Topic 3 Assignment.docx - 1 In your own words what is...

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1. In your own words, what is corporate entrepreneurship? This is the process that is used to make a new business, products, services or processes that are inside of an organization. That will be used to create new revenues through entrepreneurial thought and action. 2. What are two reasons that such a strong desire to develop corporate entrepreneurs has arisen in recent years? The two reasons that there is such a strong desire to develop corporate entrepreneurs is because in the last years many learned something about corporate entrepreneurship. Corporate entrepreneurship allows entrepreneurs to work with the worker’s and manager’s talents. 3. What are some of the corporate obstacles that must be overcome to establish a corporate entrepreneurial environment? Some obstacles that need to be overcome to establish a successful corporate entrepreneurial environment is based on the traditional management techniques that are applied to the innovative developments. Examples would be in a traditional management one would plan for the long term. However negative effects of this would be that the goals are locked and they are too high. So it is suggested that they make small goals, or in other words take baby steps,

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