_____ observed that "corporate entrepreneurship may be formal or informal activities aimed at creating new businesses in established companies through product and process innovations and market developments."

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Shaker A. Zahra is known for his extensive research and contributions to the field of entrepreneurship, including the study of corporate entrepreneurship. He has observed and discussed the concept of corporate entrepreneurship as encompassing both formal and informal activities aimed at fostering innovation and new business development within established companies.

_____ Observed That "Corporate Entrepreneurship May Be Formal or Informal