Encouraging Entrepreneurship in Corporate Settings

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Particular attention has recently been paid to the improvement of innovative processes in the field of science and technology, material production, and management. Innovations are presented by actions performed to introduce the achievements of science and technology into technology and management, including the organizations providing services to the public. Innovation is a specific tool for entrepreneurship. Innovative entrepreneurship is defined as the process of creating and commercializing technological innovations. As a rule, entrepreneurial activity is based on innovation in the field of products or services, which allows you to create a new market and meet new needs.

The key strategies to encourage entrepreneurship in corporate settings are commercial factors. Such factors are economic aspects associated with the desire to independently increase incomes, gain economic independence, improve the level and quality of life, and gain new material opportunities. Additionally, it is possible to use non-material motivation structures associated with social self-realization, the desire to improve social status, the desire to gain independence and freedom, and the desire for professional self-realization.

Depending on the position for which the candidate is applying for in the company, he or she may be tested for entrepreneurial tendencies. Basic positions are often required, which are capable of performing a certain set of actions qualitatively and are not inclined to offer their own path. For other positions, the entrepreneurial inclination of the candidate is important but within certain pretexts. With a pronounced entrepreneurial inclination, an employee of a company can get the maximum benefit from work and later open his or her own competitive company. In this case, positive motivation involves a choice based on the conscious internal desire of the individual for professional and social self-realization, for independent activity, and the realization of leadership potential within the current workplace. Therefore, depending on the position, companies may test candidates for entrepreneurial mindset or be limited to personal characteristics alone.

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