Description of the corporate entrepreneurship cluster
The concept of entrepreneurial opportunities is at the heart of research in entrepreneurship. The corporate entrepreneurship cluster emphasizes entrepreneurial activity that occurs in established firms which compete in technologically sophisticated markets and search for such opportunities. Science and technology constitute a major foundation for the discovery and creation of opportunities in those firms. Opportunities typically arise from market conditions and the firm’s internal capabilities, resources and skills.
In their search for opportunities, corporate entrepreneurs frequently explore technological frontiers within and outside a firm’s current business domain. The activities of the cluster will focus particularly on how firms get access to knowledge from external sources and how they can connect with external partners to build relationships. The ultimate goal of this process is to discover and create opportunities that have the potential to transform firms.