Others, such as Phan et al. We also studied the differences in the number of citations depending on the methodology applied: qualitative researches have an average of 72 citations, whereas quantitative works have an average of 109. Thats why its been investing in new businesses for the past decade. Artists as public sector intrapreneurs: an experiment. https://doi.org/10.1111/ijmr.12070, Lumpkin, G. T., & Dess, G. G. (1996). Entrepreneurship & Regional Development, 28(56), 380402. In addition, most theoretical models have also paid attention to the role of both antecedents and consequences of engaging in corporate entrepreneurial activity (Zahra, 1991). In the 1980s, the literature was mainly concerned with the organizational renewal process and the combination of resources necessary to commit to develop an innovative project (Burgelman, 1983a, 1983b; Pinchot, 1985; Schollhammer, 1982). (1988); Ohe et al. volume59,pages 15411565 (2022)Cite this article. Corporate entrepreneurship and family business: Learning across domains. Strategic Management Journal, 22(67), 521543. Theyre not building something entirely from scratch, nor are they risking their own money. (2015); Braune et al. At the organizational level, one of the first antecedents studied was companies organizational structure and values (Zahra, 1991) and issues such as communication, formal controls, environmental scanning or organizational support have been shown to have a positive effect on CE (Antoncic & Hisrich, 2001). Guerrero, M., Amors, J. E., & Urbano, D. (2021). https://doi.org/10.2307/257076, Zahra, S. A. Entrepreneurial co-creation: Societal impact through open innovation. https://doi.org/10.1111/etap.12120, Camelo-Ordaz, C., Fernndez-Alles, M., Ruiz-Navarro, J., & Sousa-Ginel, E. (2012). Entrepreneurship Theory and Practice, 35(5), 855872. (2009); McDougall et al. Entrepreneurial orientation theory and research: Reflections on a needed construct. (1991); Miller et al. We conducted a systematic literature review and used a bibliometric approach to analyze and describe the findings. (2017); de Lange and Valliere (2020); Gentry et al. (2021); Bae and Lee (2021); Dokko and Gaba (2012); Gaba and Meyer (2008); Ling et al. Journal of Business Venturing, 24(3), 248260. https://doi.org/10.1016/j.jbusvent.2016.08.002, Kellermanns, F. W., & Eddleston, K. A. In terms of specific journals, JBV is the most prolific as it accounts for the vast majority of publications (25% of the articles; 78 out of 310 papers). A rigorous, hands-on program that prepares adaptive problem solvers for premier finance careers. To our knowledge, since the early work of Morris et al., (1993, 1994), few empirical papers have appeared analyzing the role of national culture related factors at a country (or specific region) level of analysis (Turro et al., 2014). Bhardwaj et al. https://doi.org/10.1016/j.jbusvent.2011.08.002, Post, C., Sarala, R., Gatrell, C., & Prescott, J. E. (2020). The life cycle dimension of CE activities has not been sufficiently studied, highlighting the need for further research on the topic. https://doi.org/10.1111/etap.12147, Bettinelli, C., Sciascia, S., Randerson, K., & Fayolle, A. For instance, Antoncic and Hisrich (2001) present and test a model that studies the effect of a set of antecedents at different levels of analysis (organization and environment). Entrepreneurship Theory and Practice, 30(3), 399415. (2009); Zahra (1991); Zahra (1993); Zahra (1995); Zahra (1996a, 1996b); Zahra and Covin (1995); Zahra and Garvis (2000); Zahra and Hayton (2008); Zahra et al. . https://doi.org/10.1002/smj.2510, Maes, J., & Sels, L. (2014). https://doi.org/10.1002/smj.2002, Shane, S. (2000). Overall, despite the progress made to date, there are many important topics that require further research. https://doi.org/10.1111/j.1540-6520.2005.00095.x, Schildt, H. A., Zahra, S. A., & Sillanp, A. https://doi.org/10.1177/0149206308324326, Wright, M., Thompson, S., & Robbie, K. (1992). Explorative and exploitative learning from external corporate ventures. Corporate Entrepreneurship - Management - Oxford Bibliographies A system dynamics perspective of corporate entrepreneurship. From this perspective, the first search round focused on those outlets that are widely agreed to be top journals in the management field. A non-degree, customizable program for mid-career professionals. We then describe the studys main findings. (1990); Larraeta et al. (2014). Anyone you share the following link with will be able to