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Corporate Entrepreneurship : Top Managers and New Business Creation - Vijay Sathe

Corporate Entrepreneurship

Top Managers and New Business Creation

By: Vijay Sathe, Peter F. Drucker (Foreword by)

Paperback

Published: 15th February 2007
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Vijay Sathe examines how top managers--corporate executives, division general managers and the division's top management team members--influence corporate entrepreneurship, specifically new business creation in a corporate division. Corporate Entrepreneurship takes the reader into the real world of top managers to explore a relatively uncharted territory in a systematic and comprehensive way. The business realities, the management culture, the corporate philosophy, the organizational politics, the personalities, and the personal agendas of the people at the top are vividly portrayed in these pages. New business creation is innately difficult and it does not help that top managers are insufficiently educated and trained for it. This book offers both a theory of corporate entrepreneurship based on the real-world experience of top managers and practical advice on how to manage it for better results. Vijay Sathe is Professor of Management in The Peter F. Drucker Graduate School of Management at Claremont Graduate University in Claremont, California. He has published numerous journal articles and three other books: Controller Involvement in Management (Prentice Hall, 1982), Culture and Related Corporate Realities (Irwin, 1985), and a co-authored book, Organization (Third Edition, Irwin, 1992). Sathe has taught in MBA and executive education programs in the United States and Europe. He has also consulted with government agencies, not-for-profit organizations, and private and public companies around the globe.

'... a book that no practicing executive or student of management can afford to miss: the first serious study to show that 'corporate entrepreneurship' need not be an oxymoron.' Christopher A. Bartlett, Thomas D. Casserly Jr. Professor of Business Administration, Harvard Business School, and co-author of The Individualized Corporation 'A remarkably insightful and revealing look at what makes corporate entrepreneurship tick and what stifles it. The book is based on outstanding research in leading companies.' Yves L. Doz, The Timken Chaired Professor of Global Technology and Innovation, INSEAD, France, and co-author of From Global to Metanational 'This book, written with academic rigor and based on a detailed analysis of a set of valuable case studies, provides recommendations that will benefit top management and the champions of corporate entrepreneurship, academics and students alike. With its scope and focus the book breaks new ground in the management literature, and hence the author is the best example of entrepreneurship that he advocates so convincingly.' Jan Oosterveld, Chief Strategist and Member of the Group Management Committee, Philips Electronics '... a must-read as a blueprint for launching new businesses inside an established enterprise. It is also an enjoyable-read.' Shane Robinson, Executive Vice President, Chief Technology and Strategy Officer, Hewlett-Packard Company 'Corporate Entrepreneurship is essential reading for practitioners, researchers, and MBA students interested in new business creation. We have a rare opportunity to learn from 'what went right' as well as 'what went wrong' in the real world. We also learn from the real-life stories and direct quotations of top managers at large corporations as well as the writings of academic giants of leading business schools around the world. Most importantly, we learn from the author's insights into 'how to do' as well as 'how to see' the new business creation process. Without new business creation there is no future - for corporations as well as for our society.' Hirotaka Takeuchi, Professor and Dean, Graduate School of International Corporate Strategy, Hitotsubashi University, Japan, and co-author of Can Japan Compete?

List of figures
List of tables
Foreword
Preface
List of abbreviations
Introduction
Why a consistent emphasis and approach for new business creation is beneficial but difficult to achieve
The Business Environment
The external business environment
The internal business environment
The Management Culture
Shared beliefs about rewards, risks, opportunities and rule-bending
Shared beliefs about control and learning
The Corporate Executives
The bigger-is-better corporate philosophy
The small-is-beautiful corporate philosophy
New business creation challenges for corporate executives
Guidance and coaching by the DGM's boss and support and challenge by the controllers
The Division General Manager
The DGM's personal assets
The DGM's motivation and strategy for new business creation
Building corporate support for new business creation
Leading the division for new business creation
The Division and Its Top Management Team
The identification and pursuit of new business opportunities
Other new business creation challenges for the division
The division's organization, competence and collaboration for new business creation
The effectiveness of the division's top management team
Putting it All Together
How the five major influences interact to drive new business creation
Managing ten critical issues in new business creation
Notes
Bibliography
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521531979
ISBN-10: 0521531977
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 408
Published: 15th February 2007
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.9 x 15.2  x 2.3
Weight (kg): 0.59