ENTR: Chapter 3 key terms

bootlegging

Secretly working on new ideas on company time as well as on personal time.

champion

Within the context of corporate entrepreneurship, a person with an innovative vision and the ability to share it.

collective entrepreneurship

Individual skills integrated into a group wherein the collective capacity to innovate becomes something greater than the sum of its parts.

corporate entrepreneurship

A new "corporate revolution" taking place due to the infusion of entrepreneurial thinking into bureaucratic structures.

Corporate Entrepreneurship Assessment Instrument (CEAI)

A questionnaire designed to measure the key entrepreneurial climate factors.

corporate venturing

The adding of new businesses or portions of new businesses via equity investments to the corporation, accomplished through internal, cooperative, or external corporate venturing.

incremental innovation

The systematic evolution of a product or service into newer or larger markets.

innovation team (I-Team)

An internal corporate team formulated for the purpose of creating new innovations for the organization.

interactive learning

Learning ideas within an innovative environment that cut across traditional, functional lines in the organization.

intracapital

Special capital set aside for the corporate entrepreneur to use whenever investment money is needed for further research ideas.

intrapreneurship

Entrepreneurial activities that receive organizational sanction and resource commitments for the purpose of innovative results within an established corporation.

radical innovation

Inaugural breakthroughs launched from experimentation and determined vision that are not necessarily managed but must be recognized and nurtured.

Skunk Works

A highly innovative enterprise that uses groups functioning outside traditional lines of authority.

strategic entrepreneurship

The exhibition of large-scale or otherwise highly consequential innovations adopted in the firm's pursuit of competitive advantage, which can involve strategy, products, markets, internal organization, or business model.

top management support

When upper level managers in a corporation concentrate on helping individuals within the system develop more entrepreneurial behavior.