read this content: Sorry, a shareable link is not currently available for this article. Past studies from several complementary fields, such as strategy, finance, entrepreneurship or marketing, have contributed to a better understanding of complex and dynamic entrepreneurship within established organizations (Hornsby, et al., 2013). https://doi.org/10.1007/s11187-019-00304-z. In the area of governance systems and property rights, findings from prior studies on the role of ownership in different types of CE are fragmentary. European Economic Review, 86, 147160. Emerging issues in corporate entrepreneurship. Corporate entrepreneurship and strategic management: Insights from a process study. However, several issues remain unexplored. Table 2 presents information on the most cited articles. (2007); Miles and Covin (2002); Monsen et al. PDF Turnaround Management through Internal Corporate Venturing: A Case (2006). In addition, a growing number of articles have studied the differences between independent (also known as, traditional or private) venture capital and corporate venture capital (Dushnitsky & Shapira, 2010). Small Business Economics, 41(4), 887898. (1994); Miller et al. https://doi.org/10.1016/j.jbusvent.2011.04.001, Judge, W. Q., Liu-Thompkins, Y., Brown, J. L., & Pongpatipat, C. (2015). Strategic Management Journal, 31(9), 9901017. If you know theres an existing demand or customer base for a particular type of product, and you have something similar, youre likely going to be able to sell it. For the same reason, other overlapping fields such as, organizational creativity, organizational ambidexterity or entrepreneurial orientation were also excluded from the search terms. Shafique, M. (2013). It is important to address this gap to provide a meaningful assessment of how the CE literature has continued to evolve beyond earlier reviews and to set out new directions for research in this area. But, precisely these activities are the most vulnerable in times . https://doi.org/10.1007/s11365-013-0257-4. Does regulation hurt innovation? A. Future research could deepen on the relation with these neighboring fields. Strategic Management Journal, 2(2), 169180. (2013), p. 312) state that it is important to consider how cultural factors may also influence the internal dynamics of the CE process. Some researchers have considered the companies internal corporate culture and values (Antoncic & Hisrich, 2001; Zahra, 1991; Zahra et al., 2009). In addition, several studies focused on the differing nature of CE activities compared with those of independent entrepreneurship (e.g., Parker, 2011). (2002). 2) that summarizes extant literature differentiating between 3 main areas: CE antecedents, CE dimensions, and CE consequences. Analyzing the bibliometric structure of a specific body of literature allows for increased objectivity (compared with other forms of literature review) and enables the researcher to sift through large amounts of data (Wallin, 2012). Basu et al. (2015); Heavy et al. The intrapreneur and innovation in creative firms. Therefore, future research could deepen more specifically the outcomes and consequences of different types of CE funding (e.g., inhouse vs outside), given that managers incentives could potentially determine their preferences for particular types of venturing and other CE activities. Environment, corporate entrepreneurship and financial performance: A taxonomic approach. Strategic Management Journal, 38(3), 487505. RWE Power AG, with headquarters in Essen and Cologne, Germany, is a company of the RWE Group. To our knowledge, this approach has not yet been undertaken in the specific CE literature. Entrepreneurship in the large corporation: A longitudinal study of how established firms create breakthrough inventions. However, citations may be used for other purposes such as to criticize another authors work or to mention ones own articles, or are simply gratuitous citations. Corporate venturing enablers: Allies to enhance open innovation Finally, the information in Fig. Achieving strategic renewal: The multi-level influences of top and middle managers boundary-spanning. Previous research has highlighted the clarification of the different CE domains (and its definitions) as a key issue for the future understanding of this field (Kuratko et al., 2015). (1987); Dushnitsky and Lenox (2006); Filatotchev et al. Thats also why corporate entrepreneurship is important. Based on the entrepreneurial orientation construct, researchers usually