corporate entrepreneurship - ?· management support for risk-taking are key factors to success in...

Download Corporate Entrepreneurship - ?· management support for risk-taking are key factors to success in ...…

Post on 07-Jul-2018

224 views

Category:

Documents

9 download

Embed Size (px)

TRANSCRIPT

  • Corporate Entrepreneurship

    Business Review

    AN INSIGHT INTO ORGANIZATIONAL

    STRUCTURES AND BEHAVIORS

    THAT ENCOURAGE ENTREPRENEURIAL

    CULTURE

    Analyzing & Showcasing the Thoughts of Tomorrows Business Leaders

    2004

  • EMBR04ESADE MBA BUSINESS REVIEW

    ESADE MBA BUSINESS REVIEW

    32

    4 WELCOME LETTER

    6 WELCOME TO THE SECOND EDITION OF THE ESADE MBA BUSINESS REVIEW

    01. CORPORATE ENTREPRENEURSHIP How are tomorrows business leaders i.e. todays

    MBAs thinking? 10 EDITORIAL By Eugenia Bieto

    12 STRATEGIC HARMONY By Eugenia Bieto, Pedro Parada y Marcel Planellas

    02. SHOWCASING THEIR THOUGHTS ON CORPORATE ENTREPRENEURSHIP WITH AN INSIGHT INTO THE ORGANIZATIONAL STRUCTURES AND BEHAVIORS THAT ENCOURAGE AN INTERNAL ENTREPRENEURIAL CULTURE

    BEST ENTRY OF THE YEAR16 JOSEPH L. ROTMAN SCHOOL OF MANAGEMENT

    UNIVERSITY OF TORONTO The Age of Entrepreneurial Turbulence: Creating

    Sustainable Advantage for Individuals, Organizations, and Societies in the New Century

    By Elizabeth W. McBeth, Tomislav Rimac

    24 INDIAN INSTITUTE OF MANAGEMENT, BANGALORE The 4E Model: Designing an incentive system for

    internal ventures By Viswanathan RJ, Gowri Shankar Nagarajan

    32 MCGILL UNIVERSITY, FACULTY OF MANAGEMENT, CANADA

    Innovative Tension for Present and Future Success: Encouraging Corporate Entrepreneurship in the Modern Organization

    By Dave Purewal, Russell Seidle

    PLEASE NOTE THE 7 ENTRIES BELOW ARE NOT RANKED AND ARE AMONGST THE TOP 10 ENTRIES RECEIVED. THEY ARE ARRANGED IN ALPHABETICAL ORDER.

    40 GRADUATE SCHOOL OF BUSINESS, UNIVERSITY OF CAPE TOWN

    Turning managers into leaders: A South African perspective on corporate entrepreneurship

    By Sharon Nicholson-Herbert, Sne Mkhize, Anwynne Schroder

  • EMBR04ESADE MBA BUSINESS REVIEW

    ESADE MBA BUSINESS REVIEW

    3

    46 HONG KONG UNIVERSITY OF SCIENCE & TECHNOLOGY

    The Internal Growth Engine: New Strategies for Promoting and Exploiting Corporate Entrepreneurship

    By Boisset Guillaume, Liu Bing, Luo Chi

    52 INDIAN INSTITUTE OF MANAGEMENT, AHMEDABAD Fostering corporate entrepreneurship : Exploring

    four enabling structural forms and aligning Human Resource Management Processes

    By Gurunathan L, Sandeep Krishnan, Vijay Pasupathy

    58 INDIAN INSTITUTE OF MANAGEMENT, BANGALORE Organizational condiitons and processes By Paritosh Srivastava Deepak Singla Madhur Chaturvedi

    66 MARSHALL SCHOOL OF BUSINESS, UNIVERSITY OF SOUTHERN CALIFORNIA

    Beyond Two Guys In A Garage By Anne Gaw, Steve Liu

    70 SDA BOCCONI Corporate Entrepreneurship Christos Kontos, Philippe leuenberger, Gabriele Allegri

    78 WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA Corporate Venture Capital and a Network of Alliances

    with Venture Capital firms as a source of radical innovations

    By Natalie Kulik, Patrice Molinari

    03. PARTICIPANTS, ABOUT ESADE BUSINESS SCHOOL , ESADE MBA AND THE TEAM

    86 PARTICIPANTS OF THE ESADE MBA BUSINESS REVIEW 2004

    List of all the 42 Business Schools whose students participated

    88 ABOUT ESADE BUSINESS SCHOOL A glimpse into one of Europes finest Business

    Schools

    89 ABOUT ESADE MBA

    90 TEAM OF THE ESADE MBA BUSINESS REVIEWFind out about the 6 MBA students behind this project

    CO

    NTE

    NTS

  • ESADE MBA BUSINESS REVIEW

    54

  • ESADE MBA BUSINESS REVIEW

    5

    It gives us great pleasure to welcome you to the second edition of the annual ESADE MBA Business Review (EMBR).

