Intrapreneurship and Organizational Knowledge in the Corporate Environment: A Theoretical Perspective
17 Pages Posted: 3 Feb 2013
Date Written: February 2, 2013
Intrapreneurship is closely related to corporate entrepreneurship which is the creation of new products within the large organization using existing employees.Intrapreneurship is often associated with larger companies that have taken notice of the rise in entrepreneurial activity in recent years; these firms endeavor to create an environment wherein creative employees can pursue new ways of doing things and new product ideas within the context of the corporation. When group knowledge from several subunits or groups is combined and used to create new knowledge, the resulting tacit and explicit knowledge can be called organizational knowledge. Since “organizational learning is seen as encoding inferences from history into routines that guide behavior,” (Schulz 2001) it could be said that organizational knowledge is the product of those routines. In fact, small businesses, which originate as entrepreneurial ventures, are often ideally suited to foster an intrapreneurial environment, since their owners have first-hand knowledge of the opportunities and perils that accompany new business initiatives. However, the challenges today are quite different than previously. The emergence of knowledge-based organizations and increased importance of knowledge as the key to competitive advantage poses new and interesting challenges for managers and researcher alike. In this paper we will attempt to enlighten the understanding of intrapreneurship based on the organizational knowledge as a resource towards organization.
Keywords: Intrapreneurship, Organizational Knowledge, Entrapreneurship, Knowledge Based Organizations
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