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Following previous research (Clark et al., 2014), in this section we focus on the main topics and their trends in the CE literature. In addition, several studies focused on the differing nature of CE activities compared with those of independent entrepreneurship (e.g., Parker, 2011). https://doi.org/10.1016/S0883-9026(99)00054-3, Autio, E., Nambisan, S., Thomas, L., & Wright, M. (2018). (2015). Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Schildt, H. A., Maula, M. V., & Keil, T. (2005). (2015); Keil et al. Intrapreneurship is an important concept and an essential element in organizational growth and economic development. Benefits of Corporate Venturing A system dynamics perspective of corporate entrepreneurship. ), Encyclopedia of entrepreneurship. (2015); Stam (2013); Turner and Pennington (2015); Useche and Pommet (2020); Zahra (2015); Zellweger and Sieger (2012). Stanford University professor Robert Burgelman has written on the topic multiple times in the last 30 years, as has MIT Sloans Edward Roberts. However, research has primarily focused on the financial consequences of entrepreneurial activities (which may be easier to measure) and, therefore, there is a need to study the non-financial goals of CE initiatives (Zahra, 1991). (2009). Generally, researchers examined company related factors (i.e., Zahra, 1991, 1993), although some started taking into account the role of environmental factors (Tsai et al., 1991). Research has focused on which conditioning factors have an effect on the development of CE initiatives. These are: Journal of Business Venturing (JBV, 15.732), Entrepreneurship Theory and Practice (ETP, 15.191), Strategic Entrepreneurship Journal (SEJ, 10.636), Small Business Economics (SBE, 8.139), International Small Business Journal (ISBJ, 7.220), Journal of Small Business Management (JSBM, 6.799), and Entrepreneurship and Regional Development (ERD, 6.142). However, no articles were found in these categories. Abetti (1997); Allen and Hevert (2007); Antoncic and Hisrich (2001); Arzubiaga et al. Guest editorial: The role of corporate entrepreneurship in the current organizational and economic landscape. (2021); Corbett and Hmieleski (2007); Covin and Lumpkin (2011); Covin and Miles (1999); Covin and Miles (2007); Covin and Miller (2014); Covin and Wales (2019); Covin et al. Hence, other environmental or even institutional variables that could have a significant influence, such as culture or legal regulations have been less researched (Urbano et al., 2019). The same goes for a power company, Aulet said, because of the price of power, and having to work with an existing grid rather than creating a new one. Journal of Business Venturing, 31(6), 628642. Journal of Business Venturing, 2(1), 4151. Academy of Management Journal, 39(6), 17131735. Narayanan et al. Five decades of corporate entrepreneurship research: measuring and (2013). Overall, there is agreement that CE can renew a companys capabilities and increase its capacity to acquire and use new competencies that improve performance (Zahra et al., 2000). (2018); Block and Ornati (1987); Bradley et al. Journal of Cleaner Production, 256, 120413. https://doi.org/10.1016/j.jclepro.2020.120413, Narayanan, V. K., Yang, Y., & Zahra, S. A. International Small Business Journal, 30(5), 513535. (2008); Douglas and Fitzsimmons (2013); Fryges and Wright (2014); Glaser et al. The role of venture capital in corporate development. Predictors and financial outcomes of corporate entrepreneurship: An exploratory study. Ch1 the entrepreneurial_revolution Rione Drevale 2.2K views21 slides. Intrapreneurship or entrepreneurship? - ScienceDirect https://doi.org/10.1016/j.jbusvent.2009.01.007. https://doi.org/10.1002/smj.851, Foss, N. J., Lyngsie, J., & Zahra, S. A. PDF Chapter 3: Corporate Entrepreneurship - a Theoretical Overview How do threshold firms sustain corporate entrepreneurship? That is, if two articles are cited in the same paper, they are considered to be closely related to each other either because they belong to the same topic area or their topic areas are closely connected (Schildt et al., 2006, p. 400). One way to make doing new things easier is through incentive