Identify the four key elements on which managers should concentrate to develop

Identify the four key elements on which managers

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8.Identify the four key elements on which managers should concentrate to develop a corporate entrepreneurship strategy. The four key elements are: developing a vision; encouraging innovation; structuring for an intrapreneurial environment; and developing venture teams. 9. Explain the differences between radical and incremental innovation. Radical innovation represents inaugural breakthroughs that have been launched. These innovations take experimentation and vision but are not managed. Incremental innovation refers to the systematic evolution of a product or service into a new market. This innovation can be managed 10.Identify the five specific entrepreneurial climate factors that organizations need to address instructuring their environment. Top management support; autonomy/work discretion; rewards/reinforcement; time availability; and organizational boundaries 11.Why are innovation teams emerging as part of a new strategy for many corporations?
12.What are the roles of middle managers in corporate entrepreneurship? Be specific. endorse, refine, and shepherd entrepreneurial opportunities, and identify, acquire, and deploy resources needed to pursue those opportunities. 13.Describe the elements that are involved in sustaining corporate entrepreneurship . Sustainedentrepreneurial activity is the result of the perception of the existence of several organizational antecedents, such as top management support, autonomy, rewards, resources, and flexible organizational boundaries.

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