INNOVATION AND CORPORATE ENTREPRENEURSHIP

Abstract

Arguably, one of the most unexpected findings of the Panel Study of Entrepreneurial Dynamics has been the discovery of higher levels of corporate entrepreneurship (CE) than expected. One entrepreneur in seven is starting a business for or with their current employers. Given the current numbers for independent start-ups, that rate translates into 150,000 corporate entrepreneurship efforts annually in the USA. Another way to think of it is that in terms of firms with employees, corporate entrepreneurial ventures represent one-quarter of new start-ups each year. Those efforts also potentially represent a disproportionate percentage of surviving efforts, because corporate entrepreneurial projects tend to have superior initial access to financial, human and organizational resources than the vast majority of independently started firms.

Citation

Shepherd, D.A. and Katz, J.A. (2004), "INNOVATION AND CORPORATE ENTREPRENEURSHIP", Advances in Entrepreneurship, Firm Emergence and Growth (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 7), Emerald Group Publishing Limited, Leeds, pp. 1-6. https://doi.org/10.1016/S1074-7540(04)07001-1