Characteristics of an Entrepreneurial Environment

1. Organization operates on frontiers of technology

2. New ideas are encouraged
3. Trial and error is encouraged
4. Failures are allowed
5. No opportunity parameters
6. Resources are available and accessible
7. Multidiscipline teamwork approach
8. Long time horizon
9. Volunteer program
10.Appropriate reward system
11.Sponsors and champions available
12.Support of top management

Leadership Characteristics of Corporate Entrepreneurs

1. A corporate entrepreneur understands the environment
13.They must be a visionary leader – a person dreaming great dreams
14.They must be flexible and create management options
15.They encourage teamwork, using a multi-disciplined approach
16.Corporate entrepreneurs encourage open discussion
17.Openness leads to a strong coalition of supporters
18.A corporate entrepreneur must be persistent to make a new venture
successful