Abstract
Product and service expansion opportunities that are connected to an organization’s core work have a greater chance of success than those ideas that are unrelated to its main activities (Sykes, 1986; Sorrentino and Williams, 1995; Thornhill and Amit, 2001). To paraphrase this idea in the wisdom of Seth Godin, it is Blockbuster that should have invented Netflix and, by the same line of reasoning, Polaroid should have been the one to bring Instagram to market. But they didn’t. Not only did Blockbuster and Polaroid not capitalize on their inherent wisdom with an eye to the future, they lost to their competitors that were innovating and encouraging internal (or corporate) entrepreneurship, which led to them both having to eventually close up shop all together. It did not need to be that way.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Argyris, C. and D. A. Schon (1978) Organizational Learning: A Theory of Action Perspective. Reading, MA: Addison-Wesley.
Bates, T. (1995) “Self-Employment Entry Across Industry Groups” Journal of Business Venturing, 10(2): 143–156.
Baum, J. R., E. A. Locke and K. G. Smith (2001) “A Multidimensional Model of Venture Growth” Academy of Management Journal, 44(2): 292–303.
Baumol, J. (1993) Entrepreneurship, Management and the Structure of Payoffs. Cambridge, MA: MIT Press.
Bhide, A. (1999) “Developing Start-up Strategies” In W. A. Sahlman, H. Stevenson and M. J. Roberts (Eds.), The Entrepreneurial Venture, 2nd ed.: 121–137. Boston MA: Harvard Business School Press.
Block, Z. and I. C. MacMillan (1993) Corporate Venturing: Creating New Business within the Firm. Boston, MA: Harvard Business School Press.
Bower, J. L. (1970) Managing the Resource Allocation Process. Boston: Harvard Business School Press.
Brown, J. S. and P. Duguid (2001) “Knowledge and Organization: A Social-Practice Perspective” Organization Science, 12(2): 198–213.
Burgelman, R. A. (1982) “Corporate Venture Creation and Strategic Management: Insights from a Process Study” Management Science, 29(12): 1349–1364.
Burgelman, R. A. (1983) “A Process Model of Internal Corporate Venturing in Diversified Major Firm” Administrative Science Quarterly, 28(2): 223–244.
Busenitz, L. W., C. Gomez and J. W. Spencer (2000) “Country Institutional Profiles: Unlocking Entrepreneurial Phenomena” Academy of Management Journal, 43(5): 994–1003.
Cannon, M. D. and A. C. Edmondson (2005) “Failing to Learn and Learning to Fail (Intelligently): How Great Organizations Put Failure to Work to Innovate and Improve” Long Range Planning, 38(3): 299–319.
Christensen, C. M. (1997) The Innovator’s Dilemma. Boston: Harvard Business School Press.
Drucker, P. (1954) The Practive of Management. New York: Harper & Row.
Foster, R. and S. Kaplan (2001) Creative Destruction: Why Companies that Are Built to Last Underperform the Market and How to Successfully Transform Them. New York: Currency.
Garud, R. and A. V. d. Ven (1992) “An Empirical Evaluation of the Internal Corporate Venturing Process” Strategic Management Journal, 13(S1): 93–109.
Gilbert, C. G. (2005) “Unbundling the Structure of Inertia: Resource versus Routine Rigidity” Academy of Management Journal, 48(5): 741–763.
Gintis, H. and R. Khurana (2008) “Corporate Honesty and Business Education: A Behavioral Model” In P. J. Zak (Ed.), Moral Markets: The Critical Role of Values in the Economy: 300–328. Princeton NJ: Princeton University Press.
Gompers, P. A. and J. Lerner (1999) The Venture Capital Cycle. Cambridge, MA: MIT Press.
Gompers, P. A. and J. Lerner (2001) The Money of Invention. Boston: Harvard Business School Press.
Greene, P. G., C. G. Brush and M. M. Hart (1999) “The Corporate Venture Champion: A Resource-Based Approach to Role and Process” Entrepreneruship in Theory and Practice, 23: 103–122.
Guth, W. D. and A. Ginsberg (1990) “Corporate Entrepreneurship” Strategic Management Journal, 11(Summer): 5–15.
Hedberg, B. (1981) “How Organizations Learn and Unlearn” In P. C. Nystrom and W. H. Starbuck (Eds.), Adapting Organizations to Their Environment: Vol. 1, 3–27. New York: Oxford University Press.
Heskett, J. L., T. O. Jones, G. W. Loveman, W. E. Sasser and L. A. Schlesinger (1994) “Putting the Service-Profit Chain to Work” Harvard Business Review, Reprint 94204.
Hornsby, J. S., D. W. Naffziger, D. F. Kuratko and R. V. Montagno (1993) “An Integrative Model of the Corporate Entrepreneurship Proces” Entrepreneruship in Theory and Practice, 17(2): 29–37.
Kahneman, D. (2011) Thinking, Fast and Slow. New York: Farrar, Straus and Giroux.
Kanter, R. M. (1985) “Supporting Innovation and Venture Development in Established Companies” Journal of Business Venturing, 1(1): 47–60.
