Corporate Entrepreneurship Entrepreneurial Development within Organizations

by Morris, Michael H.; Kuratko, Donald F.

• ISBN13: 9780030337260
• ISBN10: 0030337267
• Edition: 1st
• Format: Hardcover
• Copyright: 2001-08-06
• Publisher: South-Western College Pub

Summary

Exploring the concept of entrepreneurship in established companies, this innovative book identifies the environmental conditions that foster an entrepreneurial attitude and orientation in organizations well beyond upstart. It also explores the reasons why entrepreneurship tends to be discouraged ? if not destroyed ? in organizations as they grow and mature. In addition, the authors systematically identify the ways in which entrepreneurial spirit ? and its many benefits ? can be revived in established firms.

Table of Contents

The Nature Of Entrepreneurship In Established Companies	p. 1
Corporate Evolution And The Entrepreneurial Imperative	p. 3
Introduction	p. 3
Traditional Management: Setting the Stage	p. 4
How Companies Evolve: Internal Transformations	p. 8
Changing Organizational Practices: Dealing with Crisis Points	p. 11
Managing Ongoing Growth and Change	p. 12
Turbulent Environments and the Need for a New Paradigm	p. 14
The Entrepreneurial Imperative: A Persistent Sense of Urgency	p. 16
Summary and Conclusions	p. 18
Applying Entrepreneurship To Established Companies	p. 21
Introduction	p. 21
Defining Entrepreneurship	p. 22
Dispelling the Myths and Sidestepping the Folklore	p. 24
The Entrepreneurial Process	p. 28
The Nature of Corporate Entrepreneurship	p. 31
Summary and Conclusions	p. 35
Levels Of Entrepreneurship In Organizations: Entrepreneurial Intensity	p. 39
Introduction	p. 39
Exploring the Dimensions of Entrepreneurship	p. 39
Combinations of the Dimensions: The Concept of Degree	p. 45
Entrepreneurial Intensity: Combining Degree and Frequency of Entrepreneurship	p. 48
Applying the Entrepreneurial Grid to Organizations	p. 49
Applying the Grid at the Level of the Individual Manager	p. 52
Things We Know and Don't Know about Entrepreneurial Intensity	p. 53
Summary and Conclusions	p. 56
Differences Between Start-Up And Corporate Entrepreneurship	p. 59
Introduction	p. 59
Entrepreneurship Is Entrepreneurship: Understanding the Similarities	p. 60
The Corporate Context: Identifying the Key Differences	p. 62
The Political Factor	p. 65
Implications of the Differences	p. 66
The Forms Entrepreneurship Takes in Companies	p. 69
Summary and Conclusions	p. 73
Entrepreneurial Vision And Direction	p. 75
Who Is The Corporate Entrepreneur?	p. 77
Introduction	p. 77
The Dark Side of Entrepreneurship	p. 80
Motivating Entrepreneurial Behavior	p. 83
Are Corporate Entrepreneurs Different?	p. 84
Categories of Entrepreneurs	p. 89
Myths about Corporate Entrepreneurs	p. 90
Critical Roles in Corporate Entrepreneurship	p. 91
The Importance of Sponsors	p. 93
How Subordinates View the Entrepreneurial Manager	p. 94
The Entrepreneurial Mindset	p. 95
A Final Thought: Are You a Corporate Entrepreneur?	p. 98
Summary and Conclusions	p. 100
Creativity And The Corporate Entrepreneur	p. 103
Introduction	p. 103
Defining Creativity in a Company	p. 104
The Creative Process	p. 105
The Creative Blocks	p. 108
The Creative Employee: Problem-Solving Styles	p. 110
The Need for Friction	p. 113
Creativity Techniques and Creative Quality	p. 114
Summary and Conclusions	p. 116
Product Innovation, Technology, And The Corporation	p. 121
Introduction	p. 121
Innovation Creates Dilemmas	p. 122
Types of Innovation and the Risk Factor	p. 124
Winners: Companies that Innovate Well	p. 126
Approaches to Innovation: The Process	p. 129
Approaches to Innovation: Structures to Support Projects	p. 131
The Need for a Champions Program	p. 133
Technology-Push versus Market-Pull	p. 134
Innovation Strategy and the Innovation Portfolio	p. 136
Setting Innovation Goals and Measuring Innovation Performance	p. 139
Technology and Entrepreneurial Opportunity	p. 142
Technology Limits and Platforms	p. 143
Summary and Conclusions	p. 145
