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Entrepreneurial transformation: a descriptive theory

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We develop a descriptive theory of the process of transforming a company from a traditional corporation to an entrepreneurial one. There has been a considerable outcry by those within and without corporations for change the way corporations operate and considerable effort being put into their transformation. There has been an increasing focus on making organizations more "entrepreneurial", that is, opportunity-seeking. We have identified a small group of companies which have recognized the need for transformation, but rather than simply correcting their problems they have set their goal of creating companies that are better able to adapt and size opportunity on a sustained basis. We develop a series of propositions which describe the end state that is being sought, the characteristics, processes and people involved in these entrepreneurial transformations, close by showing how that, when once transformed, the organizations become self-regenerating

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