ORGANIZATIONAL CULTURE AND CORPORATE ENTREPRENEURSHIP

Autor: SVETISLAV PAUNOVIC, IOAN CONSTANTIN DIMA
Jazyk: angličtina
Rok vydání: 2014
Předmět:
Zdroj: Annals of the University of Petrosani: Economics, Vol XIV, Iss 1, Pp 269-276 (2014)
Druh dokumentu: article
ISSN: 1582-5949
2247-8620
Popis: Keeping and increasing competitive advantages in a relatively longer period of time has become very difficult and challenging for businesses. In order to survive in a very turbulent business environment, large organizations are under the pressure of constant changes while struggling to overcome what has been done in the near past. The business strategies that are based on passive adaptation to changes increasingly give way to the innovation-based proactive strategies, which means the implementation of different forms of corporate entrepreneurship. Corporate entrepreneurship has become necessary precondition for sustainable business development. One of the key elements of corporate entrepreneurship model relates to the creation of an adequate organizational culture that includes referent values of entrepreneurial culture as well as motivational factors that support effective implementation of these values in the corporate environment and foster entrepreneurship to grow and flourish.
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