Creating Entrepreneurial Culture in a Large Organization
Journal of Advanced Research in Economics and International Business, (Volume I, Winter 2013), Issue 2(2):Pp. 71-96.
36 Pages Posted: 24 Jul 2013 Last revised: 18 Mar 2014
Date Written: July 21, 2013
This paper examines viewpoints about entrepreneurship and underscores its need for business organizations. Some organization models are reminded before discussing why entrepreneurial culture is essential for large organizations. Characteristics of entrepreneurial culture are examined. Present status in large organizations is discussed in terms of the McKinsey 7-S framework. Findings of a field survey have been presented. Practical lessons for creating entrepreneurial culture have been extracted. A new terminology of A-E-I-O-U has been introduced for characteristics of entrepreneurial culture. Two new indicators, namely Creativity Quotient and Enterprise Index, have also been introduced in the context of internal entrepreneurship. However, these concepts remain to be developed into well-defined ideas with operationalisation to facilitate their measurement and planning interventions. It may be noted that the paper has a high practitioner orientation compared to the empirical theory-testing / theory development orientation expected of most journals.
Keywords: Entrepreneurship, Intrapreneurship, Creativity, Innovation, Organization, People, Galbraith Organization Fit Model, Weisbord Six-Box Model, McKinsey 7-S Framework, Hard S, Soft S, Shared Values, Skills, Staff, Style, Strategy, Structure, Systems, Aspiration, Unlearning, A-E-I-O-U, Ownership, Priorit
JEL Classification: J29, L29, M14
Suggested Citation: Suggested Citation