The individual entrepreneur is expected to fail, whereas the corporation is expected to be stable and to grow steadily to the next level, and the next level, and so on. Jim Dewald discusses the processes towards corporate entrepreneurship which are needed for organisations to achieve longevity and success in the evolving market.
I find it fascinating that corporations are inherently capable and sufficiently resourced to succeed in entrepreneurial ventures – they have the money, the ideas, the brainpower, the leadership capabilities, the sales channels, the suppliers, the research facilities, the customers, the status, and so on. In short, existing corporations already have almost everything an individual entrepreneur seeks in the pursuit of success. So why isn’t there more corporate entrepreneurship? It is because corporate entrepreneurs face institutional barriers, which include…