programs. https://doi.org/10.1016/j.jwb.2009.04.008, Sahaym, A., Steensma, H. K., & Barden, J. Q. https://doi.org/10.1177/0266242613516139, Wadhwa, A., & Kotha, S. (2006). [Intrapreneurship] is not easy, but if you dont do it, youre going to die, Aulet said. (2009); Hinkler et al. 1 shows the main intellectual structure of CE research (only the most co-cited researches are shown in the graph) where each circle represents an article. Corporate entrepreneurship: Current research and future directions (2019); Ireland et al. Journal of Management Studies, 51(1), 1937. In this regard, some previous research has used interchangeably different terms, such as, intrapreneurship (Pinchot, 1985), corporate venturing (McMillan, 1986) or corporate internal entrepreneurship (Schollhammer, 1982) as synonyms of CE (Antoncic & Hisrich, 2001; Parker, 2011). Tips to Launch a Corporate Venturing Program - Entrepreneurship Does regulation hurt innovation? But also assets that you dont control. Entrepreneurial finance meets organizational reality: Comparing investment practices and performance of corporate and independent venture capitalists. Management Science, 53(6), 919933. The more, the merrier? Your company is going to die. Intrapreneurship: Construct refinement and cross-cultural validation. Shafique, M. (2013). Academy of Management Review, 21(1), 135172. Strategic Management Journal, 38(3), 487505. https://doi.org/10.1287/orsc.11.4.448.14602, Shepherd, D. A., Covin, J. G., & Kuratko, D. F. (2009). While they lose lots of money on those new businesses, Google structures the investments in a way so the company can see where the money is going and pinpoint losses. International Entrepreneurship and Management Journal, 9, 111. However, despite the growing research in the last few years, there are aspects where we still lack understanding (Hornsby et al., 2009; Phan et al., 2009) as the theoretical and empirical knowledge about the domain of CE and the entrepreneurial behavior on which it is based are still key issues that warrant a deeper understanding (Kuratko et al., 2015, p.247). Harper & Row. However, the literature still does not agree completely on its main dimensions (Ireland et al., 2009). MIT professor Eric von Hippel justifies intrapreneurship like this: Imagine youre a mechanical watchmaker. (2014). (2003), the authors attempt to identify emerging issues in CE by focusing specifically on its role in inducing and cultivating organizational learning. For the same reason, other overlapping fields such as, organizational creativity, organizational ambidexterity or entrepreneurial orientation were also excluded from the search terms. Project failure from corporate entrepreneurship: Managing the grief process. The role of organizational size in the heterogeneous nature of corporate entrepreneurship. Entrepreneurship Theory and Practice, 16(1), 725. https://doi.org/10.1016/j.jbusvent.2008.05.010, Keupp, M. M., & Gassmann, O. Youve been assembling mechanical watches and their tiny mechanical pieces for decades. Corporate entrepreneurship in family firms: A family perspective. Strategic renewal: Beyond the functional resource role of occupational members. Nason et al. Small Business Economics, 56, 293310. Results 5. Further, attention has been given to the vital role that middle managers can have in creating an environment that encourages innovation and entrepreneurship (Wooldridge et al., 2008). An individual-level perspective on intrapreneurship: a - Springer https://doi.org/10.1177/0266242610385396, Carrier, C. (1994). (2009); Janney and Dess (2006); Jones et al. (2021); Crawford and Kreiser (2015); Cruz and Nordqvist (2012); Cucculelli and Bettinelli (2015); Cucculelli and Peruzzi (2020); Cumming et al. A corporate entrepreneurship definition and other points. - AfCE International entrepreneurship research (19892009): a domain ontology and thematic analysis. The conflicting cognitions of corporate entrepreneurs. Journal of Management Studies, 56(6), 11381193. The emerging trends and under researched areas of CE that we have identified open up further avenues for scholarly exploration. (2012); Finkle (2012); Garret and Covin (2015); Heller (1999); Hornsby et al. Frosted flakes with blueberries is