MGT 488 Week 4-Summary Question

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What is strategic entrepreneurship?

“Strategic entrepreneurship is taking entrepreneurial actions using a strategic perspective” (Hitt,

Ireland, & Hoskisson, 2009, p. 368).

How might the leadership of a firm use strategic entrepreneurship to increase

firm value?

Leaders can use strategic entrepreneurship to increase firm value by focusing resources to

discover opportunities through innovation. Companies that employ strategic entrepreneurship

“…integrate their actions to find opportunities and to successfully innovate as a primary means

of pursuing them” (Hitt, Ireland, & Hoskisson, 2009, p. 368).

What role would innovation play in creating value through strategic

entrepreneurship?

“Innovation is a key outcome firms seek through entrepreneurship and is often the source of

competitive success, especially in turbulent, highly competitive environments” (Hitt, Ireland, &

Hoskisson, 2009, p. 370). Discovering innovations and applying them to business practices is

crucial to a company’s success. Technologies are continually evolving and adjustments in

innovation must occur to maintain competitive advantage.

Reference

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2009). Strategic Management: Concepts &

Cases Competitiveness and Globalization (8th ed.). Mason, OH: South Western Cengage

Learning.

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What is strategic entrepreneurship? "Strategic entrepreneurship is taking entrepreneurial actions using a strategic perspective" (Hitt, Ireland, & Hoskisson,?2009,?p.?368). How might the leadership of a firm use strategic entrepreneurship to increase firm value? Leaders can use strategic entrepren ...
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