What are the components of the "reward system" as it applies to corporate entrepreneurship?
Answer: The corporate entrepreneur needs to be appropriately rewarded for all the energy, effort, and risk taking expended in the creating of a new venture. Rewards should be based on the attainment of established performance goals. An equity position in the new venture is one of the best rewards for motivating and eliciting the amount of activity and effort needed for success.
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Entrepreneurship Chapter 2
- What is Restoration orientation ?
- What is Loss orientation ?
- Identify The seven leadership characteristics of a corporate entrepreneur.
- What is Proactiveness?
- What is Self-renewal ?
- Organizational innovativeness
- What is New business venturing ?
- What is a dual process of coping with negative emotions?
- Why does the book devote almost a whole page to coping with negativity?
- Why does an entrepreneur need to understand every aspect of their environment?
- According to the textbook, what is entrepreneurial orientation toward opportunity?
- In the Barefoot Wine guest lecture, who was Bob?
- Most Gazelles are seeded by Venture Capital
- What are gazelles (in business not the animal kingdom)?
- How is the decisiveness of entrepreneurs described?
- What are the three most common sources of ideas?
- Why is it so important to pull out from the employer before step 5, Business Plan Creation?
- What is the average half-life of a CEO if their company is sold, acquired, or merged?
- What are the main Characteristics of an Intrapreneurial Manager?
- What is "Intrapreneurship"?
- What is the difference between flat organizations and hierarchical organizations?
- According to our discussion on management styles, how do entrepreneurs minimize risk in the commitment of resources?
- What are the differences in the drivers of strategic orientation between administrators and entrepreneurs?
- Which of the following is most effective in grief-recovery?