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We began posting today to a new website, Benzinga, aimed at active stock traders. Over the course of the next several weeks, we will be describing the corporate entrepreneurship structures of individual companies profiled in Grow From Within….so look for their stock prices to bounce!
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We’re very pleased with a great review of Grow From Within by Dean DeBiase of Reboot Partners, with a summary of some of the key take-aways.
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In a posting at Fast Company today, we explain the Producer Model of Corporate Entrepreneurship, in which a dedicated innovation group is well-funded so that it can pursue new businesses independently. This “skunk works” approach is popular in the innovation literature, but such groups can become isolated if not managed correctly.
This is the last of four [...]
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In our post at Fast Company this week, we explain the Advocate Model of Corporate Entrepreneurship, in which a designated group drives new business creation but is intentionally provided only a modest budget. As such, the Advocate Model is a counterintuitive form of corporate entrepreneurship. But in some corporate contexts, it works to have a group [...]
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In this video roundtable, sponsored by DeVry University’s Keller Graduate School of Management, Rob Wolcott joins Ken Atwater (GE Healthcare IT Solutions), to share insights on corporate entreprenership and innovation project management, covering issues of leadership, organization, personnel and culture.
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In our post at Fast Company this week, we explain the Enabler Model of Corporate Entrepreneurship, in which resources are available for new business creation, but there is no designated organizational ownership. In other words, the early stages of new business conception are explicitly supported, encouraged, but no executive or team is explicitly charged with scaling proven concepts and transitioning them back into the organization.
The [...]
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We’re pleased that our article on innovation leadership was placed front and center in the Chicago Chamber of Commerce’s newsletter today. The article picks up on some of the themes in previous posts here: That corporate entrepreneurship is about more than new products and services and that structure and process are not the enemies of innovation. It emphasizes [...]
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In theory, there’s no difference between theory and practice.
But in practice, there is.”
– Lawrence “Yogi” Berra, American Baseball Legend
How do you successfully build a corporate entrepreneurship capacity? Our research has found that it’s a multi-stage process.
The first key element is a mandate for growth or transformation accompanied by a vision that points in the general [...]
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In our six years of research on innovation and corporate entrepreneurship, we did not find a single company that felt they lacked good ideas. Rather, the difficult task was creating an organization and processes that refine ideas, build businesses, and bring the best of them to market.
There is no one-size-fits-all structure and process to building [...]
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Creating Entrepreneurial Behavior within a Mature Company – Jim Blasingame's Small Business Advocate, November, 13, 2009.
True Marketing Doesn’t Just Sell the Story – Advertising Age, September 2, 2009.
Playing Well With Others – Wall Street Journal, June 22, 2009.
