This study aims at exploring the factors supporting corporate entrepreneurs hip as perceived by the employees. A pool of variables was formed and refined using literature survey. The questionnaire designed from this pool was administered to the managers of three firms having a successful record of corporate entrepreneur ship. The data analysis suggests four dimensions supporting corporate entrepreneurship - organisational system, team spirit, leaders' support and empowerment. The results further suggest that firms need not to overemphasise rewards and freedom to employee, rather strive to create a supportive organisational structure along with a collaborative work environment and support from leaders in the entrepreneurial initiatives. The implications of the study and future research directions are also discussed in this paper.
Purpose: Intrapreneurship refers to employee initiatives in organizations to undertake something new, without being asked to do so. In recent years, enterprises have established “innovation units” to stimulate new ideas and utilize the energy and ideas of the individuals in international enterprises. It involves the process where an individual or a group of individuals, within an established company innovate or create a new organization as sub unit and get involved in the process of wealth creation. The systems of the organizations play an important role in developing entrepreneurial orientation of the employees. Various theories have suggested that there is a positive relation between the Intrapreneurship and organization culture and it becomes more prominent in the presence of effective reward system. The paper aims to explore the role of moderating effect of rewards on culture and Intrapreneurship relationship in an organizational setting. Methodology: The present study was done on a sample of 150 managers belonging to private sector organization. Variables in the study were assessed through descriptive statistics, Pearson Product Moment Correlation and Hierarchical Regression Analysis. Findings: It was analyzed that there is a positive and significant relationship between culture and Intrapreneurship and Performance Linked Rewards and Policies to motivate Innovation moderated the impact of culture on Intrapreneurship. Implications: The findings of this study can assist organizations to develop intrapreneurial mindset of employees with the suitable Reward System which is instrumental in providing a conducive culture to the employees. There should be better learning environment and better work place practices, performance linked rewards to encourage innovation by the employees.
Education financing is a key retail banking product for most commercial banks and a lifeline for large numbers of students seeking professional courses. This study aimed to identify the impediments in the successful delivery of this loan product in India, where it is marketed majorly by public sector banks under a common scheme devised by the government. The study adopted a qualitative approach to probe behavioral issues related to the credit appraisal process, which is the most suitable approach for unstructured exploratory design. Since credit managers in banks work with applicants for education loans, their insight becomes essential to understanding the issues plaguing with the smooth implementation and delivery of this scheme. Thus, ten public sector bank managers working in different geographical locations were selected using a homogeneity purposive sampling technique. The study collected 41 responses, which were then divided into 4 major categories. The responses were simultaneously transcribed manually to ensure that data remained close to the original verbatim of the participant. All transcribed interviews were imported into ATLAS.ti 8 Software for analysis. The 4 observational categories lead to a broad understanding that product accessibility, operational hurdles, scheme features and limitations in bad loan recovery are key bottlenecks in managing education loans. These responses had over 80% commonality on key issues of product feature and cost. It was concluded that education financing can perform better by improving access, rationalizing interest rates and liberalizing repayment terms. These findings can be used as input for tweaking the product for better performance.
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