Corporate Entrepreneurship in Lithuanian Mature Organisations: is it Really Working?
Keywords:corporate entrepreneurship, institutional factors, managers' attitudes toward entrepreneurship, entrepreneurial culture, institutional support systems, mature organisations, Lithuania
Innovations are necessary for successful competition in local and global markets; moreover, they are at the core of corporate entrepreneurship (CE). The paper deals with CE in mature organisations. The theoretical model of CE including innovations, strategic objectives and potential for growth is described in the paper. It is different from common approaches to CE in the field by attributing characteristics frequently used in CE research to institutional factors of CE. Three institutional factors and their relations with CE are analysed, i.e. managers' attitudes toward entrepreneurship, entrepreneurial culture, and institutional support systems. Medium and large sized Lithuanian mature organisations have been researched empirically in regard to CE and its factors in quantitative research using the random sampling method and online survey.
The results have shown that Lithuanian mature organisations reveal a high level of CE, however, innovations are at the lowest level in comparison with the other two characteristics of CE. Managers' attitudes toward entrepreneurship, entrepreneurial culture and institutional support systems positively correlate with CE, but the strength of correlation is different. The paper presents the model of how three research factors influence CE in Lithuanian mature organisations and how this could be further developed.