probably going to sell to people who like frosted flakes, Cusumano said. Introduction. Following Pinchot (1985), Stam refers to intrapreneurship or entrepreneurial employee activity as the development of new business activities by an employee; hence, it follows a bottom-up approach. Even companies that have had success with intrapreneurship also have failed attempts on their records: Facebook Home, Microsoft Zune, Google Lively, Apple Newton PDA.In the broader world, companies need to have a relatively large portfolio because they have to expect theyre going to get a lot of failures or non-successes in some ways, Cusumano said. Entrepreneurship Theory and Practice, 38(5), 9811000. https://doi.org/10.1016/j.jbusvent.2016.08.002, Kellermanns, F. W., & Eddleston, K. A. Corporate entrepreneurship Tufail Ahmed 30.7K views . Beyond simple utility: Incentive design and trade-offs for corporate employee-entrepreneurs. (2015); Ben Arfi and Hikkerova (2019), Bertoni et al. https://doi.org/10.1177/0149206314541153, Simba, A., & Thai, M. T. T. (2019). Corporate venturing has emerged as an advantageous avenue for companies seeking to drive growth, innovation, and digitization in recent years, as it not only enables and empowers strategic innovation, but also enhances . Thats good and bad news, Aulet said. Strategic Management Journal, 2(2), 169180. We conducted a systematic literature review and used a bibliometric approach to analyze and describe the findings. Ch8 intrapreneurship and coporate venturing - SlideShare Corporate entrepreneurship as a strategic approach for internal The drivers of international corporate entrepreneurship: CEO incentive and CEO monitoring mechanisms. International Journal of Management Reviews, 18(4), 397416. Even though a significant part of the overall corporate entrepreneurship literature has appeared in the last decade, most literature reviews were published earlier. https://doi.org/10.1016/j.euroecorev.2015.08.013, Anderson, N., Potonik, K., & Zhou, J. Further, with very few exceptions (Schildt et al., 2005), empirical research focuses upon the manufacturing sector. https://doi.org/10.1016/j.jwb.2011.05.007. Conversely, a qualitative analysis (e.g., content analysis) of the results includes the study of the main topics and trends, generally by explaining whether and how the content of the topic has evolved over time (Clark et al., 2014). In this regard, it has been argued that the main forms that strategic entrepreneurship can take are strategic renewal, sustained regeneration, domain redefinition, organizational rejuvenation and business model reconstruction (Kuratko et al., 2015; Pettit & Crossan, 2020). Wrong. (2021); Pearce et al. Entrepreneurship Theory and Practice, 23(3), 169189. The reason for this is that although they appeared in the results of the initial search, when analyzing the papers in detail, they used the above terms only in the references section (not in the title, abstract, keywords or text of the articles). Scholarly communities in entrepreneurship research: A co-citation analysis. https://doi.org/10.1111/j.1540-6520.2006.00154.x, Hughes, M., & Mustafa, M. (2017). Similarly, the effects of managers and employees compensation (regardless of the hierarchical level) on CE have not been studied in depth (Hornsby et al., 2002). In addition, and related to the points above regarding types of ownership and goal variety, studies of the consequences of CE also need to explore social as well as financial, and economic outcomes in relation to ownership goals. Toward a reconciliation of the definitional issues in the field of corporate entrepreneurship. Inventive. Previous literature has already highlighted the difficulties of measuring performance in organizational studies, particularly among new ventures because even successful start-ups often do not reach profitability for a long period of time (Tsai et al., 1991). https://doi.org/10.1111/ijmr.12070, Lumpkin, G. T., & Dess, G. G. (1996). (2016); Cabral et al. When do employees become entrepreneurs? The Group | RWE ; Ireland et al. ) Sometimes that business becomes a new section, or department, or even a subsidiary spinoff. Research agrees that corporate entrepreneurship has a positive impact on firms