Corporate entrepreneurship and innovation part 1: the missing link

Elspeth McFadzean · Andrew M. O’Loughlin

244 citations0/0 files storedEuropean Journal of Innovation Management

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Entrepreneurship Studies and Influences Business Strategies and Innovation Innovation and Knowledge Management

Abstract

Purpose To examine the literature on corporate entrepreneurship and innovation and to develop a combined definition of these two terms. Moreover, the literature is used to construct a holistic model that seeks to explain the links between corporate entrepreneurial activity and the innovation process. Design/methodology/approach A number of published works on entrepreneurship and innovation are critiqued. The findings from this literature review are used to develop a framework illustrating the relationships between the corporate entrepreneur and the innovation process. Findings The paper presents a combined definition of corporate entrepreneurship and innovation and, from the literature review, concludes that previous models on entrepreneurship and innovation are fragmented because there is little exploration on the relationships and dynamics between these two factors. A framework of corporate entrepreneurship and innovation is constructed by synthesising the information gathered from previous literature. This model shows that there are missing links between the entrepreneur and the innovation process. The paper discusses three factors that may explain both the dynamics and the relationships between the entrepreneur and the innovation process. These are entrepreneurial attitudes, vision and actions. Originality/value This paper fulfils an identified gap in the literature, namely the lack of investigation into the links between the corporate entrepreneur and the innovation process, and suggests three factors that could be used to explain this gap. Part 2 of this paper will present a new holistic model of corporate entrepreneurship and innovation that illustrates the relationships between these two areas in more detail.

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References

1996Clarifying the Entrepreneurial Orientation Construct and Linking It To Performance 1934The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle 1983The Correlates of Entrepreneurship in Three Types of Firms 1997Managing Innovation: Integrating Technological, Market and Organizational Change 1991A Conceptual Model of Entrepreneurship as Firm Behavior 2002A critical look at technological innovation typology and innovativeness terminology: a literature review 2003The Era of Open Innovation 1982Innovation in conservative and entrepreneurial firms: Two models of strategic momentum

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2019Measuring intrapreneurship at the individual level: Development and validation of the Employee Intrapreneurship Scale (EIS)2013Leadership effects on innovation propensity: A two-factor full range leadership model 2011The intrapreneur and innovation in creative firms 2007Developing communities of innovation by identifying innovation champions 2011Differentiating the effects of the institutional environment on corporate entrepreneurship

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