The term "corporate entrepreneurship"

Teamwork plays an essential role within both Fiedler’s Contingency Theory and Chelladurai’s Multi-dimensional model particularly regarding leader-member relations, if the group are familiar and trusting of the leader policy implementation becomes much simpler. Similarly to leadership, understanding and adapting to the situation is key to a leader being able to implement policies that ensure a group work as a team. Teamwork is a product of good leadership, and is again the responsibility of the leader to ensure the group are working successfully together. Highly functioning teams are essential within organisations to increase productivity and member satisfaction, by utilising the talents of all group members effectively within the constraints of the task, personal relationships and the group goals (Pettinger, 2007). Figure 2: Tuckman’s Model of Group Development (Agile Scrum Guide, 2019) Tuckman in his Model of Group Development provides easily identifiable stages that a groups performance can be measured against, making it useful for monitoring performance, Figure 2 shows Tuckman’s model. Ranking group performance against this scale can provide leaders with a clear understanding of how the group are functioning, allowing them to implem

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Corporate Entrepreneurship, also known as Intrapreneurship, is entrepreneurship within established businesses. Organic development is desired by all businesses, but few have a mechanism in place to support and sustain it over time. The process of innovation is insufficient on its own. Organizations must provide a framework to encourage innovation and the emergence of new businesses. The solution is corporate entrepreneurship: Corporate entrepreneurship (Intrapreneurship) is a method of creating new businesses, products, services, or processes within an existing firm in order to add value and grow income. Corporate entrepreneurship creates the conditions for growth and innovation. It offers a holistic picture of the resources, procedures, and environment required to encourage, motivate, and engage the business in entrepreneurial thought and action.