The Role of Organizational Culture on the Development of Corporate Entrepreneurship and Achievement of High Organizational Performance

Abstract

Entrepreneurship is important for organizations facing rapid change in industry, market structure, customers' needs, technological advancements, and societal values. Entrepreneurship draws from a wide range of skills capable of enhancement to add value to a targeted niche of human activity. On the other hand, corporate entrepreneurship is also viewed as acting entrepreneurially within the confines of an established organization. Relevant to that is the organizational culture, which is the set of values and beliefs behind individuals' attitudes, behavior, and performance within organizations. For organizational excellence to succeed, it needs to be supported and driven by top management whose role is to empower and enable employees toward excellence through continuous improvement.