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entre_presentation - ENTR 3312 Corporate Entrepreneurship...

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    ENTR 3312:  Corporate Entrepreneurship
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“Wealth in the new regime flows  directly from innovation, not  optimization; that is, wealth is not  gained by perfecting the known, but  by imperfectly seizing the unknown.” ~Kevin Kelly, “New Rules for the New Economy,” Wired The Entrepreneurial Imperative
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The Embattled Corporation Technological  Technological  Economic Economic Competitive Competitive Labor Labor Resource  Resource  Customer Customer Legal Legal Regulatory Regulatory Global Global Managers face shortened decision windows and diminishing opportunity streams, meaning they must act quickly or find themselves missing out on opportunities” The external environment is constantly changing
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The New Path to Sustainable  Competitive Advantage Achieving a sustainable competitive advantage  derives from five key company capabilities Adaptability Adaptability Flexibility Flexibility Speed Speed Aggressiveness Aggressiveness Innovation Innovation “Entrepreneurship is the core source of sustainable advantage”
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What is Entrepreneurship? Seven perspectives on the nature of  Seven perspectives on the nature of  entrepreneurship entrepreneurship Creation of wealth Creation of enterprise Creation of innovation Creation of change Creation of employment Creation of value Creation of growth
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What is Entrepreneurship? The most common key words found in the  definition of entrepreneurship Starting / Founding / Creating New Business / New Venture Innovation / New Products / New Market Pursuit of Opportunity Risk-taking / Risk Management / Uncertainty Profit-seeking / Personal Benefit
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What is Entrepreneurship? An encompassing definition of entrepreneurship: “Entrepreneurship is the process of creating  value by bringing together a unique  combination of resources to exploit a  perceived opportunity.”
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What is Entrepreneurship? Entrepreneurship involves a process Entrepreneurs create value where there  was none before Entrepreneurs put resources together in  a unique way Entrepreneurship is opportunity-driven  behavior
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What is Corporate Entrepreneurship? Other popular related terms Organizational entrepreneurship Intrapreneurship Corporate venturing Corporate entrepreneurship  is a term used to  describe entrepreneurial behavior inside  established mid-sized and large organizations.
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Management Vs. Entrepreneurship Management  is the process of setting  objectives and coordinating resources,  including people, in order to attain them.
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Management Vs Entrepreneurship Managers  focus more on the current  situation and how to improve efficiency  and effectiveness Entrepreneurs  focus less on the current  situation and more on what can be
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