profits and growth. Strategic Management Journal, 41(6), 11121138. (2002); Swoboda and Olejnik (2016). The potential importance of individuals at different levels in the organization, from non-managerial employees upward, suggests scope for future studies to develop linked employee-managerial-organization-databases. An existing business has products, revenue, employees, cash, organizational structure, and processes all the things a startup is trying to obtain. Read next: Who owns digital innovation? Small Business Economics, 42(2), 126. The middle management perspective on strategy process: Contributions, synthesis, and future research. Strategic Management Journal, 22(67), 479491. Corporate Intrapreneurship, An Overview | SpringerLink State control and corporate governance in transition economies: 25 years on from 1989. Biniari (2012); Block et al. Using the previous criteria, in this second round, out of a total of 283 articles, 226 remained. (2008); Kuratko et al. Has the Concept of Opportunities Been Fruitful in the Field of Entrepreneurship? Companies in these economies also seek to catch up technologically with their counterparts from advanced economies. (1992); Park and Kim (1997); Parker (2011); Patzelt et al. But the dilemma is once you get those things, it creates inertia in the system, it creates rigidity, which makes it hard to be totally flexible, Aulet said. (2014); Dess et al. https://doi.org/10.1057/palgrave.jibs.8490849, Mourao, P. R., & Martinho, V. D. (2020). https://doi.org/10.1016/j.jbusvent.2007.01.001, Zahra, S. A., Nielsen, A. P., & Bogner, W. C. (1999). This approach is consistent with previous literature (Antoncic & Hisrich, 2001; Ireland et al., 2009; Kuratko et al., 2015; Zahra, 1991) and allows to provide a systematic content analysis as well as an organizing framework to analyze CE literature current status (Keupp & Gassmann, 2009). (2020); Thorgren et al. Corporate entrepreneurship (CE) is a term used to describe entrepreneurial behavior inside established mid-sized and large organizations. https://doi.org/10.1007/s11187-019-00198-x, Kuratko, D. F., & Audretsch, D. B. Corporate entrepreneurship and strategic management: Insights from a process study. The microfoundations of corporate entrepreneurship as an organizational capability. Similarly, Ireland et al. (2010); Fang et al. A few introductions to special issues have been published in the last years (Corbett et al., 2013; Kuratko et al., 2015; Minola et al., 2021; Phan et al., 2009). International Journal of Management Reviews, 20, S3S18. https://doi.org/10.1016/S0149-2063(03)00086-2, Ireland, R. D., Covin, J. G., & Kuratko, D. F. (2009). Journal of Business Venturing, 26(2), 153171. https://doi.org/10.1111/etap.12136, Maula, M. V., Autio, E., & Murray, G. C. (2009). (2002); Hornsby et al. (1996b). Second, we also contribute by identifying relevant inconsistencies, ambiguities and gaps in previous literature that have prevented a more detailed understanding of certain areas within the CE field. Third, all papers were read, analyzed, coded, and classified by the authors. (2013); Russell and Russell (1992); Shepherd et al. https://doi.org/10.1007/s11187-019-00304-z. (2017). (2016); Dess et al. We also outline limitations of our analysis. The idea is that firms get caught up in doing what theyre doing, and even if something brand new comes up, if its outside their existing business model, they wont necessarily do something about it.. With the globalization of the world economy, CE researchers have a golden opportunity to examine differences (and similarities) across countries and document how CE activities of different types could impact companies competitiveness, ability to adapt, and engage in continuous innovation and renewal. It is extremely unlikely that an article related to CE is published without using them. Conclusion Abstract Purpose The purpose of this paper is to explore corporate entrepreneurship and the relationship between intrapreneurship and the proposed strategic models through a literature review. ), The Art and Science of Entrepreneurship. The impact of managerial environmental perceptions on corporate entrepreneurship: Towards understanding discretionary slacks pivotal role. Such