An assessment of corporate entrepreneurship in the Ethekwini Metropolitan Municipality

Abstract

Organisations today are competing in a global market. External and internal pressures are forcing organisations to innovate news ideas and offering to a shrinking market. This research primarily focuses on gaining insight into the current entrepreneurial climate as perceived by South African business executives in the Ethekwini Metropolitan Municipality, and aims to demystify those elements deemed important to achieve success in innovation for organisations operating in the twenty-first century. Data from 63 respondents linked to 4 organisations were collected and analysed. The results indicate that most organisations have certain aspects of an entrepreneurial climate present in their organisation but most lacked a holistic strategic approach. The greatest area of concern for organisations in the Ethekwini district of South Africa, is a poor or low tolerance for risks mistakes and failure. The study employed an established questionnaire developed by Pinchot (1999) and used descriptive statistics to analyse the data. Practical suggestions are also presented in order to improve the entrepreneurial climate of organisations