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

Survival Guidelines for Corporate Entrepreneurs

Here are some guidelines that have been followed by successful corporate entrepreneurs:

 

• Only pursue ideas where the potential reward justifies the potential risk.

• Request feedback at each stage of development.

• Identify an executive champion and other key alliances.

• Become your most objective and rigorous critic.

• Recognize your core competencies and utilize them to compensate for potential weaknesses.

• Avoid unnecessary publicity from the internal organization and the external media.

• Recognize and adapt to the life cycle stage of the corporate entrepreneurial venture.

• Ensure that new venture policies and procedures are developed and supported by the CEO.

• Lead by example, providing ...