Corporate Entrepreneurship: Innovation At The Intersection Between Creative Destruction And Controlled Adaptation
AbstractIn spite of a growing body of knowledge on the importance of innovation and change, firms still experience great difficulties in being continuously entrepreneurial. This article addresses reasons for such difficulties. Building on a conceptual discussion, the article first identifies seemingly opposing forces found at the core of corporate entrepreneurship. These forces are in the article described in terms of 'creative destruction' and 'controlled adaptation'. Both forces are identified as being essential to successful corporate entrepreneurship, but set very different agendas, which can be expected to give rise to tension. Next, a case study of a Danish high-tech SME is introduced in order to identify patterns of practices which are potentially supportive of the creation of balance between the seemingly opposing forces. Based on this, the article introduces a framework for discussion of the two forces and the consequences of how they are approached managerially.
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Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal Journal of Enterprising Culture.
Volume (Year): 17 (2009)
Issue (Month): 02 ()
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Web page: http://www.worldscinet.com/jec/jec.shtml
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