Investigation of critical factors on corporate entrepreneurship

Abstract

Purpose The purpose of this study is to investigate critical factors needed for an internal environment conducive to entrepreneurial activity. Also, this study aims to suggest improved measurement items that can be applied to national corporations in the national management environment where is much interested in the implementation of corporate entrepreneurship. Design/methodology/approach In particular, by using the corporate entrepreneurship assessment instrument (CEAI) and through the Delphi and analytical hierarchy process (AHP) surveys on the group of corporate entrepreneurship experts, a comparative analysis among the emergent four kinds of types is deducted with main internal environmental factors of corporate entrepreneurship activities in South Korea. Findings This study contributes to the decision-making of many organizations about new business directions and success factors to gain new growth opportunities with corporate entrepreneurship activities according to each of their own internal environment status. As a result of the AHP analysis on the opportunist type, work discretion was revealed as the most significant factor. Furthermore, the avoiding identical work approach/steps, the subjective work assessment and the opportunities to practice one’s own style were all recognized as crucial enough to occupy the top to fourth place in the overall importance priority. Originality/value Academically, the local organizational environmental critical factors based on an existing CEAI were issued by allowing the AHP survey with specific scenarios per corporate entrepreneurship activity. This can be applied through various means to benefit many organizations looking for continuous growth and innovation based on corporate entrepreneurship.

The effectiveness of education with the STEM approach in the development of entrepreneurial thinking in chemistry students

“…In the second phase, the concepts of electrochemistry using the STEM approach were taught to the experimental groups in some sessions. Since the STEM approach covers a wide range of teaching methods, so far there is not one way to utilize a STEM approach in teaching and learning and the method of implementation can differ based on the conditions of the learners (Kim and Park, 2021). In this study, the teaching pattern of the STEM approach was designed and the role of the experimental group was clarified (Fig.…”

Corporate entrepreneurship and leadership theories: conceptual review

“…Many research studies stated that leadership contributes to introducing, incubating and nurturing CE and its components. It has also been emphasized that leadership hierarchy can promote a culture of CE (Kim and Park, 2020). CE cultivation is highly dependent on top management support as it requires the constant and patient investment of both time and money (Chen et al , 2005).…”

A ‘Dark Side’ of Humane Entrepreneurship? Unveiling the Side Effects of Humane Entrepreneurship on Work–Life Balance

“…On the one hand, external stakeholders are engaged in multiple collaborative interactions to enhance the inter-organisational economic, social and environmental performances of the firm (Parente, 2020). On the other hand, internal stakeholders are understood as key players of the value creation processes enacted by the firm and as the main originator of a sound organisational culture (Kim & Park, 2020).…”

“…On the one hand, external stakeholders are engaged in multiple collaborative interactions to enhance the inter-organisational economic, social and environmental performances of the firm (Parente, 2020). On the other hand, internal stakeholders are understood as key players of the value creation processes enacted by the firm and as the main originator of a sound organisational culture (Kim & Park, 2020). Humane entrepreneurship implies a balanced mix of entrepreneurial orientation, human resource orientation and sustainability orientation to be effectively implemented (Kim, ElTarabishy, et al, 2018;Parente et al, Palumbo 125 2018).…”