Professional Documents
Culture Documents
CH 3
CH 3
Entrepreneurship
Gaurav Singh Bisen
MBA-Tech Program-Marketing
NMIMS University
1
Defining the concept
Resource
Ad-Hoc
Diffused Organizational Ownership Focussed
Innovation in
Corporate
Entrepreneurship
6
To Survive
Employee
Engagemen
t
WHY Increase
INNOVATIO Revenue
N?
Attract New
Markets
Customer
Expectations
7
Types of Innovation in Corporate
Entrepreneurship
8
How they are different ?
Radical Innovation Incremental Innovation
10
11
12
#5 Successful Innovation till 2015
Encouraging Innovation
STEP 2
Source: Duane Ireland, Jeffery G. Covin, and Donald F. Kuratko, “Conceptualizing Corporate Entrepreneurship Strategy,” Entrepreneurship Theory and Practice 33,
no. 1
Corporate Venturing &
Identifying
Intrapreneuers
18
Corporate
Venturing
Create new business within an existing
business.
4 Key
Elements
19
Culture powering
Corporate
entrepreneurship
Work on frontiers of cutting edge technology, and embrace new ideas.
Identify areas & the amount of risk money where top management is
interested.
Exploit current set of database and work with least set of resources.
23
Intraprenurial
Failures
• Emails
Google Wave
• Maps
• Social Networking
• Instant Messaging
• Media Sharing
Reasons for
Failure
Process Process
Uncertainty
Complexity Inadequacy
An individual An individual
doesn't have the chooses to
skills, conditions violate and a
or adequate prescribed
training the process or
perform the task practice
A competent Lack of clarity
A process individual about future
composed of adheres to events
many elements prescribed but and unplanned
tends to break faulty or situations
down incomplete
process
Lack of Ability
Deviance
Keeps you
Is a more away from
thoughtful and resting on your
a practical laurels and
approach. strive harder.
Failure
Planning
Dependent on organization
Independent in Operations resources.
29