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In your own words, what is corporate entrepreneurship?It is entrepreneurship thinking or activities in a corporate setting. What are two reasons that such a strong desire to develop corporate entrepreneurs has arisen in recent years?It allows corporations to tap the innovative talents of their own workers and managers.What are some of the corporate obstacles that must be overcome to establish a corporate entrepreneurial environment?What are some of the innovative principles identified by James Brian Quinn that companies need to establish?A number of corporations today are working to reengineer corporate thinking and encourage aninnovative environment. What types of steps would you recommend? Offer at least three and explain each.What are five useful rules for innovation?What are three advantages of developing a corporate entrepreneurial philosophy?Identify the four key elements on which managers should concentrate to develop a corporate entrepreneurship strategy.