Corporate managers must treat the internal new-venturing process as a form of entrepreneurship.

Question

Quizplus · Accepted Answer

This statement is true. Internal new-venturing involves creating new products, services or processes within an existing organization. The process of identifying opportunities, developing innovative ideas, and taking risks to create something new is similar to the process of entrepreneurship. Therefore, corporate managers should treat the internal new-venturing process as a form of entrepreneurship and provide the necessary resources and support to encourage innovation and creativity within the organization.

Corporate Managers Must Treat the Internal New-Venturing Process as a Form