Entrepreneurship Inside Your Organization:
Key Practices for Building Stronger Entrepreneurial Organizations
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Most of today’s organizations were built through entrepreneurship but ironically are not built for entrepreneurship.
New research conducted by Babson College and the Business Innovation Factory reveals that, contrary to popular opinion, the experiences of starting a new venture and “entrepreneurship inside organizations” are not that different. But while we’re supportive of entrepreneurial behavior in the world of start-ups, we haven’t successfully leveraged that behavior inside organizations.
Current definitions of entrepreneurship are fostered by rhetoric about entrepreneurs who are born, not made; geniuses with the brilliant idea working alone in the garage; stars achieving fame and unimaginable fortune overnight. Likewise, most attention to the idea of “corporate entrepreneurship” has paid homage to innovation units or skunk works that glamourizes extreme innovators.
This video presentation covers the following topics:
- Learning to think and act entrepreneurially in various contexts
- Leveraging ways Entrepreneurs Inside can change organizational behavior from within
- Tapping Entrepreneurs Inside to create something new—a new idea, a new thing, a new institution, a new market, or a new set of possibilities;
- Balancing thinking and acting entrepreneurially with an organization’s need for process and efficiency
- Developing ecosystems inside organizations to promote entrepreneurial activity, thus making entrepreneurship a mainstream rather than sequestered activity
About the Presenters
Heidi M. Neck is the Jeffry A. Timmons Professor of Entrepreneurial Studies at Babson College. As Faculty Director of the Babson Symposia for Entrepreneurship Educators (SEE), she passionately works to improve the pedagogy of entrepreneurship education because new venture creation is the engine of society. In addition to entrepreneurship education Professor Neck’s research interests include social entrepreneurship, corporate entrepreneurship, and creativity. She has published numerous book chapters, research monographs, and refereed articles in such journals as Journal of Small Business Management, Entrepreneurship Theory & Practice, and International Journal of Entrepreneurship Education.
Leonard A. Schlesinger became the 12th president of Babson College on July 1, 2008--bringing to the College a blend of leadership experience in academia and industry, particularly in the retail and service sectors. He came to Babson from Limited Brands, where he served in executive positions from 1999–2007, most recently as Vice Chairman and Chief Operating Officer. From 1985–1988, he was Executive Vice President and Chief Operating Officer at Au Bon Pain. His academic career includes twenty years at Harvard Business School where he served as the George Fisher Baker Jr. Professor of Business Administration, leading MBA and executive education programs.