Friday, August 23, 2019
Entrepreneurial Management and Leadership Assignment
Entrepreneurial Management and Leadership - Assignment Example We can promote corporate entrepreneurship through human resource management practices, which establish relationships among employees, promotes risk acceptance, nurtures informal entrepreneurial behaviors, and matches individual employees to the job situation (ORourke 1). Additionally, strategy can also enhance corporate entrepreneurial activities by addressing all dynamics that may hinder the success of corporate entrepreneurial activities. Moreover, structure and culture can prevent corporate entrepreneurial activities by creating cultural differences and organizational differences in corporate entrepreneurial activities. The United Food Industries Corporation addresses entrepreneurship by having a vision statement, which seeks to make UFIC one of the leading Arab and International companies in the manufacturing and marketing of food products (ââ¬Å"Deemahâ⬠1). Moreover, the company has a research and development department, which limits the companyââ¬â¢s operations to advancements in design, products, and style. Indeed, the company seeks to improve existing food products, and to assess new ways of producing the food products. Indeed, the company produces and markets high quality products with competitive prices to satisfy customersââ¬â¢ needs and trust on UFIC products (ââ¬Å"Deemahâ⬠1). Notably, the United Food Industries Corporation corporate strategy is open to ideas generated from different units that are not part of the corporate strategy. Corporate entrepreneurial intensity relates to how entrepreneurship varies by degree and frequency, and how this variance affects the personal well-being and corporate performance. UFIC has recorded major expansion in manufacturing a processed cheese line and a vital processing and packaging dimension to the operation (ââ¬Å"United Group Logistics Centerâ⬠1). Specifically, UFIC took in Lactalis as a
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