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Strategic Management: Strategic Managment
Gregory G. Dess, University of Texas at Dallas
G.T. Lumpkin, University of Illinois--Chicago

Effective Strategic Leadership: Fostering Corporate Entrepreneurship and New Venture Creation

Chapter Objectives

Chapter 12

After reading this chapter, you should have a good understanding of:
  • The importance of opportunity recognition in the venture development process.
  • How strategic concepts contribute to the competitive advantages of new ventures and small businesses.
  • The role of product champions and autonomous strategic behaviors in internal corporate venturing.
  • How corporations develop an internal environment that promotes entrepreneurial development.
  • How an entrepreneurial orientation can enhance a firm’s efforts to develop promising new venture initiatives.
  • The pitfalls associated with new venture strategies and corporate entrepreneurship.