Structuring the company for entrepeneurship - Entrepeneurial projects: structures within structures

5 important questions on Structuring the company for entrepeneurship - Entrepeneurial projects: structures within structures

Describe three internal channels of structural mechanisms that are labelled at the entrepeneurial project development framework?

ray of light
emerging potential
mainstream potential

Describe the ray of light projects

they are bootstrapped, meaning resources are obtained in clever, creative and informal ways. an employee has an idea and is encouraged to pursue it

Describe emerging potential projects

they involve concepts that are bro.ught to some type of review committee, which we shall call the oppurtinities review board. if approved the emerging potential project becomes a mainstream development project
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Describe mainstream development projects

they are where new product, service and process efforts that have been priortized by senior management are developed

What are the benefits of having three mechanisms for generating innovation?

more innovation is likely to occur
innovation is clearly being defined as a corporate wide task
the likelihood of inter functional involvement and coordination is much greater
employees are more likely to take responibility for innovation
more flexible and speed in the innovation process

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