Corporate and strategic entrepreneurship

Published
February 14, 2023

Synopsis

DEFINITION OF THE TERM: This section begins with presenting the ways in which corporate entrepreneurship is defined, perceived, and understood by researchers. Next, the key components of corporate entrepreneurship are discussed, including the renewal of entrepreneurial processes and several models of this form of entrepreneurship, including input variables, organisational characteristics, the environment, and the corporate strategy mindset. As corporate entrepreneurship can take different forms, the last part of this section defines the most common of these: intrapreneurship, entrepreneurial orientation, corporate venturing, corporate entrepreneurship, entrepreneurial management, and strategic entrepreneurship.

HISTORICAL ANALYSIS OF THE TERM: This section outlines the historical understanding and development of the construct of corporate entrepreneurship. This section presents the terms historically assigned to entrepreneurship in existing companies and provides examples of various approaches to its development in selected organisations.

DISCUSSION OF THE TERM: Corporate entrepreneurship is a response to the problems faced by contemporary organisations, including low levels of innovation, organisational inertia, rigid structures, and lack of responsiveness. This section presents organisational entrepreneurship as a means to address the challenges of large, corporatised organisations. It indicates opportunities for redesigning organisations and those of their elements that will revitalise processes of creativity and innovativeness, which should translate into higher levels of entrepreneurial orientation. In particular, this section emphasises the need to integrate entrepreneurial processes into an organisation’s strategy in order to strengthen it at a strategic level, and the need to approach these processes from a long-term perspective rather than treat them as a one-off challenge.

SYSTEMATIC REFLECTION WITH CONCLUSIONS AND RECOMMENDATIONS: The final section offers the most important conclusions related to corporate and strategic entrepreneurship research and recommends eight potential research areas and methodological directions related to entrepreneurship.

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Author Biography

Wojciech Dyduch, Economic University in Katowice

Wojciech Dyduch (born in Cracow in 1974) is a researcher in strategic management and

organizational entrepreneurship at the University of Economics in Katowice. He was a vice-dean for education and development, and a vice-rector for education there. Currently, he runs the College of Management, and the Department of Entrepreneurship.

He is a member of the Organization and Management Sciences Committee at the Polish Academy of Sciences, and a member of the Scientific Excellence Council.

To-date, Prof. Dyduch researches the problems of value creation and capture in entrepreneurial organizations, creative strategy in organizations, organizational entrepreneurship measurement.

His passions include visual astronomy, macrophotography, swimming and snowboarding.

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