    EMBR has been recognised by Business Week (October 18, 2004) as the first-ever journal that pub-lishes [MBA] student research from around the world. Three distinguishing characteristics make this publication unique: its innovative nature, its global reach and the fact that it is thoroughly promoted and led by a group of enthusiastic ESADE MBA students.

    At ESADE we try to nurture innovation and entrepreneurship, and the EMBR is a great reflection of these values. Two years ago, when we held our Christmas party, an enterprising 1st Year student from India came up to us and spoke passionately about an innovative idea he was working on; an idea to analyze and showcase the thoughts, values and beliefs of tomorrows business leaders that is, todays MBA students. That talk was the kick off of the EMBR: a project born global.

    The topic of this second annual issue is Corporate Entrepreneurship. Almost 200 teams from 42 in-ternational business schools located in 17 countries have participated in this competition. What the reader has in his/her hands is a selection of the best papers presented.

    The ESADE MBA Business Review is an ambitious yet humble attempt to showcase to the world the thinking of MBA students globally, and we hope that you will enjoy reading it as much as our students enjoyed working on it during the last ten months.

    Welcome Letter

    Xavier Mendoza DeanExecutive Director

    Gloria Batllori Executive Director ESADE MBA programs

  • ESADE MBA BUSINESS REVIEW

    76

  • ESADE MBA BUSINESS REVIEW

    7

    I still remember that evening in Barcelona a few weeks before I began my MBA studies at ESADE. Some of the new candidates who happened to be around had been invited by the welcoming com-mittee to a dinner with some Second Year students. During the dinner the conversation turned to the various clubs and activities at ESADE, and a chap a few seats away from me caught my attention with a project that sounded particularly interesting one in which MBA students from all over the world would voice their thoughts, values and beliefs on an issue currently facing the business community. That person was Darpan Sanghvi, the founder of an extraordinary initiative, now the ESADE MBA Business Review, and soon-to-be my collaborator on the second edition of the project. After attending the EMBRs inaugural event, I was sure this was something I wanted to be a part of.The project began last September. After lengthy consideration of scores of subjects, the EMBR team, together with students and teachers, plumped for Corporate Entrepreneurship (CE) as the topic for the 2004 edition. It was an inspired choice because CE is a burning issue of global relevance. Profes-sional and scholarly interest in Corporate Entrepreneurship stems from the quest to harness innova-tion and creativity, both factors of vital importance in todays competitive business environment. We felt that focusing future business leaders attention on this topic would provide a unique opportunity to gain insights in this field. The response was overwhelming - over 400 MBA students representing 42 business schools accepted our invitation to take part in the second edition of the ESADE MBA Busi-ness Review.We were particularly struck by the depth of insight and quality of the papers submitted. This made the evaluation panels job of selecting papers for publication a particularly hard one. I would personally like to draw attention to the brilliant and diverse range of ideas on how corporations should tackle CE. These included the need for decentralized organizations allowing staff to make decisions, and long-term reward and evaluation systems. Other insights included the belief that visionary leadership and management support for risk-taking are key factors to success in promoting entrepreneurial behav-iour. Others drew attention to the need to link corporate culture and strategy in a vision that promotes innovation as fundamental for value creation.

    Ubuntu, a Zulu word for interdependence, was cited in a paper submitted from South Africa. It liter-ally means people are people because of others, a concept which, when considered in the context of modern corporations, reflects the need to create innovative team-based structures, especially when attempting to foster Corporate Entrepreneurship. The presence of a rich variety of concepts, such as Ubuntu highlights the rewards of conducting a global journal that is capable of capturing a diversity of ideas that would otherwise be lost. Accordingly, I am sure you find the Top 10 Papers published in this journal very enlightening.

    Finally, on behalf of the EMBR team, I would like to take this opportunity to thank ESADE manage-ment, teaching staff, and all those who contributed to the projects success. It has been a long and challenging first year in the MBA programme but I can honestly say that it was worth every minute we dedicated to the EMBR. The project has made giant strides over the last year and it is likely that it will remain a lively forum for MBA students for years to come.

    Welcome to the second edition of the ESADE MBA Business Review

    Sergi TomsESADE MBA Business Reviewsergi.tomas@esade.edu

  • EMBR04ESADE MBA BUSINESS REVIEW

    01Entrepreneurship is the successful implementation of creative ideas that results in new customer valuesJay Rao, Associate Professor, Management Division, Babson College

  • EMBR04ESADE MBA BUSINESS REVIEW

    01

    CO

    RP

    OR

    ATE

    EN

    TREP

    REN

    EU

    RSH

    IP

  • 1110

    UNIVERSITY PARTICIPANTS N. ARTICLES

    Indian Institute of Management, Bangalore 17

    Indian Institute of Management, Lucknow 9

    National University of Singapore

    Marshall School of Business, University of California4

    ITAM, Mexico

    Rotman School Of Management, University of Toronto

    Goizueta Business School, Emory University

    Nanyang Business School, Singapore

    Weatherhead School of Management, Case Western Reserve University

    Wharton School, University of Pennsylvania

    3

    F.W. School of Business, Babson College

    Stern School

Recommended

View more >