How entrepeneurship takes different forms - Strategic entrepeneurship: innovating in pursuit of competitive advantage

4 important questions on How entrepeneurship takes different forms - Strategic entrepeneurship: innovating in pursuit of competitive advantage

Describe strategic renewal

the firm seeks to redefine its relationship with its markets or industry competitors by fundamentally altering how it competes

Describe domain redefination

the firm proactively creates a new product-market arena that others have not recognized or actively sought to exploit

Describe organizational rejuvenation

the firms seeks to sustain or improve its competitive standing by altering its internal processes, structures and or capabilities
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Describe business model reconstruction

the firm applies entrepeneurial thinking to the design or redesign of its core business model to improve operational efficiency

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