classify CE into three to five dimensions (Covin & Slevin, 1991)new business venturing, product, service and process innovativeness, self-renewal and proactiveness (Guth & Ginsberg, 1990; Lampe et al., 2020; Zahra, 1993) are the most common. Entrepreneurship Theory and Practice, 26(4), 3352. Overall, there is agreement that CE can renew a companys capabilities and increase its capacity to acquire and use new competencies that improve performance (Zahra et al., 2000). A. These articles use mostly data for one single country, as shown in Table 4, in most cases the samples used contain information only for US companies (54.1%, 106 out of 196). The journals are part of the Business and Management categories. Implications 6. Corporate Intrapreneurship, An Overview | SpringerLink But to introduce a totally new type of breakfast, like breakfast in a pill, is much more disruptive, much more likely to fail.Managers that oversee corporate venturing dont always understand that internal venturing has just as many risks as the entrepreneurial world. (2002); Hornsby et al. Small Business Economics The development of new products: The role of firm context and managerial cognition. https://doi.org/10.1177/0266242613516139, Wadhwa, A., & Kotha, S. (2006). Apply to the Entrepreneurship Development Program for January 2019. Intrapreneurship is as necessary for your companys future as swimming is for a shark if you dont do it, youll die. Corporations leverage external innovation in this model, funding a portfolio of startups with minority investments to accomplish a mix of strategic and financial objectives. Strategic Management Journal, 12(2), 235246. The effect of international venturing on firm performance: The moderating influence of absorptive capacity. Intrapreneurship, or commonly known as corporate entrepreneurship, is well known and applied both by public companies and private companies around the world, growing from the United States, Europe, Africa to Asia. Corporate Innovation & Entrepreneurship (International Edition) (3rd ed.). Researching resilience on companies in Corporate Venturing. Journal of Product Innovation Management, 32(3), 310318. (2016); Dess et al. Following Sharma and Chrisman (1999) we adopt a broad perspective of CE. We can see that over and over again. Among the secondary sources of information, the Profit Impact of Marketing Strategy (PIMS) start up database (employed mostly at the beginning of the 1990s) and the VentureXpert database (Park & Steensma, 2012) are the most widely employed. (2021); Braunerhjelm et al. For instance, a better understanding of the design of contracts and work environments that minimize the risk that the employees seek to avoid by starting their own ventures, could generate interesting insights (Parker, 2011). Read Michael Cusumanos The Puzzle of Japanese Innovation and Entrepreneurship. (2020); Di Lorenzo and Van de Vrande (2019); Dushnitsky and Lavie (2010); Eckhardt et al. Entrepreneurship Theory and Practice, 34(4), 735761. (2016), Wright et al. Benefits of Corporate Venturing https://doi.org/10.1111/j.1540-6520.2006.00126.x. Journal of Management, 41(1), 1146. Corporate entrepreneurship: The innovative challenge for a new global economic reality. Journal of Small Business Management, 123.https://doi.org/10.1080/00472778.2021.1907585, Lampe, J., Kraft, P. S., & Bausch, A. Deutsche Bank: Jobs | LinkedIn Corporate entrepreneurship and real options in transitional policy environments: Theory development. Thus, we are missing an up to date comprehensive review that covers the knowledge and advances generated in the field. Corporate entrepreneurship refers to entrepreneurial activities, such as innovation, venturing, and strategic renewal, within existing firms (Zahra, 1996). What is Corporate Entrepreneurship? https://doi.org/10.1007/s11187-008-9116-z, Alvarez, S., & Barney, J. Corporate entrepreneurship: Current research and future directions. (1991); Van de Vrande et al. The impact of home country institutions on corporate technological entrepreneurship via R&D investments and virtual world presence. When do employees become entrepreneurs? An interdisciplinary program that combines engineering, management, and design, leading to a masters degree in engineering and management. The Four Models of Corporate Entrepreneurship - MIT Sloan Management Review What is Corporate Venturing? - Entrepreneurship - IESE, a Way to Learn Research at the marketing interface to advance entrepreneurship theory. Following