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

Designing the Corporate Venture

Generally, the design of the new corporate venture is simple. The CEO may in fact perform all the functions of the new venture alone or with one or two others. Regardless of whether one or more individuals are involved in the new venture start-up, as the workload increases, the organizational structure will need to expand to include additional team members with defined roles in the new venture. Effective interviewing and hiring procedures will need to be implemented to ensure that new employees will effectively grow and mature with the new venture as will be discussed in Chapter 10. All the design decisions involving personnel and their roles and responsibilities reflect the formal structure of the organization. ...