Corporate Innovation and Entrepreneurial Development

Abstract

This paper aimed at a theoretical exposition of the influence of corporate innovation on entrepreneurial development. To achieve this purpose a review of extant literature on innovation and creativity, concept of corporate innovation process of corporate innovation, approaches to corporate innovation, corporate innovation strategies, entrepreneurial development influence of corporate innovation on entrepreneurial development was made. The review was concluded by the conceptualization of corporate innovation and entrepreneurial development in a model framework. Our analysis in this paper indicated that corporate innovation enhances entrepreneurial development and we therefore submitted that corporate innovation should become on integral part of any enterprises if entrepreneurial development must be sustained.