Corporate Entrepreneurship - 1295 Words

Corporate Entrepreneurship Corporate Entrepreneurship can be seen as the process whereby an individual or a group creates a new venture within an existing organization, revitalizes and renews an organization ,or innovates. Zahra’s(1986) definition of corporate entrepreneurship suggests aformal or informal activity aimed at creating new businesses in established firms through product and process innovations and market developments,whereas sathe(1985) defines corporate entrepreneurship as a process of organizational renewal. Corporate Entrepreneurship has emerged as a much needed ingredient contributing towards the growth of any organization under a changing business environment. Corporate entrepreneurship (CE) is widely considered as a†¦show more content†¦There have been dozens of definitions of entrepreneurship. The first of those is the phenomenon that some people, rather than working for somebody else under an employment contract, strike out on their own and become self-employed. These economic entities involve some element of innovation at start-up, and some degree of innovativeness is needed to survive over time. However, innovation is not central to this phenomenon. It is to the second social reality. This reality involves the development and renewal of any society, economy or organization, which is based on micro-level actors who have the initiative and persistence to make change happen. In this reality, ‘entrepreneurship’ means the creation of new economic activities and organizations as well as the transformation of existing ones . Indicators of Contributions to Economic Outcomes 1) Employment : Firms may contribute to the amount of employment generated or to the quality of employment. Firm growth, measured by the number of jobs created (relative to the size of the firm), is often used as an indicator of the quantity of employment generated. The quality of employment is measured in terms of the remuneration offered to employees. The primary indicators used are wage levels, benefits (e.g. health insurance), and the use of productivity-related-pay (PRP). Job satisfaction levels of the employees in entrepreneurial firms relative to employees inShow MoreRelatedCorporate Entrepreneurship Is The Process Of Creating Innovation2110 Words   |  9 Pages Corporate Entrepreneurship Observed: MBA 585 Topics in Entrepreneurship Assignment 3 Stephen Enders Wilkes University Abstract Corporate entrepreneurship is the process of fostering a culture of creating innovation, in all aspects of the operations, to improve an established corporations positioning in the marketplace. Corporate entrepreneurship can be broken down into three dimensions, which include innovation, risk-taking, and the ability to be proactive. Excellent examples of corporationsRead MoreHow Corporate Entrepreneurship Is An Ever Growing Concept1224 Words   |  5 PagesCorporate entrepreneurship is an ever-growing concept that is flowing throughout many companies around the world. Some of which include Organic Valley and Ford. As each company continues to grow, they both allow their employees to be creative and innovative. This not only gives their employees the satisfaction of coming up with new ideas, but can allow each business to save time and money in the long run. In both Organic Valley and Ford, creativity plays a large role in the success of their companiesRead MoreIntra Corporate Entrepreneurship By Gifford Pinchot IIi And Elizabeth S Essay1316 Words   |  6 PagesIntra-Corporate Entrepreneurship by Gifford Pinchot III and Elizabeth S. Pinchot summary The word, â€Å"intra- corporate† is iconic for many visionary. They use it as shorthand for making decisions that are often isolated from personal knowledge of the problems to be solved. In a hierarchical organization it is used as promotions that can be won by social graces, loyalty to one s boss, and in general, political skills. Decentralized corporation introduce a system that gives the decision to those whoRead More4 Models of Corporate Entrepreneurship1383 Words   |  6 Pageswithin a corporation. For a corporation to stay ahead of times and sustain a competitive advantage in a fast-changing global consumer market, the challenge is for the management to instill the right corporate entrepreneurship strategy across the organization. One definition of corporate entrepreneurship (CE) is â€Å"...the process by which teams within an established company conceive, foster, launch and manage a new business that is distinct from the parent company but leverages the parent’s assetsRead MoreCorporate Entrepreneurship at Ge and Intel2827 Words   |  12 PagesProceedings Dublin, Ireland Corporate Entrepreneurship at GE and Intel John Zimmerman, Zayed University, U.A.E Abstract This is the first of three planned articles concerning Corporate Entrepreneurship (CE). The author is a former entrepreneur practitioner who secured an earned doctorate from Pepperdine University in 2008, and who now teaches at Zayed University in the United Arab Emirates. In this article the author explores the concept of Corporate Entrepreneurship (CE) using case study methodologyRead MoreCorporate Entrepreneurship: A Case Study of IBM1178 Words   |  5 Pagesexternal pressures and changing market dynamics are forcing them to innovate and build alternative revenue streams that will grow to become new core businesses. Part of the problem lies in the corporate culture of large organizations, particular with respect to entrepreneurship. As Lawton (2012) note, corporate culture should be something that looks and feels organic, even if it is not. Cultures never exist in a vacuum management must take steps to foster cultures. In a large company like IBM, the cultureRead MoreStrategic Management And The Corporate Entrepreneurship Model Essay2044 Words   |  9 PagesSTRATEGIC MANAGEMENT THEORETICAL FRAMEWORKS Strategic management appeared as a comprehensible research filed in the 196os. Different works including the strategy and structure (Chandler, 1962), corporate strategy (Ansoff, 1965) contributed towards the fundamentals of this disciple. A lot of emphasis has also been on how companies can reach their targets, mainly with regard to profitability and competitive advantages. As strategic management literature keeps on increasing focusing on competitiveRead MoreTo What Extent is Naturis an Entrepreneurial Company?1245 Words   |  5 Pagesthe dehydration process. Naturis was set up through corporate venturing which includes the creation of a new business. In order to acquire new insight and expertise in the field of the dehydration processes, entrepreneurial activities were launched through cooperative corporte venturing (Morris, Kuratko Covin, 2008). After the sucessful joint venture, Naturis is now hightly entrepreneurial as it practices the concept of strategic entrepreneurship. By constantly looking for new uses for its productRead MoreEntrepreneural process1087 Words   |  5 Pagesindividual’s viewpoint, where other parts are important from corporate viewpoints. Finally, the entrepreneurial process has inspired the delivery of health care by shaping the scope of innovation, and the pace of delivery. There are many reasons that can inspire somebody to be an entrepreneur which could include his environment, social factors, personal, or it could be a mixture. Once a person decides to take on entrepreneurship there are four steps that he should follow. These four stepsRead MoreA Research Study On Business Education1565 Words   |  7 PagesUndergraduate Research Opportunities Program(UROP). This program has students involved in many different research topics such as the competition in telecommunications, the impact of direct foreign investment on developing economies, and effects of taxes on corporate decisions. Through these types of research they can connect what is learned in the classroom with real business challenges. Perhaps making them a bit closer to the â€Å"real world†.(Lewis) Teachers are modifying their traditional ways of textbook