Selecting a Corporate Entrepreneur and a Team

The single most important factor in determining the success of a corporate entrepreneurial activity is having a leader and a team with the ability and passion to transform ideas into reality. While selecting and retaining the right talent can be difficult, with the right incentives, this can be accomplished. Jack Welch, former CEO of General Electric (GE), spent the last years of his tenure developing policies and practices that would enable GE to recruit, select, and retain entrepreneurial individuals and develop the entrepreneurial potential needed among existing employees. Since usually no single individual possesses the wide variety of skills necessary to develop a corporate venture, the composition ...

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