1.Corporate entrepreneurship program leadership can be defined as adapting and development of new strategic plans and techniques or find new opportunities that may directly lead to the substantial growth of the business globally. This is very crucial for a company because the company has to overcome the inertia and embrace the risks, be innovative and lead the market ot a new dimension. Only a team of leaders with this leadership can do so. Other than making profit and supplying goods, the company can enjoy the benefits of continuously setting stage for global leaders.This is a process of company’s strategic plan renewal so as to be the leader and trend setter in the global market.
2. Engagement plan is very crucial for running a business. Business cannot just happen with two or three people, there have to be a lot of people, stock holders who help in the sucess of the business. There should be sound engagement plans to keep the stock holders engaged in the company. Engagement plan can be acheived by following certain steps.Setting goals on what the company is going to acheive,and working smart to acheive those goals.Understanding the stake holders and having their database to know who they are and are they ddoing any harm to the company stocks.Keep the priority stock holders informed about the important management decisions etc. The priority stake holders should not be lost at any cost. The more the stock holders are made to feel important to the comapny more would they invest in the stocks.
3.A corporate entrepreneurship team of a comapny decides the destiny of a company. The hiring process of the team is to be done through proper planning as the entrepreneurs as born to take changes in life and find it difficult to fit into the rules and regulations of an organisation.They are very objective oriented people, and give little importance to the day to day responsibility of the company. A perfect candidate will be knowing how to blance between the personal ideology and the organisations working procedures. Second process is to check for the work flow fit. Entrepreneurs will have a great ambiguity for change and taking new intiatives and challenges. While hiring it canbe analysed whether the candidate fits for the culture of the organisation like sharing information, mingling with the team etc and it is also crucial to check if the ambiguity strenght of the new candidate fits with the ambiguity level of the existing team.The third process is checking the ability to take risks. Risk taking is a kind of passion for aspiring entrepreneurs, while hiring the candidates who can balance the extend of risk to the ethics of the organisation should be analysed. The one who can balance it with out crossing the limits and also can take the risk in the market to expand the oranisation would be the right one. Final stage is testing of the speed to adapt if the speed of the existing operations are increased. Certain situational questions can be asked to know how the candidate reacts if the process is triggered for some reason or how he would cope up if its slowed down. Hiring entrepreneurs may add to the growth and expansion of the company to a very a very large extend. But the candidate must fit in the culture and working conditions of the organisation to have a favourable result other wise it would mess up. An ideal candidate is the one who is aware of the practicalities of the organisation balances it with his ideologies.
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