1
, Entrepreneurship and Innovation
Management 348
[Corporate entrepreneurship ]
Table of Contents
Introduction: Corporate Entrepreneurship .................................................................................................. 5
Corporate venturing ............................................................................................................................................5
Strategic entrepreneurship..................................................................................................................................5
Chapter 1: How to Build an Entrepreneurial Organisation ............................................................................ 6
Definitions of innovation .....................................................................................................................................6
Forms of Innovation.............................................................................................................................................6
Radical and incremental innovation....................................................................................................................7
Drivers of change .................................................................................................................................................7
Key questions..................................................................................................................................................7
Greiner model ......................................................................................................................................................8
Chapter 2: Entrepreneurial Strategy.......................................................................................................... 10
The traditional view of Strategy .................................................................................................................. 10
Entrepreneurial view of strategy ................................................................................................................. 10
Frameworks ...................................................................................................................................................... 10
Core competencies ...................................................................................................................................... 10
Dynamic capabilities .................................................................................................................................... 11
Blue Ocean Strategy .................................................................................................................................... 11
Chapter 4: Entrepreneurial Culture and Leadership ................................................................................... 16
Organisational structures ................................................................................................................................. 16
Organisational structures ............................................................................................................................ 17
Entrepreneurial processes ................................................................................................................................ 17
Scanning intensity ........................................................................................................................................ 17
Planning flexibility ....................................................................................................................................... 18
Locus of planning ......................................................................................................................................... 18
Strategic controls (measure & reward) ....................................................................................................... 18
2
, People ............................................................................................................................................................... 19
Recruiting the right people .......................................................................................................................... 19
Rewarding the right people ......................................................................................................................... 19
HR policies and procedures ......................................................................................................................... 19
Leadership ........................................................................................................................................................ 20
Gatekeepers................................................................................................................................................. 21
Champions ................................................................................................................................................... 21
Challenges of Leadership ............................................................................................................................. 21
Leadership styles ......................................................................................................................................... 22
Conclusion......................................................................................................................................................... 22
How to diagnose the entrepreneurial culture of an organisation .............................................................. 22
Chapter 6: Entrepreneurship with External Stakeholders ........................................................................... 22
Modes for corporate venturing ........................................................................................................................ 23
Motives for Corporate Venturing ..................................................................................................................... 23
Network approach ............................................................................................................................................ 23
Rothwell's 5 Generations of Innovation Models ......................................................................................... 23
creating New Value .......................................................................................................................................... 24
Interact with external stakeholders ................................................................................................................. 24
Looking to extremes .................................................................................................................................... 24
Crowdsourcing ............................................................................................................................................. 24
Chapter 7: Managing Uncertainty and Failure............................................................................................ 25
Limits of decision making and outcomes ......................................................................................................... 25
Entrepreneurial management .......................................................................................................................... 26
Venture-led innovation ............................................................................................................................... 26
Lean start-up .................................................................................................................................................... 27
Lean start-up rules ....................................................................................................................................... 27
Chapter 8: Building an Ambidextrous Organisation.................................................................................... 28
Types of New Knowledge ................................................................................................................................. 28
Knowledge sharing networks ........................................................................................................................... 29
Motivate members to participate ............................................................................................................in 29
Prevent free riders ....................................................................................................................................... 29
Reduce costs of finding and accessing valuable info .................................................................................. 29
3
, Absorptive capacity .......................................................................................................................................... 29
Learning styles .................................................................................................................................................. 30
Exploitative .................................................................................................................................................. 30
Explorative ................................................................................................................................................... 30
Ambidextrous .............................................................................................................................................. 31
Ambidexterity ................................................................................................................................................... 31
Approaches to ambidexterity ...................................................................................................................... 31
Organisational requirements for contextual ambidexterity ....................................................................... 31
Theme 1: Business Model Innovation ........................................................................................................ 32
Business model canvas ..................................................................................................................................... 33
Elements of a Business Model Canvas ........................................................................................................ 33
Business Model Innovation (BMI) ..................................................................................................................... 35
Importance of BMI....................................................................................................................................... 35
Challenges and risks of BMI ......................................................................................................................... 36
Types of BMI ................................................................................................................................................ 37
How to innovate the business model .......................................................................................................... 37
Lean Start-up Model ......................................................................................................................................... 38
Key principles of the lean start-up model ................................................................................................... 38
Theme 2: Social Innovation....................................................................................................................... 39
Social innovation .............................................................................................................................................. 40
Key characteristics ....................................................................................................................................... 40
What Is NOT social innovation? .................................................................................................................. 40
Why attempt social innovation? ................................................................................................................. 41
Design thinking ................................................................................................................................................. 42
The Design Thinking Model ......................................................................................................................... 42
Extra: Meta Article ................................................................................................................................... 43
Leadership ........................................................................................................................................................ 43
Culture and Structure ....................................................................................................................................... 44
Teams ............................................................................................................................................................... 44
Employee profile ............................................................................................................................................... 44
4
, Entrepreneurship and Innovation
