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Supporting Entrepreneurial Behaviour and Innovation in Organizations

Keywords: corporate entrepreneurship , innovation , organizational support , reward system , new ideas

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Abstract:

The paper is focused on existence and support of entrepreneurial behaviour and innovation in larger organizations. It first suggests why it is important to pay attention to entrepreneurship and innovation and then defines corporate entrepreneurship. Typical barriers of entrepreneurial activities are described as well as innovation dilemmas organizations solve. Innovation process is not linear, but six components of innovation behaviour may be identified, together with specific roles employees play when moving the idea forward from idea creation to implementation. Important factors influencing the success of entrepreneurial behaviour are discussed, involving the role of middle managers and reward systems. Recommendations for fostering entrepreneurial behaviour and innovation are provided together with a simple inventory for measuring employee perception of manager's and organizational support for innovation.

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