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Flashcards
Refresher: Forms of Corporate Entrepreneurship
Corporate Entrepreneurship
Strategic Entrepreneurship
“Innovate for competitive
advantage”
• Strategic renewal
• Continuous regeneration
• New business segment
• Organisational renewal
• New business model
Refresher: Forms of Corporate Entrepreneurship
Entrepreneurship
Corporate
Entrepreneurship
Independent
Entrepreneurship
Thinking Exercise
What are the two main elements that are needed
to compete in and win a sailing race?
Element 1: Wind
• Looking for and finding the best wind is not sufficient
• Which use is the best wind if you cannot sail?
Element 2: Sailing skills
• The best sailing knowledge and capabilities are useless without wind
Strategic Entrepreneurship: Definition
Combining two perspectives on wealth creation
Which 2 words?
Exploit
Explore
Strategic Entrepreneurship: Combinations
Arrows
Opportunity seeking behavior through sensing / seizing of opportunities
Advantage seeking behavior through efficient resource management
5 Forms Of Strategic Entrepreneurship
Form 1: Strategic Renewal
Form 2: Sustained Regeneration
Form 3: Domain Redefinition (blue ocean)
Form 4: Organizational Rejuvenation
Form 5: Business Model Reconstruction