ENTREPRENEURIAL ORGANIZATIONS: WHAT THEY ARE, WHY THEY ARE IMPORTANT AND HOW TO BECOME ONE

Neil C. Churchill, Alice J. de Koning and Daniel F. Muzyka
Additional contact information
Neil C. Churchill: INSEAD, 77305 Fontainebleau, France
Alice J. de Koning: INSEAD, 77305 Fontainebleau, France
Daniel F. Muzyka: INSEAD, 77305 Fontainebleau, France

Journal of Enterprising Culture (JEC), 1997, vol. 05, issue 02, 115-135

Abstract: Most enterprises in the developed, and developing world, are facing frequent, irregular and significant changes in their environment, which shorten the life span of both present products and future opportunities and increase the unpredictability of their nature. The enterprises which seem best able to deal with these changes are those that focus on opportunity recognition and capture. In other words, those that engage in the entrepreneurial process. This paper is based on an ongoing research study into entrepreneurial companies in America and Europe of different sizes and in different stages of development, from small (Martin Aviation, Controlonics, and D. L. Martin) to medium size (Mettler-Toledo and MHZ) and large (Johnson and Johnson, 3M, Rhone-Poulenc, and DEC). In this research we have observed common patterns of opportunity, focus and capture at all levels of the organization as well as the mechanisms which are needed to maintain direction and control of the organization as the company increases in scale and diversity in order to harvest broader and increased amounts of value. This paper describes both these characteristics and what is needed to transform a more traditional organization into an entrepreneurial one.

Date: 1997
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0218495897000089
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:jecxxx:v:05:y:1997:i:02:n:s0218495897000089

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0218495897000089

Access Statistics for this article

Journal of Enterprising Culture (JEC) is currently edited by Teck-Meng Tan

More articles in Journal of Enterprising Culture (JEC) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().