Sustainability for Corporate Entrepreneurship-driven Large Corporations
Jafy Lok Tak Ming *
College of Business, DLSU, Philippines.
*Author to whom correspondence should be addressed.
Abstract
With the increasing importance of corporate entrepreneurship and sustainability to large corporation, this study helped by confirming the necessity to focus on the driving forces of corporate entrepreneurship, namely the manager characteristics, organization antecedents, and external environment. This is a quantitative research with a descriptive and causal design that is geared towards a path analytic model as an output, using the basic criteria of corporate entrepreneurship to the sustainability of large corporations. Path analysis was used as the main analytical tool to gain insight on the degree of influence of each driving force and its impact on corporate entrepreneurship in large corporations and to understand its link to sustainability of large corporations. From the results, focusing on the driving forces of corporate entrepreneurship could also improve the sustainability of large corporations. Furthermore, it has been confirmed that corporate entrepreneurship of large corporation positively and significantly influence the sustainability of large corporations. Thus, the management of large corporations should consider formulating proper company strategies to promote the driving forces of corporate entrepreneurship and these would positively influence their sustainability. In addition, the best driver of corporate entrepreneurship and of sustainability is organization antecedents which focus on organization structure, management supports and risk-taking tolerance.
Keywords: Driving forces of corporate entrepreneurship, sustainability, large corporations