complexity may call for collaboration among organizations. Earn your masters degree in engineering and management. Corporate Venturing & Enterpreneurship Community In this regard, systematic literature reviews are particularly appropriate approaches to highlight the key contents from the literature in a structured way. Journal of Product Innovation Management, 30(5), 837855. Journal of Business Venturing, 24(3), 236247. https://doi.org/10.1111/etap.12120, Camelo-Ordaz, C., Fernndez-Alles, M., Ruiz-Navarro, J., & Sousa-Ginel, E. (2012). Intrapreneurship Through Various Theoretical Lens. Journal of Business Venturing, 8(4), 319340. In addition, the literature suggests that regulations can also have a significant effect on entrepreneurship (Begley et al., 2005). https://doi.org/10.1007/s11187-015-9632-6, Oconnor, G. C., & Rice, M. P. (2001). (2010); Grande et al. Entrepreneurship Theory and Practice, 23(3), 1128. Table 5 summarizes our discussion by presenting some examples of future research questions on CE. Overall, the literature has highlighted at least three different types of factors at different levels that can influence CE: individual, company related and environmental. A corporate venture is typically characterized by the launch of a new (often risky) project, the relative autonomy of the project, and the fact that the project is being developed internally. Journal of Management, 34(6), 11901221. This article analyzes the state of the art of the research on corporate entrepreneurship, develops a conceptual framework that connects its antecedents and consequences, and offers an agenda for future research. The correlates of entrepreneurship in three types of firms. Entrepreneurship in multinational corporations: The characteristics of subsidiary initiatives. A lot of times people believe that entrepreneurship is strictly associated with startups; thats not how we look at it, Aulet said. Journal of Business Venturing, 6(1), 928. Corporate Venturing - Corporate Finance Institute (2014). (2010); Fini and Toschi (2016); Gupta and Batra (2016); Messeghem (2003); Shu et al. https://doi.org/10.1111/j.1467-6486.2009.00858.x, Hellman, T. (2007). About us. Thats what gets people excited and motivated, Cusumano said. (1992); McGrath (1995); McGrath et al. (2015); Biniari et al. Many of the same criteria that we would use to evaluate a new venture by an entrepreneur is really the same., The history of the term intrapreneurship remains a debate. Journal of Business Venturing, 24(3), 248260. This trend continued in the 20112015 period when 73 papers were published and it is confirmed in the period 20162020 with 76 papers published. (2019); Brundin et al. https://doi.org/10.1016/j.jbusvent.2008.12.001, Salvato, C., Sciascia, S., & Alberti, F. (2009). The role of boards and absorptive capacity. Journal of Business Venturing, 15(5), 469492. In the 1990s, papers deepened analysis of the antecedents of CE activity (Zahra, 1991). Similarly, our research identified no empirical studies and only one theoretical article that study the effect of government policy on CE (Doh & Pearce, 2004). Entrepreneurial mindset in corporate entrepreneurship: Forms, impediments, and actions for research. PubMedGoogle Scholar. (2006); Burgelman (1983a, 1983b); de Bettignies and Chemla (2008); Miller (1983). Specifically, 310 papers published in the top and highly cited journals in the business, management and entrepreneurship fields are examined. https://doi.org/10.2307/254819, Wooldridge, B., Schmid, T., & Floyd, S. W. (2008). Academy of Management Journal, 49(4), 819835. Turro, A., Alvarez, C., & Urbano, D. (2016). Earn your MBA and SM in engineering with this transformative two-year program. Software survey: VOSviewer, a computer program for bibliometric mapping. Journal of Management, 29(3), 351378. (2015) consider CE in the form of innovation in family firms. https://doi.org/10.1111/etap.12147, Bettinelli, C., Sciascia, S., Randerson, K., & Fayolle, A. regeneration within the corporate climate or entire organization. (2005); Sharma and Chrisman (1999); Soleimanof et al. Recent shifts associated with the resurgence of state capitalism may also warrant a reassessment of how CE is measured (Grossman et al., 2016).