Lerner, J. and S. Stern (Eds.) (2012) The Rate & Direction of Inventive Activity Revisited. Chicago: The University of Chicago Press.
Lin, Z., G. Picot and J. Compton (2000) “The Entry and Exit Dynamics of Self-Employment in Canada” Small Business Economics, 15(2): 105–125.
List, F. and S. Colwell (1856) National System of Political Economy. Philadelphia: J.B. Lippincott & Co.
Miller, A. and B. Camp (1986) “Exploring Determinants of Success in Corporate Ventures” Journal of Business Venturing, 1(1): 87–105.
Miller, D. (1983) “The Correlates of Entrepreneurship in Three Types of Firms” Management Science, 29(7): 770–791.
Morris, M. H. and D. F. Kuratko (2002) Corporate Entrepreneurship. Orlando Florida: Harcourt College Publishers.
Morris, M. H., D. F. Kuratko and J. G. Covin (2011) Corporate Entrepreneurship and Innovation: Entrepreneurial Development within Organizations. South-Western: Cengage Learning.
Nonaka, I., G. v. Krigh and S. Voelpel (2006) “Organizational Knowledge Creation Theory: Evolutionary Paths and Future Advances” Organization Studies, 27(8): 1179–1208.
O’Reilly, C. A. and M. L. Tushman (2004) “The Ambidextrous Organization” Harvard Business Review, 82(4): 74–83.
Pérez López, J. A. (1991) Teoria de la Acción Humana en las Organizaciones. Madrid: Rialp.
Pinchot, G. (1985) Intrapreneuring: Why You Don’t Have to Leave the Corporation to Become and Entrepreneur. New York: Harper and Row.
Prats, M. J. and M. d. M. De Ros (2013) “Intrapreneurship in Telefonica: Wayra a Company Faster than the Wind E-162-E” IESE Business School. Barcelona.
Prats, M. J. and M. Jordan (2006) “Pentagram: The Craft of Design E-88-E” IESE Business School. Barcelona.
Pra ts, M. J. and R. Agulles (2009) “Beyong Business Instinct” IESE Insight, Vol. Second Quarter: 50–57: IESE Business School.
Rosenbloom, D. and C. M. Christensen (1994) “Technological Discontinuities, Organizational Capabilities, and Strategic Commitments” Industrial and Corporate Change, 3(3): 655–685.
Sathe, V. (2003) Corporate Entrepreneurship. Top Managers and New Business Creation. Cambridge, UK: Cambridge University Press.
Scook, S. and R. Khurana (2004) “Developing ‘Leaders of Character from West Point’” In R. Gandossy and J. Sonnenfeld (Eds.), Leadership and Governance from the Inside Out: 213–233. New York: Wiley.
Schumpeter, J. A. (1934) The Theory of Economic Development. Cambridge, MA: Harvard University Press.
Schumpeter, J. A. (1939) Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process. New York and London: McGraw-Hill.
Senge, P. M. (1990) The Fith Discipline: The Art and Practice of the Learning Organization. New York: Doubleday/Currency.
Sorrentino, M. and M. L. Williams (1995) “Relatedness and Corporate Venturing: Does it Really Matter?” Journal of Business Venturing, 10(1): 59–73.
Steier, L. and R. Greenwood (2000) “Entrepreneurship and the Evolution of Angel Financial Networks” Organization Studies, 21(1): 163–192.
Stevenson, H. H. and J. C. Jarillo (1991) “A New Entrepreneurial Paradigm” In P. R. L. A. Etzioni (Ed.), Socioeconomics: Toward a New Synthesis: 185–208. New York: ME Sharpe, Inc.
Sykes, H. B. (1986) “The Anatomy of a Corporate Venturing Program: Factors Influencing Success” Journal of Business Venturing, 1(3): 275–293.
Thomke, S. H. (2003) Experimentation Matters. Boston: Harvard Business School Press.
Thornhill, S. and R. Amit (2001) “A Dynamic Perspective of Internal fit in Corporate Venturing” Journal of Business Venturing, 16(1): 25–50.
Wolcott, R. C. and J. Lippitz (2010) Growth from Within: Mastering Corporate Entrepreneurship and Innovation. New York: McGraw Hill.
Wolcott, R. C. and M. J. Lippitz (2007) “The Four Models of Corporate Entrepreneurship” MIT Sloan Management Review, 49(1): 75–82.
Zahra, S. A. (1991) “Predictors and Financial Outcomes of Corporate Entre-preneurship: An Exploratoy Study” Journal of Business Venturing, 6(4): 259–285.
Editor information
Editors and Affiliations
Copyright information
© 2015 M. Julia Prats and Susanna Kislenko
About this chapter
Cite this chapter
Prats, M.J., Kislenko, S. (2015). Empowering Growth from Within: Cultivating Conditions for Intrapreneurship to Thrive. In: Canals, J. (eds) Shaping Entrepreneurial Mindsets. The Palgrave Macmillan IESE Business Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9781137516671_4
Download citation
DOI: https://doi.org/10.1057/9781137516671_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-57235-9
Online ISBN: 978-1-137-51667-1
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)