Merits and demerits of corporate entrepreneurship
Answers
Answer:
PLZ ,ARK BRAINLIEST
Explanation:
Here are a few benefits and drawbacks that a corporate entrepreneur may face within an organization
Pros:
Resources are readily available. This means they can have access to finances, R&D, an established sales force, an existing brand, distribution channels an established customer base, and more.
They have job security. The failure of an entrepreneurial idea doesn’t put their job at risk.
Mistake aren’t costly, if a mistake is made the company can absorb the failure
A large network of individuals can help them generate new ideas
Cons:
Their time is limited. Although they have access to a company’s resources, they can only use them when the company isn’t.
Longer approval cycles. They can’t just start working on their ideal, it needs to be approved by the company first.
Company owns the concept, and typically the intellectual rights surrounding the concept
Limits are placed on the financial rewards entrepreneurs can receive
Rules, procedures and bureaucracy hinder the entrepreneur’s ability to maneuver through the company
This shows that just like anything else in life, corporate entrepreneurship has its advantages and disadvantages.