How Corporate Entrepreneurship Shapes Business Performance

Ever wondered how businesses thrive in different environments? Researchers have found that how companies act pioneeringly, which we call corporate entrepreneurship, can either make or break their success. They studied chiefs from 325 companies in the US, Slovenia, and Ireland, both private and public. They found that in private sectors, boldness and opportunities from the environment boost performance through corporate entrepreneurship. But in public sectors, improvement comes only if the organization constantly renews itself. This means that while private businesses can capitalize on their dynamic environment quickly, public ones need to keep reinventing themselves to see benefits. This finding is like looking at a puzzle—it brings together many pieces of knowledge to show a bigger picture, helping us understand how corporate entrepreneurship works in different situations.