Corporate Entrepreneurship An Empirical Study of the Importance of Strategic Considerations in the Creation of Radical Innovation.docVIP

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Corporate Entrepreneurship An Empirical Study of the Importance of Strategic Considerations in the Creation of Radical Innovation.doc

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Corporate Entrepreneurship An Empirical Study of the Importance of Strategic Considerations in the Creation of Radical Innovation

CorporateEntrepreneurship:AnEmpiricalStudy oftheImportanceofStrategicConsiderations intheCreationofRadicalInnovation AstridHeidemannLassen Therecognitionoftheimportanceofentrepreneurialdynamicsincor- poratecontextisincreasinglyacknowledgedinbothentrepreneurship and strategic management literature, as ?rms today face a reality in whichframe-breakinginnovationisanimportantelementofsurvival. From this understanding, the concept of Strategic Entrepreneurship (se) has arisen, arguing a logic of focusing on the intersections be- tweenthetwo?elds.Thispapersetsouttoexplorethe se construct empirically.Throughsevencasestudiesevolvingaroundradicaltech- nologicalinnovations,evidenceisfoundoftheimportanceofincorpo- rationofstrategicconsiderationstakingplaceatseveraldi?erentlev- elsoftheorganization,inordertoobtainadesirablebalancebetween entrepreneurialandstrategicforces.AnIntegrativeModelofStrategic Entrepreneurshipissuggestedbasedonthisevidence. KeyWords:strategicentrepreneurship,radicalinnovation,casestudies jelClassi?cation:o31,o32 Introduction In a reality characterized by intensi?ed global competition, dynamic changeandincreasinguncertainty,theneedfororganizationstobecome moreinnovativeinordertosurviveandgrowisincreasingrapidly.In thiscontext,corporateentrepreneurshipismorerelevantthanever,asa viablemeansforexistingorganizationstocontinuouslyexploreandex- ploitpreviouslyunexploitedopportunities,therebymovingtheorgani- zation(orsomesubsetofindividuals)toanewstateofbeing(Stevenson andJarillo1990;Krackhardt1995). Researchershavesuggestedthatthepursuitofcorporateentrepreneur- shiprequiresestablishedcompaniestostrikeafragilebalancebetween engaginginactivitiesthatmakeuseofexistingknowledge,whileatthe sametimechallengingthemselvestoembarkuponnewadventures,seek- ingnewknowledgeandopportunitiestorejuvenatethemselves(Hannan andFreeman1989;FloydandWoolridge1999). DrAstridHeidemannLassenisaResearcherintheCenter forIndustrialProduction,AalborgUniversity,Denmark. ManagingGlobalTr