Entrepreneurial Management: A Framework for Innovation

Abstract

Entrepreneurial management is a cross-disciplinary field that integrates the theories and practices of entrepreneurship and management. It is concerned with the creation and growth of new ventures, as well as the management of established organizations in an entrepreneurial manner. Innovation is essential for entrepreneurial success. It is the process of generating and implementing new ideas to create value. Entrepreneurial managers play a key role in promoting innovation within their organizations. They do this by creating a culture that is supportive of risk-taking and experimentation, and by providing the resources and support that employees need to develop and implement new ideas. This paper presents a framework for entrepreneurial management that is specifically designed to foster innovation.