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

Need for Financing

Innovative ideas and concepts require financing at various stages of development, and internal financing in an organization requires financial justification and returns of some sort, whether these are monetary or nonmonetary. The expected returns can take the form of profitability, turnover, sales, volume increases, cost reductions, employment, evaluation, line extensions, or some other benefit. Boards of directors (advisors), presidents, vice presidents, and intracapital investment committees invest money in a corporate entrepreneurial venture only if there is evidence that the potential for a return on the investment is equal to or greater than returns on alternative investment opportunities. In any organization, funds are ...