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CREATING A CORPORATE ENTREPRENEURSHIP STRATEGY FOR COMPETITIVE ADVANTAGE

Yıl 2016, Cilt: 4 Sayı: 1, 14 - 28, 07.04.2016

Öz


Current competitive environment is rapidly changing. In today’s business environment, organizations are having an increasingly difficult time in creating competitive advantages. The main reason for this is the ease in contemporary business life for organizations to reach the same or very similar resources. Firms need innovation to create and sustain success and effectiveness. In such a highly competitive business life, the importance of creating competitive advantages for organizations based on unique resources is increasing. Corporate entrepreneurship strategy is essential and vital for achieving strategic goals of firms. Thus, organizations can form competitive advantages by taking advantage of their employees’ intrapreneurship skills. A competitive advantage based on corporate entrepreneurship strategy will benefit the organization in a not easy to imitate form. In this study, we discuss corporate entrepreneurship as a key tool of competition. Corporate entrepreneurship, which is becoming ever more important, is aimed to transform into a strategy for fostering competitive advantage. Through the novel model presented, the antecedents, the process, and the consequences of corporate entrepreneurship strategy are highlighted and the impacts of such a strategy on competitive advantage are discussed.

Kaynakça

  • Antoncic, B. & Hisrich, R.D. (2003). Clarifying the intrapreneurship concept. Journal of Small Business and Enterprise Development. Vol. 10. No: 1, pp. 7-24.
  • Antoncic, B. (2007). Intrapreneurship: a comparative structural equation modeling study. Industrial Management and Data System. Vol. 107, No: 3. pp. 309-325.
  • Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management. Vol. 17, No: 1, pp. 99-120.
  • Barney, J.B. (1997). Gaining and Sustaining Competitive Advantage, Addison-Wesley, Reading, MA.
  • Barringer, B. R. & Bluedorn, A. C. (1999). The relationshıp between corporate entrepreneurship and strategic management. Strategic Management Journal, Vol. 20, pp. 421-444.
  • Baruah, B. & Ward, A. (2014). Metamorphosis of intrapreneurship as an effective organizational strategy. International Entrepreneurship Management Journal. Published online: 06 May, 2014.
  • Dogan, Nilhun (2015). The intersection of entrepreneurship and strategic management: strategic entrepreneurship. World Conference on Technology, Innovation, and Entrepreneurship. Procedia, Social and Behavioral Sciences. Vol. 195. Pp. 1288-1294.
  • Goodle, J. C., Kuratko, D. F., Hornsby, J. S. & Covin, J. G. (2011). Operations management and corporate entrepreneurship: The moderating effect of operations control on the antecedents of corporate entrepreneurial activity in relation to innovation performance. Journal of Operations Management. Vol. 29, No:1-2. pp. 116-127.
  • Hitt, M.A., Ireland, R.D., Sirmon, D.G., & Trahms, C.A. (2011). Strategic entrepreneurship: Creating value for individuals, organizations, and society. Academy of Management Perspectives. Pp. 57-75.
  • Ireland, R.D., Hitt, M.A., & Sirmon D.G. (2003). A model of strategic entrepreneurship: the construct and its dimensions. Journal of Management. Vol. 26. No: 6. Pp. 963-989.
  • Ireland, R.D., Kuratko, D.F., & Morris, M.H. (2006). A health audit for corporate entrepreneurship: innovation at all levels: part 1. Journal of Business Strategy. Vol:27. No: 1. Pp.10-17.
  • Ireland, R. D., Covin, J.G., & Kuratko, D.F. (2009). Conceptualizing corporate entrepreneurship strategy. Entrepreneurship Theory and Practice. Pp. 19-46.
  • Ireland, R. D. & Webb, J. W. (2007). Strategic entrepreneurship: Creating competitive advantage through streams of innovation. Business Horizons. Vol: 50. No: 1. Pp. 49-59.
  • Kelley, D. (2011). Sustainable corporate entrepreneurship: Evolving and connecting with the organization. Business Horizons. Vol. 54, pp. 73-83.
  • Kuratko, D.F. (2014). Introduction to Entrepreneurship, 9th Edition. South-Western, Cengage Learning. Canada.
  • Kuratko, D.F., Hornsby, J.S. & Covin, J.G. (2014). Diagnosing a firm’s internal environment for corporate entrepreneurship. Business Horizons. Vol. 57, pp. 37-47.
  • Kuratko, D.F. & Morris, M.H. (2015). Corporate Entrepreneurship: The dynamic strategy for 21st century organizations. Issues in Entrepreneruship. Vol. 14. Pp.21-46.
  • Lloret, Antonio (2016). Modeling corporate sustainability strategy. Journal of Business Research. Vol. 69. Pp. 418-425.
  • Luke, B., Kerais, K. & Verreynne, M. L. (2011). Developing a conceptual framework of strategic entrepreneurship. International Journal of Entrepreneurial Behavior & Research. Vol. 17, No: 3, pp. 314-337.
  • Ma, H. (1999). Creation and preemption for competitive advantage. Management Decision. Vol. 37, No: 3, pp. 259-267.
  • Miles, M.P., Munilla, L.S. & Darroch, J. (2009). Sustainable corporate entrepreneurship. International Entrepreneurship Management Journal. Vol.5, pp. 65-76.
  • Morris, M.H., Kuratko, D.F. & Covin, J.G. (2008). Corporate Entrepreneurship & Innovation. Thomson-South Western, USA.
  • Nicolaidis, C.S. & Kosta, G.C. (2011). Intrapreneurship as a unique competitive advantage. World Academy of Science, Engineering, and Technology. Vol. 5, pp.665-669.
  • Parker, S. C. (2011). Intrapreneurship or entrepreneurship? Journal of Business Venturing. Vol. 26, pp. 19–34.
  • Phan, P.H., Wright, M., Ucbasaran, D. & Tan, W.L. (2009). Corporate entrepreneurship: current research and future directions. Journal of Business Venturing. Vol. 24. Pp. 197-205.
  • Porter, M.E. (1980). Competitive Strategy, Free Press, New-York, NY.
  • Schumpeter, J.A. (1961), The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Oxford University Press, New York, NY.
  • Thompson, J. L. (1999). A strategic perspective of entrepreneurship. International Journal of Entrepreneurial Behavior & Research. Vol. 5, No. 6, pp. 279-296.
  • Villiers-Scheepers, M.J. (2012). Antecedents of strategic corporate entrepreneurship. European Business Review. Vol. 24. No: 5. Pp. 400-424.

