Academic journal article Indian Journal of Economics and Business

Building an Entrepreneurial Organization: A Study in the U.K

Academic journal article Indian Journal of Economics and Business

Building an Entrepreneurial Organization: A Study in the U.K

Article excerpt

Abstract

This study examines the perception of government agencies, organization and academicians on corporate entrepreneurship in order to identify vital issues that need to be identified. The findings seem to suggest that the government agencies, academicians and organization are rather familiar about what constitutes in being an entrepreneurial organization. More interestingly, the survey finds that some of the less cited characteristics, benefits, factors and constraints appear to be equally important as highlighted by some of the respondents in creating a successful entrepreneurial organization

I. INTRODUCTION

In recent years, with the internationalisation of cross-border businesses, growing attention has been given to corporate entrepreneurship in large established organisations. Many large organisations are looking for ways to reinvent or revitalise their entrepreneurial roots in order to remain competitive in the business environment (Cooper and Dunkelberg, 1986; Wright et al., 1992; Guth & Ginsberg, 1990; Zahra, 1995; Morris & Kuratko, 2002). The practice of corporate entrepreneurship has become a critical requirement for a business to compete successfully in today's competitive environment.

In addition, entrepreneurship within an existing organisation has become an important element in organisations and for economic development. This new emphasis on entrepreneurial thinking developed during the emergence of the entrepreneurial economy of the 1980s and 1990s. The pursuit of corporate entrepreneurship has arisen from a variety of pressing problems including: increased global competition, continual downsizing of organisations in pursuit of greater efficiency, dramatic changes in terms of innovations and methods and improvements in the marketplace, perceived weaknesses in the traditional methods of corporate management and the exodus of those innovative minded employees who are disenchanted with bureaucratic organisation (Morris & Kuratko, 2002). It is therefore, important for this study to examine the current issues in the area of corporate entrepreneurship that need to be addressed by researchers.

II. RESEARCH OBJECTIVE

This exploratory study is conducted among a total of 39 selected government agencies, organisations and academics on the concept of corporate entrepreneurship. The main objective of this exploratory study was to obtain their perception of corporate entrepreneurship and to determine the understanding and familiarity level of this concept. This exploratory study compared the findings within the existing literature on corporate entrepreneurship and analysed whether there existed a gap in knowledge that needed to be addressed. In addition, findings of this study would be valuable for researchers in the field of corporate entrepreneurship.

Four semi-structured questions were designed to obtain the perspective of the respondents on corporate entrepreneurship. Prior to data collection, an outside perspective was obtained from the Regional Manager, Bank of England to evaluate and validate the questionnaires. The questions were found to be appropriate in soliciting the understanding and familiarity level of the respondents on the concept of corporate entrepreneurship. Figure 1 shows the design and strategy of this exploratory study.

[FIGURE 1 OMITTED]

III. METHODOLOGY

Four open-ended questionnaires were distributed to 39-selected government agencies, business organisations and academicians. The sample of companies, government agencies and academicians were drawn from the existing database of the Institute for Enterprise and Innovation, Nottingham University Business School.

The study obtained a high response rate of 72% (28 respondents). From the 28 respondents who replied the questionnaires there were some answers that were unintelligible for question 1, 2 & 3. As for questions 1 & 3, 94% of the answers were usable, for question 2 is 88% were usable and question 4, 80% were usable. …

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