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Navigating Corporate Entrepreneurship Obstacles: Strategies for Success

Dive into the reasons for emphasizing entrepreneurship in corporate settings, exploring major obstacles and limitations. Discover how to overcome challenges and constraints to foster innovation and growth within organizations.

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Navigating Corporate Entrepreneurship Obstacles: Strategies for Success

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  1. Understanding the Obstacles to Corporate Entrepreneurship • Reasons for an emphasis on Entrepreneurship • Framework for understanding the obstacles • Limitations that constrain the corporate entrepreneur • Overcoming the obstacles and limitations

  2. Reasons for an Emphasis on Entrepreneurship • Strategic necessity • Maturation of existing businesses

  3. Framework for Understanding the Obstacles • Six major obstacles – Table 9.2 • Systems • Structures • Strategic Direction • Policies and Procedures • People • Culture

  4. Limitations that Constrain the Corporate Entrepreneur • Lack of Political Savvy: Learning to work the system • Lack of Time: Crisis Management • Lack of Rewards for Innovation: Beyond Tokenism • Lack of Good Financial Proposals: Projecting the Numbers • Lack of People Development Skills: Autocracy Rules • Lack of Legitimacy: Untested Concept and Untested Entrepreneur • Lack of “Seed” Capital: The Problem of Early Resources

  5. Limitations - Continued • Lack of Open Ownership: Protecting Turf • Lack of a Sponsor: Someone to Watch over You • Lack of Energy and Shared Enthusiasm: the Inertia Problem • Lack of Personal Renewal: the Issue of Reinforced Denial • Lack of Urgency: Fear as Good and Bad • Lack of Appropriate Timing: The Resource-Shift Dilemma

  6. Overcoming the Obstacles and Limitations • Build Social Capital • Gain Legitimacy • Political Tactics • Resource Acquisition • Co-optation • Focus on the Right Obstacles at the Right Time

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