DBA and Corporate Entrepreneurship - Fueling Innovation Within Big Business.

The need for entrepreneurial leadership with a DBA qualification in big business

When one thinks about business innovation, most often people consider start-up businesses and new ventures being formed by budding entrepreneurs who wish to compete within an existing sector. While this is true, many of the leading, large-scale companies today are maintaining their competitive position by fostering entrepreneurship within their organization. This "corporate entrepreneurship" (or intrapreneurship as it is commonly called) focuses on developing new business ideas, services and/or products from within an existing organization by its employees or top executives. An advanced understanding of the strategic skills to manage such projects and the execution of them is derived from a Doctor of Business Administration qualification.


A DBA degree is geared towards the application of rigorous research to address the current operational problems. It enables a seasoned professional to examine new market possibilities, understand current trends and development new strategies that boost growth and enhance competitive advantage.


Corporate entrepreneurs should posses the ability to integrate creative initiatives with strict strategy management, identifying opportunities and securing organizational support, resource allocation and performance measurement. The capabilities to analyze new business possibilities, understand and implement strategy, take managed risks and lead an organization are enhanced by a DBA qualification.


Large corporations can be plagued by bureaucracy, slow adoption and resistance to new ideas and/or strategies. DBA graduates have a good understanding of organizational dynamics and change management processes, enabling them to create new approaches for experimenting and developing new organizational behaviors or systems that promote new and innovative ideas and business practices.


Technology has increased the need for business organizations to develop and explore new solutions and services, thus enhancing business processes and customer interaction in the business. These new solutions, services and/or methods should have business potential, enabling leaders with DBA qualifications to identify opportunities for new ventures and the transformation into successful business endeavors.


A possible career path for individuals with a DBA qualification and extensive experience as a corporate entrepreneur can include; Innovation Manager, Director of Corporate Ventures, Executive in charge of Strategic Development, Business Transformation Leader and Internal consultant, among others.


A benefit of the intrapreneurship model is the opportunity to leverage the resources available from a large established organization with the agility and creative thinking of a start-up business. Leaders, however must possess an understanding of the risks and strategy required to leverage on this advantage successfully.


In the future, competitive large organizations would require internal processes of creating new business growth opportunities while effectively managing complexity and ensuring competitive advantage.


A Doctor of Business Administration equips leaders with advanced knowledge on how to transform themselves into strategic business innovators capable of creating new development pathways for success.

Read More: https://www.edumindslearning.com/blog/top-career-opportunities-after-doctor-of-business-administration

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