A question that many executives ask me; “Is corporate entrepreneurship just the latest management fad.” Fad or no fad the real question is why now!
1) Inadequate Growth: The current reality is that most organizations have spent the last decade investing in existing or mature products that are not providing adequate growth.
2) Failure Rate: The failure rate for new business initiatives remains high for new products and services, more than ninety percent for transformational efforts.
3) Lack of Capabilities: A majority of CEOs do not feel like they have the skills or capabilities inside their organization to achieve their growth agenda, they are probably right.
4) Few Role Models: Only four percent of executives in large organizations are entrepreneurs or entrepreneurial, most executives have achieved their success by managing the core business not building new ones. Read More