Corporate Strategy And Entrepreneurship	p. 149
Introduction	p. 149
The Changing Landscape	p. 150
Does the Dominant Logic Fit the Competitive Landscape?	p. 152
The Role of Strategic Management and Corporate Strategy	p. 153
Integrating Entrepreneurship with Strategy	p. 154
Key Strategic Concepts: Entrepreneurship as the Driver	p. 156
Entrepreneurial Strategy: Some Contributing Factors	p. 161
Matching Strategy with Structure: The Value of Venture Teams	p. 164
Another Look at Strategy and Structure: The Acordia Companies	p. 166
Implementation Issues: Fatal Visions	p. 167
Summary and Conclusions	p. 168
Understanding The Obstacles To Corporate Entrepreneurship	p. 171
Introduction	p. 171
A Framework for Understanding the Obstacles	p. 172
More on the People Factor	p. 177
Related Limitations that Constrain the Entrepreneur	p. 178
Overcoming the Obstacles and Limitations	p. 183
Focusing on the Right Obstacles at the Right Time	p. 186
Summary and Conclusions	p. 187
Developing An Environment To Support Entrepreneurship	p. 189
Structuring The Company For Entrepreneurship	p. 191
Introduction	p. 191
The Components of Structure	p. 192
How Structures Evolve	p. 193
Types of Structures: Link to an Entrepreneurial Strategy	p. 195
An Entrepreneurial Structure and the Concept of Cycling	p. 203
Circles Instead of Hierarchy	p. 207
Entrepreneurial Projects: Structures within Structures	p. 210
Summary and Conclusions	p. 212
Control And Entrepreneurial Activity	p. 215
Introduction	p. 215
The Nature of Control in Organizations	p. 216
Organizations Out of Control: A Story of Unintended Consequences	p. 217
Dimensions of Control and Entrepreneurship	p. 220
The Entrepreneurial Philosophy of Control	p. 221
The Concepts of Slack and Internal Venture Capital	p. 225
Control and Costs: The Open Book Revolution	p. 227
The Concept of Profit Pools	p. 229
Summary and Conclusions	p. 231
Human Resource Management And Entrepreneurship	p. 235
Introduction	p. 235
Creating the Work Environment	p. 236
What is Human Resource Management	p. 236
HRM Policies and Entrepreneurship	p. 238
Motivation and the Critical Role Played by Reward Systems	p. 243
Summary and Conclusions	p. 248
Developing An Entrepreneurial Culture	p. 253
Introduction	p. 253
The Nature of Culture in Organizations	p. 253
The Pieces and Parts of Culture	p. 254
Core Ideology and the Envisioned Future	p. 257
Generic Culture Types	p. 258
Elements of an Entepreneurial Culture	p. 260
Entrepreneurial Leadership through Culture: The Cintas Corporation	p. 263
Exploring a Key Value: Individualism	p. 265
A Different View of Failure	p. 267
Summary and Conclusions	p. 269
Entrepreneurial Orientation And The Future	p. 273
Planning And Measuring The Organization's Entrepreneurial Activity	p. 275
Introduction	p. 275
Developing the Entrepreneurial Plan	p. 275
Assessing the Corporate Entrepreneurial Project	p. 278
The Importance of Organizational-Level Measurement and Assessment	p. 288
Methods of Measuring Entrepreneurial Activity	p. 290
Developing a Continuous Entrepreneurial Process	p. 299
Summary and Conclusions	p. 301
Entrepreneurship In Government Organizations	p. 305
Introduction	p. 305
Perspectives from Public Administration	p. 306
Revisiting Core Concepts of Entrepreneurship	p. 307
Application of These Core Concepts to the Public Sector	p. 308
Unique Characteristics of Public Sector Organizations	p. 311
Is Public Sector Entrepreneurship Really Viable	p. 313
Perspectives from Public Sector Managers	p. 317
How to Get There	p. 320
Summary and Conclusions	p. 324
Sustaining Entrepreneurship Today And Tomorrow	p. 331
Introduction	p. 331
Developing a Personal Approach to the Entrepreneurial Process	p. 332
Companies Need to Manage the Triggering Events	p. 336
Creating a Sense of Urgency	p. 339
Different Approaches to Research and Experimentation	p. 342
Learning that Never Stops	p. 346
Organizations Designed Around Paradoxes	p. 349
Domains, Portfolios, and a Cycle of Revolution	p. 351
Summary and Conclusions	p. 354
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