BUS 478 Chapter Notes - Chapter 13: Tacit Knowledge, Critical Role, Achievement Orientation

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 478
• Professor: Da Silva Rui Jorge Basto

Document Summary

Strategic entrepreneurship is the taking of entrepreneurial actions using a strategic perspective. In this process, the firm tries to find opportunities that it can exploit through innovations. Identifying opportunities to exploit through innovations is the entrepreneurship dimension of strategic entrepreneurship. Determining the best way to competitively manage the firm"s innovation efforts is the strategic dimension. Corporate entrepreneurship is the use of application of entrepreneurship within an established firm: 13-1 entrepreneurship and entreprenurial opportunities (page 401) Entrepreneurship is the process by which individuals, teams, or organizations identify and pursue entrepreneurial opportunities without being immediately constrained by the resources they currently control. Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market. These opportunities exist because of competitive imperfections in markets and among the factors of production used to produce them or because they were independently developed by entrepreneurs.