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

Elements of Entrepreneurial Behavior within Organizations

Three main elements of entrepreneurial behavior in an organization, indicated in Figure 2.1, are (1) opportunity identification, (2) opportunity facilitation, and (3) opportunity desire and motivation. Opportunity identification is the awareness of conditions or prerequisites for the organization and individual managers to change and develop something new. Opportunity identification is the catalyst for the entrepreneurial process and involves having unconstrained relationships and networks, being well informed, having access to acquired information, and having the necessary resources to make decisions and achieve desirable outcomes. In an entrepreneurial-driven organization, individuals ...