Chapter 13
Strategic Entrepreneurship
Learning Objectives
Studying this chapter should provide you with
the strategic management knowledge needed to:
1. Define strategic entrepreneurship and corporate entrepreneurship.
2. Define entrepreneurship and entrepreneurial opportunities and
explain their importance.
3. Define invention, innovation, and imitation, and describe the
relationship among them.
4. Describe entrepreneurs and the entrepreneurial mind-set.
5. Explain international entrepreneurship and its importance.
6. Describe how firms internally develop innovations.
7. Explain how firms use cooperative strategies to innovate.
8. Describe how firms use acquisitions as a means of innovation.
9. Explain how strategic entrepreneurship helps firms create value.
Strategic Entrepreneurship
•Strategic Entrepreneurship
Entrepreneurship and
Entrepreneurial Opportunities
Entrepreneurial Opportunities
•Entrepreneurial Opportunities
The Innovation Process
a new product or process
•Brings something new into being
•Technical criteria are used to
determine the success of an
invention
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The Innovation Process (cont’d)
•Is often the source of competitive
success
•Commercial criteria are used to
determine the success of an innovation
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The Innovation Process (cont’d)
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•The adoption of an innovation
Entrepreneurs
•Entrepreneurs
International Entrepreneurship
•Entrepreneurship can:
International Entrepreneurship (cont’d)
Incremental and Novel Innovation
•Incremental Innovation:
•Novel Innovation:
Internal Corporate Venturing
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Internal Corporate Venturing