainyquote).
The stage of disassociated director is referred as confusing and frustrating time, full of distrust, inconsistencies and erratic mood swings. This phase is a test whether entrepreneur can become a business leader. The last is a stage of visionary leader, which is characterized by communication, co-operation and collaboration. It is described as a fulfilment of entrepreneur’s original dreams. Quotes at this stage are – ‘I don’t make deals for the money. I’ve got enough, much more than I’ll ever need. I do it to do it’ (brainyquote).
Accrue as a consulting partner wades an organisation or individuals through these stages while developing Intrapreneurship which is referred to as a formalized entrepreneurial activity within existing organization. According to the Ferguson et al (1987) successful intrapreneurs do possess the entrepreneur’s ability to take action-oriented decisions and implement them. In order to foster and inhibit entrepreneurship there are various social, political and educational behavioural needs which decide the degree of the entrepreneurial success. The cultural context in which people are located plays an important influencing role.