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In the 1970s, early research in corporate entrepreneurship focused on understanding how new ventures may be formed within an existing organization. Since that time both the research focus and the definition of corporate entrepreneurship have evolved and changed. One currently accepted description of corporate entrepreneurship is the investment or funding of a new venture that is typically different from the organization's core business domain; however, the entity typically remains a part of the existing organization. It is important to point out that many researchers recognize that corporate entrepreneur-ship activities can be either internally or externally focused. Some researchers define external venturing as creating or investing in a semiautonomous or autonomous entity that resides outside the existing organizational domain, whereas internal venturing is the creating or ...

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