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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3577 |
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According to Zahra (1991), corporate entrepreneurship refers to the process of creating new business within established firms in order to improve organizational profitability and enhance a firm’s competitive position or the strategic renewal of existing businesses.
Burgelman (1984) conceptualizes the definition of entrepreneurship as a process of “extending the firms domain of competence and corresponding opportunity set through internally generated new resource combinationsâ€...
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By the term “new resource combinationsâ€, he is probably refering to the Schumpeter’s term “innovationâ€.
Corporate entrepreneurship is a process of organizational renewal (Sathe, 1989) that has two distinct but related dimensions: innovation and venturing, and strategic stress creating new business through market developments or by undertaking process, product, technological and administrative innovations...
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