Abstract
Corporate entrepreneurship is defined as entrepreneurs within the organization, thus corporate entrepreneurs play an imperative role in the growth of organizations. A booming trend in researching the concept of corporate entrepreneurship stimulated the performance of the business lexicon during the past two to three decades. This research focused on the exploration of influencing factors for the development of corporate entrepreneurs in large organizations in the context of Sri Lankan. The study focused on a qualitative approach and conducted in-depth interviews in order to explore first-hand contemporary knowledge in relation to their businesses. Corporate entrepreneurs are identified as the driving arms with business knowledge of the organizations and initiate required implementation aligned to the prevailing market trends. Hence influencing factors imperatively contribute to the development of corporate entrepreneurship in the process of decision making, creativity, innovation and strategic renewal. The study revealed answers to the question of how corporate entrepreneurship develop within the organization and how that effect on organizational growth. The study conducted in-depth interviews selecting ten most prominent corporate entrepreneurs in the large scale industries of the context using purposive sampling and analyzed the transcripts followed to narrative inquiry associating the software NVivo 12. The literature enabled to converge the findings into three areas of individual, organizational and environmental. Derived important themes related to the study scope and context that would enable to enhance to practice as the betterment of the relevant industry.
Highlights
The concept "corporate entrepreneurship" makes a vital role in the business environment in presence of highly competitive market ; it has become a wide research topic in the academic environment
Large organizations are equipped with these concepts "corporate entrepreneurship" and smaller and mediums scale organizing focused to the concept of "intrapreneurship"
Each influencing factors that have contributed in the development of corporate entrepreneurship are crucial for the organizational development
Summary
The concept "corporate entrepreneurship" makes a vital role in the business environment in presence of highly competitive market ; it has become a wide research topic in the academic environment. The literature evidenced a booming trend on researching the concept of corporate entrepreneurship in the growth of an organization. Corporate entrepreneurs are not entrepreneurs in the proper sense of notation, they are specialists with exceptional training and ability to use the knowledge accumulated for innovations or transforms the organization into success (Antoncic & Hisrich, 2003). Corporate entrepreneurs manage large scale organizations having employees with vast knowledge and experience towards to achieve and satisfy shareholders objectives without the ownership of the company (Carrier, 1994). Corporate entrepreneurs are with the skill of developing, manage and carry forward the business as expected by the shareholders. Critical assessment on influences of corporate entrepreneurs and organizational development has become important as a contemporary requirement to the business world
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