On the Influence of Corporate Entrepreneurship and Key Elements of a Management System on Radical Innovation - The KOREAN vs. U.S. Experience -
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This research focuses on the evolution of a corporate radical innovation management system in the context of two different economic systems and business cultures in Korea and the U.S. In particular, to what extent do key elements of a corporate business system (strategy, process, customer, and employee) influence the development of a radical innovation management system; furthermore, to what extent do characteristics of corporate entrepreneurs (proactiveness, risk-taking, autonomy, and aggressiveness) influence the engagement of these four key elements of a corporate business system? Our in-depth analysis of four Korean firms reveals that different elements of a corporate business system influence the development of different types of innovation and also shows that different corporate entrepreneurship characteristics are related to each element of corporate business system.
Abstract
This research focuses on the evolution of a corporate radical innovation management system in the context of two different economic systems and business cultures in Korea and the U.S. In particular, to what extent do key elements of a corporate business system (strategy, process, customer, and employee) influence the development of a radical innovation management system; furthermore, to what extent do characteristics of corporate entrepreneurs (proactiveness, risk-taking, autonomy, and aggressiveness) influence the engagement of these four key elements of a corporate business system? Our in-depth analysis of four Korean firms reveals that different elements of a corporate business system influence the development of different types of innovation and also shows that different corporate entrepreneurship characteristics are related to each element of corporate business system.
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