Culture of Entrepreneurship

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Culture of Entrepreneurship

Developing a culture of entrepreneurship within an organization can be a very important factor with the potential growth in an organization. There are many factors that can be accomplished by having a state of the art internal entrepreneur system established. One is obviously the development of new ideas. The new ideas that come along can be a turning point for the whole organization. If there is one good idea it could set the company apart from the competition drastically. As long as you constantly have new ideas coming in, and capitalize on the good ones; the company can stay on top for a very long time. This also brings about another good point of ideas within the company. The more ideas that a company has coming in among employees creates competition among those employees and in return spark better ideas in the long run. This new idea of internal entrepreneurship has coined the term intrapreneur. An intrapreneur is defined as "a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation" (Nan Hawthorne, Intrapreneur, http://www.esightcareers.net/View.cfm?x=934).
So why exactly besides the points illustrated above do we need more entrepreneurship within a large corporation? From the stand point of a large corporation it is very difficult for the managers to properly see...

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