previous research (Clark et al., 2014), in this section we focus on the main topics and their trends in the CE literature. Further, how do these conflicts affect CEs success? (1996a). Using the previous criteria, in this second round, out of a total of 283 articles, 226 remained. The adoption of corporate venturing has increased fourfold since 2016, encouraging new trends such as venture client, fund of funds, and corporate venturing squads. Toward a reconciliation of the definitional issues in the field of corporate entrepreneurship. Understanding this life cycle may clarify how the form of CE might change with increased organizational experience and time (Guerrero et al., 2021). (2020); Uzuegbunam et al. There might even be a rip on the campus somebody else might claim to own this canvas.. Clarifying the entrepreneurial orientation construct and linking it to performance. Complexity may relate to technological aspects but also to the complexity of the markets to be served and the services to be provided. Beyond the extensive literature on joint ventures and alliances between corporations, collaborations may involve corporations and universities, governmental agencies, not-for-profit organizations, individual entrepreneurs, etc. Lastly, corporate entrepreneurship as a strategy is addressed. This could be explained because researchers tend to assume that companies fund these activities; however, this is not always the case (Dushnitsky & Shapira, 2010). Entrepreneurship Theory and Practice, 29(4), 493515. (2009). Entrepreneurship Theory and Practice, 36(1), 141170. https://doi.org/10.1002/(SICI)1097-0266(199703)18:3%3C207::AIDSMJ864%3E3.0.CO;2-Q, Block, Z., & Ornati, O. Mapping the field of research on entrepreneurial organizations (19372016): A bibliometric analysis and research agenda. The mission of the MIT Sloan School of Management is to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice. Our results show that, to date, few studies have examined the dissimilarities among the different forms of CE (for an exception, see Verbeke et al., 2007). Similarly, studies published elsewhere in conference proceedings and doctoral theses have been excluded to avoid overlap as they are often the first step before publication in a journal and also to ensure that we include the most rigorous and definitive version. The role of external knowledge sources and organizational design in the process of opportunity exploitation. In addition, the literature suggests that regulations can also have a significant effect on entrepreneurship (Begley et al., 2005). (2009); Keil (2004); Keil et al. Nevertheless, theoretical research has pointed out the importance that institutional variables could have for CE. If things start to get desperate for the company as a whole, that little hive of workers manufacturing electrical watches can be scaled up. Entrepreneurship Theory and Practice, 23(3), 169189. Miller, D. (1983). https://doi.org/10.1162/003355302753399436, Doh, J. P., & Pearce, J. Grounded. Clearly, there is a great deal of interest in CE and this interest is global, suggesting the need for more careful investigations of its international dimensions and strategic relevance. (1999); Yiu and Lau (2008). Governance, ownership, and corporate entrepreneurship: The moderating impact of industry technological opportunities. Entrepreneurship Theory and Practice, 31(1), 103121. https://doi.org/10.1002/smj.488, Dushnitsky, G., & Shapira, Z. Intrapreneurship in the Spanish context: A regional analysis. https://doi.org/10.1287/orsc.11.4.448.14602, Sharma, P., & Chrisman, J. J. (1993); Rosenbusch et al. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. You might think it but tomorrows promised to nobody. All it takes is one big success to pay for dozens of failures.. So you have to balance things that you do with the fact that they could be threatening to your existing business.. 