when an existing firm creates a new venture or develops an innovation,it is said to be engaging in:acorporate emergence.btransformational leadership.cexceptional r

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14-11-2022
Business

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when an existing firm creates a new venture or develops an innovation,it is said to be engaging in:acorporate emergence.btransformational leadership.cexceptional r

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sapanpandit sapanpandit · Answer 1 · 2022-11-19T10:30:26+01:00

When an existing firm creates a new venture or develops an innovation, it is said to be engaging incorporate entrepreneurship corporate entrepreneurship.

Corporate entrepreneurship empowers established businesses to innovate and take calculated risks. If it is successful, it uses corporate influence to open up new business opportunities. Some people may find the concept of corporate entrepreneurship to be incongruous, but those who are familiar with it realise how its benefits exceed its drawbacks.

Corporate entrepreneurship enables the core firm to gain from innovative concepts and tactics while the team implementing the new endeavour takes advantage of established corporate venture capital, brand recognition, and other resources that are usually inaccessible to startups.

Learn more about corporate entrepreneurship here:

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