CREATING A CORPORATE ENTREPRENEURSHIP STRATEGY FOR COMPETITIVE ADVANTAGE

Yıl 2016, Cilt: 4 Sayı: 1, 14 - 28, 07.04.2016

Öz


Current competitive environment is rapidly changing. In today’s business environment, organizations are having an increasingly difficult time in creating competitive advantages. The main reason for this is the ease in contemporary business life for organizations to reach the same or very similar resources. Firms need innovation to create and sustain success and effectiveness. In such a highly competitive business life, the importance of creating competitive advantages for organizations based on unique resources is increasing. Corporate entrepreneurship strategy is essential and vital for achieving strategic goals of firms. Thus, organizations can form competitive advantages by taking advantage of their employees’ intrapreneurship skills. A competitive advantage based on corporate entrepreneurship strategy will benefit the organization in a not easy to imitate form. In this study, we discuss corporate entrepreneurship as a key tool of competition. Corporate entrepreneurship, which is becoming ever more important, is aimed to transform into a strategy for fostering competitive advantage. Through the novel model presented, the antecedents, the process, and the consequences of corporate entrepreneurship strategy are highlighted and the impacts of such a strategy on competitive advantage are discussed.


Kaynakça

  • Antoncic, B. & Hisrich, R.D. (2003). Clarifying the intrapreneurship concept. Journal of Small Business and Enterprise Development. Vol. 10. No: 1, pp. 7-24.
  • Antoncic, B. (2007). Intrapreneurship: a comparative structural equation modeling study. Industrial Management and Data System. Vol. 107, No: 3. pp. 309-325.
  • Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management. Vol. 17, No: 1, pp. 99-120.
  • Barney, J.B. (1997). Gaining and Sustaining Competitive Advantage, Addison-Wesley, Reading, MA.
  • Barringer, B. R. & Bluedorn, A. C. (1999). The relationshıp between corporate entrepreneurship and strategic management. Strategic Management Journal, Vol. 20, pp. 421-444.
  • Baruah, B. & Ward, A. (2014). Metamorphosis of intrapreneurship as an effective organizational strategy. International Entrepreneurship Management Journal. Published online: 06 May, 2014.
  • Dogan, Nilhun (2015). The intersection of entrepreneurship and strategic management: strategic entrepreneurship. World Conference on Technology, Innovation, and Entrepreneurship. Procedia, Social and Behavioral Sciences. Vol. 195. Pp. 1288-1294.
  • Goodle, J. C., Kuratko, D. F., Hornsby, J. S. & Covin, J. G. (2011). Operations management and corporate entrepreneurship: The moderating effect of operations control on the antecedents of corporate entrepreneurial activity in relation to innovation performance. Journal of Operations Management. Vol. 29, No:1-2. pp. 116-127.
  • Hitt, M.A., Ireland, R.D., Sirmon, D.G., & Trahms, C.A. (2011). Strategic entrepreneurship: Creating value for individuals, organizations, and society. Academy of Management Perspectives. Pp. 57-75.
  • Ireland, R.D., Hitt, M.A., & Sirmon D.G. (2003). A model of strategic entrepreneurship: the construct and its dimensions. Journal of Management. Vol. 26. No: 6. Pp. 963-989.
