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Nature of Corporate Entrepreneurship Chapter 2. Entrepreneurial Revolution Entrepreneurship Defined Entrepreneurial Myths Entrepreneurial Process Nature of Corporate Entrepreneurship. Entrepreneurial Revolution. Drivers Results. Entrepreneurship. Definition
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Nature of Corporate Entrepreneurship Chapter 2 • Entrepreneurial Revolution • Entrepreneurship Defined • Entrepreneurial Myths • Entrepreneurial Process • Nature of Corporate Entrepreneurship
Entrepreneurial Revolution • Drivers • Results
Entrepreneurship • Definition • Process of creating value by bringing together a unique package of resources to exploit an opportunity • Key Components
Entrepreneurial Myths • Entrepreneurs are born, not made • Entrepreneurship is about invention • Entrepreneur profile • All you need is luck to be an entrepreneur • Entrepreneurs are extreme risk-takers (gamblers)
Entrepreneurial Myths (Continued) • Entrepreneurs are academic and social misfits • All entrepreneurs need is money • Ignorance is bliss for entrepreneurs • The high failure rate myth • Entrepreneurship isunstructured and chaotic
Entrepreneurial Process • Fundamental Elements • Assessment Approach (Figure 2.1) • Integrative Approach (Figure 2.2)
Nature of Corporate Entrepreneurship • Defining the Concept • Three Models • Domain Model (Guth & Ginsberg) • Interactive Model (Hornsby, et. al.) • Strategic Integration Model (Covin & Slevin)