Corporate Entrepreneurship: How to Create a Thriving Entrepreneurial Spirit Throughout Your Company

Relatedness and Degree of Corporate Venture Autonomy

Corporate entrepreneurship organizations require systems that emphasize open communication, employee empowerment, and rewarding employees for their performance. Open communication is a way of information sharing and empowerment that is recognized as corporate entrepreneurship. Communication is important for success.

A barrier-free philosophy is also important as barrier-free organizations typically feature fewer layers of management, smaller-scale business units, promote the creation of teams and interdisciplinary work groups, open communications vertically and laterally, and have accountability for results.² For corporate entrepreneurship to occur, managers at all levels within the organization ...