  • Ireland, R.D., Kuratko, D.F., & Morris, M.H. (2006). A health audit for corporate entrepreneurship: innovation at all levels: part 1. Journal of Business Strategy. Vol:27. No: 1. Pp.10-17.
  • Ireland, R. D., Covin, J.G., & Kuratko, D.F. (2009). Conceptualizing corporate entrepreneurship strategy. Entrepreneurship Theory and Practice. Pp. 19-46.
  • Ireland, R. D. & Webb, J. W. (2007). Strategic entrepreneurship: Creating competitive advantage through streams of innovation. Business Horizons. Vol: 50. No: 1. Pp. 49-59.
  • Kelley, D. (2011). Sustainable corporate entrepreneurship: Evolving and connecting with the organization. Business Horizons. Vol. 54, pp. 73-83.
  • Kuratko, D.F. (2014). Introduction to Entrepreneurship, 9th Edition. South-Western, Cengage Learning. Canada.
  • Kuratko, D.F., Hornsby, J.S. & Covin, J.G. (2014). Diagnosing a firm’s internal environment for corporate entrepreneurship. Business Horizons. Vol. 57, pp. 37-47.
  • Kuratko, D.F. & Morris, M.H. (2015). Corporate Entrepreneurship: The dynamic strategy for 21st century organizations. Issues in Entrepreneruship. Vol. 14. Pp.21-46.
  • Lloret, Antonio (2016). Modeling corporate sustainability strategy. Journal of Business Research. Vol. 69. Pp. 418-425.
  • Luke, B., Kerais, K. & Verreynne, M. L. (2011). Developing a conceptual framework of strategic entrepreneurship. International Journal of Entrepreneurial Behavior & Research. Vol. 17, No: 3, pp. 314-337.
  • Ma, H. (1999). Creation and preemption for competitive advantage. Management Decision. Vol. 37, No: 3, pp. 259-267.
  • Miles, M.P., Munilla, L.S. & Darroch, J. (2009). Sustainable corporate entrepreneurship. International Entrepreneurship Management Journal. Vol.5, pp. 65-76.
  • Morris, M.H., Kuratko, D.F. & Covin, J.G. (2008). Corporate Entrepreneurship & Innovation. Thomson-South Western, USA.
  • Nicolaidis, C.S. & Kosta, G.C. (2011). Intrapreneurship as a unique competitive advantage. World Academy of Science, Engineering, and Technology. Vol. 5, pp.665-669.
  • Parker, S. C. (2011). Intrapreneurship or entrepreneurship? Journal of Business Venturing. Vol. 26, pp. 19–34.
  • Phan, P.H., Wright, M., Ucbasaran, D. & Tan, W.L. (2009). Corporate entrepreneurship: current research and future directions. Journal of Business Venturing. Vol. 24. Pp. 197-205.
  • Porter, M.E. (1980). Competitive Strategy, Free Press, New-York, NY.
  • Schumpeter, J.A. (1961), The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Oxford University Press, New York, NY.
  • Thompson, J. L. (1999). A strategic perspective of entrepreneurship. International Journal of Entrepreneurial Behavior & Research. Vol. 5, No. 6, pp. 279-296.
  • Villiers-Scheepers, M.J. (2012). Antecedents of strategic corporate entrepreneurship. European Business Review. Vol. 24. No: 5. Pp. 400-424.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Bölüm MAKALELER
Yazarlar

Didem Enginoğlu

Cenk Laçin Arıkan Bu kişi benim

Yayımlanma Tarihi 7 Nisan 2016
Gönderilme Tarihi 24 Mart 2017
Yayımlandığı Sayı Yıl 2016 Cilt: 4 Sayı: 1

Kaynak Göster

APA Enginoğlu, D., & Arıkan, C. L. (2016). CREATING A CORPORATE ENTREPRENEURSHIP STRATEGY FOR COMPETITIVE ADVANTAGE. International Review of Economics and Management, 4(1), 14-28.