Management 348
[Corporate entrepreneurship ]
Table of Contents
Introduction: Corporate Entrepreneurship .................................................................................................. 5
Corporate venturing ............................................................................................................................................5
Strategic entrepreneurship..................................................................................................................................5
Chapter 1: How to Build an Entrepreneurial Organisation ............................................................................ 6
Definitions of innovation .....................................................................................................................................6
Forms of Innovation.............................................................................................................................................6
Radical and incremental innovation....................................................................................................................7
Drivers of change .................................................................................................................................................7
Key questions..................................................................................................................................................7
Greiner model ......................................................................................................................................................8
Chapter 2: Entrepreneurial Strategy.......................................................................................................... 10
The traditional view of Strategy .................................................................................................................. 10
Entrepreneurial view of strategy ................................................................................................................. 10
Frameworks ...................................................................................................................................................... 10
Core competencies ...................................................................................................................................... 10
Dynamic capabilities .................................................................................................................................... 11
Blue Ocean Strategy .................................................................................................................................... 11
Chapter 4: Entrepreneurial Culture and Leadership ................................................................................... 16
Organisational structures ................................................................................................................................. 16
Organisational structures ............................................................................................................................ 17
Entrepreneurial processes ................................................................................................................................ 17
Scanning intensity ........................................................................................................................................ 17
Planning flexibility ....................................................................................................................................... 18
Locus of planning ......................................................................................................................................... 18
Strategic controls (measure & reward) ....................................................................................................... 18
2
, People ............................................................................................................................................................... 19
Recruiting the right people .......................................................................................................................... 19
Rewarding the right people ......................................................................................................................... 19
HR policies and procedures ......................................................................................................................... 19
Leadership ........................................................................................................................................................ 20
Gatekeepers................................................................................................................................................. 21
Champions ................................................................................................................................................... 21
Challenges of Leadership ............................................................................................................................. 21
Leadership styles ......................................................................................................................................... 22
Conclusion......................................................................................................................................................... 22
How to diagnose the entrepreneurial culture of an organisation .............................................................. 22
Chapter 6: Entrepreneurship with External Stakeholders ........................................................................... 22
Modes for corporate venturing ........................................................................................................................ 23
Motives for Corporate Venturing ..................................................................................................................... 23
Network approach ............................................................................................................................................ 23
Rothwell's 5 Generations of Innovation Models ......................................................................................... 23
creating New Value .......................................................................................................................................... 24
Interact with external stakeholders ................................................................................................................. 24
Looking to extremes .................................................................................................................................... 24
Crowdsourcing ............................................................................................................................................. 24
Chapter 7: Managing Uncertainty and Failure............................................................................................ 25
Limits of decision making and outcomes ......................................................................................................... 25
Entrepreneurial management .......................................................................................................................... 26
Venture-led innovation ............................................................................................................................... 26
Lean start-up .................................................................................................................................................... 27
Lean start-up rules ....................................................................................................................................... 27
Chapter 8: Building an Ambidextrous Organisation.................................................................................... 28
Types of New Knowledge ................................................................................................................................. 28
Knowledge sharing networks ........................................................................................................................... 29
Motivate members to participate ............................................................................................................in 29
Prevent free riders ....................................................................................................................................... 29
Reduce costs of finding and accessing valuable info .................................................................................. 29
3
, Absorptive capacity .......................................................................................................................................... 29
Learning styles .................................................................................................................................................. 30
Exploitative .................................................................................................................................................. 30
Explorative ................................................................................................................................................... 30
Ambidextrous .............................................................................................................................................. 31
Ambidexterity ................................................................................................................................................... 31
Approaches to ambidexterity ...................................................................................................................... 31
Organisational requirements for contextual ambidexterity ....................................................................... 31
Theme 1: Business Model Innovation ........................................................................................................ 32
Business model canvas ..................................................................................................................................... 33
Elements of a Business Model Canvas ........................................................................................................ 33
Business Model Innovation (BMI) ..................................................................................................................... 35
Importance of BMI....................................................................................................................................... 35
Challenges and risks of BMI ......................................................................................................................... 36
Types of BMI ................................................................................................................................................ 37
How to innovate the business model .......................................................................................................... 37
Lean Start-up Model ......................................................................................................................................... 38
Key principles of the lean start-up model ................................................................................................... 38
Theme 2: Social Innovation....................................................................................................................... 39
Social innovation .............................................................................................................................................. 40
Key characteristics ....................................................................................................................................... 40
What Is NOT social innovation? .................................................................................................................. 40
Why attempt social innovation? ................................................................................................................. 41
Design thinking ................................................................................................................................................. 42
The Design Thinking Model ......................................................................................................................... 42
Extra: Meta Article ................................................................................................................................... 43
Leadership ........................................................................................................................................................ 43
Culture and Structure ....................................................................................................................................... 44
Teams ............................................................................................................................................................... 44
Employee profile ............................................................................................................................................... 44
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