2 provides a conceptual framework summarizing and synthesizing the most relevant concepts. Academy of Management Review, 21(1), 135172. Entrepreneurship research (19852009) and the emergence of opportunities. (2007). (2016); Mohammadi and Khashabi (2020); Park and Steensma (2013); Simsek and Heavy (2011); Smith and Shah (2013); Souitaris and Zerbinati (2014); Van Ness and Seifert (2016); Wang and Wan (2013); Weber et al. This analysis was performed using VOSviewer (Mourao & Martinho, 2020; van Eck & Waltman, 2010). Our results show that the number of articles on CE per journal and year has increased significantly (Table 1). Journal of Business Venturing, 16(5), 495527. Intrapreneurship base in an organization is a concept by which corporate employees at any level of the company - identify and construct a unique business model that offers significant growth opportunities for their company. Cultivation of Intrapreneurship: A Framework and Challenges Nason et al. Emphasis has been placed on the different forms and dimensions of CE, such as: Corporate venture capital (Rind, 1981); International CE (Zahra & Garvis, 2000); Corporate venturing (Zahra, 1996b); Social intrapreneurship (Kistruck & Beamish, 2010); Franchising (Dada et al., 2012); Innovation based CE (Kelley et al., 2009; Wadhwa et al., 2016); or, Strategic renewal (Glaser et al., 2015; Zahra, 1993, 1996a). Indeed, Antoncic and Hisrich (2001, p. 504) state that organizations that engage in intrapreneurial activities are expected to achieve higher levels of growth and profitability than organizations that do not.. These highlight the relationship between CE and strategy (Burgelman, 1983a, 1983b), the effect of CE on firm performance (Zahra, 1991, 1995) or, in some cases, they discuss the main definitions and issues in the field (Guth & Ginsberg, 1990; Sharma & Chrisman, 1999). Such cross-level analyses may go some way to exploring the gap in understanding of the microfoundations of a firms systematic organizational capability for corporate entrepreneurship. The microfoundations of corporate entrepreneurship as an organizational capability. Subsequently, we searched the top entrepreneurship and small business journals with the highest five-year impact factor in the 2020 JCR. Researching entrepreneurship in family firms. (2010); Huang and Madhavan (2020); McGrath (2015); Minola et al. Journal of Business Venturing, 24(3), 274286. Accelerators, Intrapreneurship, Corporate VC: Corporate Innovation (2009). (2004); Gupta and Sapienza (1992); Hill and Birkinshaw (2008); Hornsby et al. (1995). However, no articles were found in these categories. ment of corporate venturing, this study attempted to identify empirically a set of dimensions that both researchers and practitioners can utilize. Anderson et al. You need to think about how big is the market, how many resources do they need to create something, what could the payoff be. However, since entrepreneurial activities are essential for companies to adapt to environmental changes, a greater appreciation of the factors that determine such activities should have both theoretical and practical implications (Zahra et al., 1999). Entrepreneurship Theory and Practice, 26(4), 7194. https://doi.org/10.2307/258632, Lyngsie, J., & Foss, N. J. https://doi.org/10.5465/amj.2009.0909, Dushnitsky, G., & Lenox, M. J. Googles revenue in 2015 was $74 billion, which came largely from advertisements, while only $448 million came from other sources. Middle managers and the translation of new ideas in organizations: A review of micro-practices and contingencies. Overall, Fig. Darwin said its not the strongest that survives, its not the most intelligent that survives, its the one that adapts to change that survives.. Overall, there seems to be a need for further studies focusing on the nature of CE (e.g., focus, goals, form and size) among large, established companies and SMEs (Zahra et al., 2000). (2009) follow similar approaches by grouping the conditioning factors at these different levels of analysis. National culture and entrepreneurship: A review of behavioral research. https://doi.org/10.1002/asi.4630240406, Stam, E. (2013). The potential importance of individuals at different levels in the organization, from non-managerial employees upward, suggests scope for future studies to develop linked employee-managerial-organization-databases. However, the literature still does not agree completely on its main dimensions (Ireland et al., 2009). Intrapreneurship or entrepreneurship? Do employees generational cohorts influence corporate venturing? Specifically, 310 papers published in the top and highly cited journals in the business, management and entrepreneurship fields are examined. (2019); Titus Jr and Anderson (2018); Titus Jr et al. (2021). Intra-organizational networking for innovation-based corporate entrepreneurship. He is sorely missed. Corporate venturing has emerged as an advantageous avenue for companies seeking to drive growth, innovation, and digitization in recent years, as it not only enables and empowers strategic innovation, but also enhances .