Abstract:

As it can be used as a strategy for inducing innovation, the entrepreneurship within an existing organization is highly worthwhile in the current dynamic environment. However, entrepreneurship research traditionally lacked a foundational theory. Despite efforts to afford a theory of entrepreneurship, only a broad consensus amongst to define entrepreneurship as the process of identification and exploitation of opportunities has been achieved. When this process takes place within an organization is called intrapreneurship and it involves to redirect or recombine many resources in an operational level. However, to focus just on the process is to tell only half the story. An entrepreneurial behavior inside established organizations is needed at strategic level, and is what we broadly call corporate entrepreneurship. The entrepreneurial behavior, often named entrepreneurial orientation, is related with the firm’s capabilities to innovate, to take risks and to compete proactive. In this context, and as some recent articles suggest, we integrate the Dynamic Capabilities perspective with the entrepreneurship within an existing organization. Thus, the entrepreneurial capabilities to identify and to exploit opportunities are expected to be extended, modified or created by high order or dynamics ones, as capabilities to innovate, to take risks and to compete proactive. In this theoretical paper, we offer for researchers, an integrated operational and strategic model, that connects the process of identification and exploitation of opportunities and the entrepreneurial behavior, all from a dynamic capabilities theoretical framework. For practitioners, we depict some capabilities which extend, modify or create those needed to ensure the innovation and entrepreneurial success.