Creating Entrepreneurial Culture in a large organization

Abstract

This paper examines viewpoints about entrepreneurship and underscores its need for business organizations. Some organization models are reminded before discussing why entrepreneurial culture is essential for large organizations. Characteristics of entrepreneurial culture are examined. Present status in large organizations is discussed in terms of the McKinsey 7-S framework. Findings of a field survey have been presented. Practical lessons for creating entrepreneurial culture have been extracted. A new terminology of AEIOU has been introduced for characteristics of entrepreneurial culture. Two new indicators, namely Creativity Quotient and Enterprise Index, have also been introduced in the context of internal entrepreneurship. However, these concepts remain to be developed into well-defined ideas with operationalization to facilitate their measurement and planning interventions. It may be noted that the paper has a high practitioner orientation compared to the empirical theory-testing/theory development orientation expected of most journals.