(Solved Homework): isn't corporate entrepreneurship an oxymoron? do the characteristics of an…

isn’t corporate entrepreneurship an oxymoron? do the characteristics of an established organisation. such as its routines and structure, increase efficiency but at the same time kill any entrepreneurship spirit? is there any way that a company can have the best of both worlds?

Expert Answer

Corporate entrepreneurship is definitely not an oxymoron. In todays world it can be witnessed that every corporates encourage entrepreneurship within their firm.They welcome innovations and creativity from anyone inside an organization. Organizations have a standard framework to support innovation and business growth.Organisations with a good record of entrepreneurship are definitely survivors and successors and their production level is found to be comparitively high.So definitely it is not an oxymoron.

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Routine and structure increase efficiency as well as develop entrepreneurship spirit when possible plan and exercise is given even among the routine work.

To have the best of both the worlds the organization can promote and follow certain strategies like

Employees can be given freedom to use the resources available to them when they are very confident in their innovation.

Rewards and acknowledgements have a great role to play.It will surely bring positive ideas and creativity.

A sense of trust should be spread among the employees from the side of management.

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