Corporate entrepreneurship in Lithuanian mature organisations: Is it really working?
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 corporate entrepreneurship in mature organisations. The theoretical model of CE, including innovations, strategic objectives and potential for growth, is described in the article. It is different from common approaches to CE in the field by attributing characteristics frequently used in CE research to institutional factors of
... tional factors of CE. Three institutional factors and their relations with CE are analysed: managers' attitudes toward entrepreneurship, entrepreneurial culture and institutional support systems. Medium and large sized Lithuanian mature organisations have been researched in regard to CE and its factors 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 results have disclosed the importance of managers' attitudes toward entrepreneurship to institutional support systems and entrepreneurial culture as well as the importance of managers' attitudes toward entrepreneurship to CE through the moderating effect of institutional support systems and entrepreneurial culture.