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Intrapreneurship as a Driver of Business Innovation

Author

Listed:
  • Vijay Vivek

    (G.R. Damodaran Academy of Management (India))

  • Kumar Chandrasekhar

    (Alagappa University (India))

Abstract

The need for constant renewal with new capabilities and valuable assets in an increasingly complex context represents an extraordinary challenge for companies. One of the most relevant sources is hidden internal resources in the form of the entrepreneurial initiatives of personnel - intrapreneurship. Interest in this new type of entrepreneurship has been growing steadily over the last decade. This article contributes to the understanding of the factors influencing its development using the example of manufacturing enterprises in the most developed states of India. The role of key prerequisites such as individual entrepreneurial ability and acquired competencies (strategic thinking and proactive behavior) as well as the art of cultivating a unique innovation-friendly climate is revealed. The author’s findings strengthen the case for new formats of economic development in addition to classical entrepreneurship. These findings may be useful for decision-makers deciding how to renew and build competitive advantage in a dynamic business environment.

Suggested Citation

  • Vijay Vivek & Kumar Chandrasekhar, 2024. "Intrapreneurship as a Driver of Business Innovation," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 18(2), pages 97-105.
    • Handle: RePEc:hig:fsight:v:18:y:2024:i:2:p:97-105
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    File URL: https://foresight-journal.hse.ru/article/view/21919
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    More about this item

    Keywords

    new strategies; entrepreneurship; business; intrapreneurship; working climate; innovation; development of entrepreneurship; new opportunities; realization of potential; transformations;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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