Corporations need to re-strategies their business to the market demand and remain competitive. Corporate entrepreneurship contributes to the competitive advantage provided it is planned and implemented effectively. Past studies have shown that corporations with dynamic corporate entrepreneurship initiatives can ensure the security and growth of the firm’s enterprise value and remain competitive.
The assumption is made that you are now appointed to lead a team to champion internal corporate entrepreneurship (ICE) for your company. Your first aim is to critically evaluate your company’s core business structure. Next, your team is required to focus on various steps and processes to create a new business involving innovation and internal corporate venturing.
Your team needs to exploit opportunities for a new form of business that is different from your current core business. In ICE activities, your team is allowed to leverage the current business activities, such as logistics, market position, channels. assets, machines and equipment, human capital and capabilities, and other resources.
The term innovation is not necessarily restricted to product innovation and development. You and your team must review a wider perspective on innovation and it can be related to services, channels, processes, brands, and others. Note: you are not allowed to create an app for this assignment. Apps are normally used as supporting tools for businesses. For example, the core business of Alipay is finance and the apps are used as supporting tools.
Business Economics Assignment 3: Case Study Analysis on Price Controls in Pharma and Monopoly Power in Airline Industry
Read MoreCSC408 MIS Case Study Assignment Report: Analysis of Issues and Solutions in Information Systems
Read MoreScientific Research Review Assignment 4: Advancements and Ethical Practices in Your Study Area Literature Synthesis
Read MoreOrganizational Development Assignment: Tech Solutions Inc. Case Study on Engagement, Retention, and Inclusive Culture
Read MoreHPGD3103 Instructional Technology Assignment: ASSURE Model-Based Lesson Design in Google Classroom
Read MoreAI Deepfake Cybersecurity Assignment: Evaluating Security Risks and Detection Techniques for Safe Digital Environments
Read MoreMGT4216E Strategic Innovation Management Assignment: Exploring Innovation Capabilities, Strategy Stages, and Leadership for Business Transformation
Read MoreEmployee Engagement & HR Strategy Assignment: Case Analysis of Tech Solutions Inc. on Turnover, D&I, Performance, and Work-Life Balance
Read MoreHigher Education Reform Assignment: Curriculum Development Strategies for a Future-Ready Malaysia
Read MoreCross-Cultural Management Assignment Report: Importance, Challenges & Strategies in Global Teams
Read More