Coporate Venturing Entrepreneur T5

Entrepreneurship is associated with:

• The pursuit of opportunity with limited resources

• The pursuit of wealth and fame

• The pursuit of business

Unique features of corporate entrepreneurship are:

• Strategic renewal entrepreneurship, independent entrepreneurship & entrepreneurship

• Strategic renewal entrepreneurship, independent entrepreneurship & sole proprietorship

• Strategic renewal entrepreneurship, independent entrepreneurship & partnership

Corporate venturing are:

• Instigated by an existing organisational entity & are treated as a family business

• Instigated by an existing organisational entity & are treated as a an old business

• Instigated by an existing organisational entity & are treated as a new business

Innovation

• has the potential to transform to help make a company wealthy

• has the potential to transform competitive environment and organisation

• has the potential to transform small business to big business

External corporate venturing:

• resides outside existing organisational domain

• resides inside existing organisational domain

• resides near existing organisational domain

Internal corporate venturing:

• promotes employees from within

• are always treated as old business

• reside within existing organisational domain

Sustained regeneration is a:

• form of corporate entrepreneurship that is exhibited by firms that introduce new products or services or enter new markets annually

• form of corporate entrepreneurship that is exhibited by firms that sometimes introduce new products or services or enter new markets

• form of corporate entrepreneurship that is exhibited by firms that regularly and continuously introduce new products or services or enter new markets

Organisational Regeneration:

• Improved strategy execution via organisational rejuvenation entails actions that reconfigure a firm’s succession planning

• Improved strategy execution via organisational rejuvenation entails actions that reconfigure a firm’s talent management

• Improved strategy execution via organisational rejuvenation entails actions that reconfigure a firm’s value chain

A pathway to a successful corporate venture consists of:

• An entrepreneurial vision, the customer in the team, experimentation and failure is accepted & time for innovation

• An entrepreneurial ambition, the employee in the team, experimentation and failure is accepted & time for innovation

• An entrepreneurial ambition, the employee in the team, trial & error with available funds & time for innovation

A greenfield investment:

• a field of new opportunities

• is a type of franchise in a new country

• is a type of foreign direct investment (FDI) in which a parent company creates a subsidiary in a different country, building its operations from the ground up.