Strategic entrepreneurship
4 important questions on Strategic entrepreneurship
When using R&D, firms produce 2 types of internal innovations:
2) radical innovations provide significant technological breakthroughs and create new knowledge.
Two types of internal corporate venturing
- induced strategic behavior; top-down process whereby firm's current strategy and structure foster innovations that are closely associated with that strategy and structure.
2 disadvantages of cross-functional teams
- organizational politics
- Higher grades + faster learning
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2 types of strategic entrepreneurship
- venture capital; investors that invest in companies and projects they believe will bring substantial profit
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