Intrapreneurship: Recommendations on introducing this mechanism in large companies of Uzbekistan

• Authors: Azamat Oteuliev
• Languages of publication: EN

Abstracts

EN

Intrapreneurship is considered to be the most suitable mechanism for the efficient management to provide innovation activity and high competitiveness of large companies. This article researches the mechanism of decentralization of large state-owned companies in economically-developed countries as well it provides scientific foundations of the necessity of transition to the intrapreneurship mechanism which includes principles of internal entrepreneurship. In addition, it studies economic results of financing process implemented while operating innovation projects on the example of large companies of Uzbekistan. We have analyzed NPV, IRR, PbP, sensitivity to main risks, difference between scenarios both with project realization and without project realization in oil and gas, energy and mining industries. Moreover, recommendations aimed at successful implementation of intrapreneurship in practice have been developed and possible ways to finance established intercompany entrepreneurship units have been proposed.

Keywords

EN

Intrapreneurship; intrapreneur; intracapital; Uzbekistan; intercompany entrepreneurship

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Perspectives of Innovations, Economics and Business
• Year: 2015
• Volume: 15
• Issue: 1
• Pages: 31-40

Dates

published

2015-04-15

Contributors

author

Azamat Oteuliev

• Banking and Finance Academy, Republic of Uzbekistan

References

• Ackoff R.L., 1999. Re-creating the corporation: A design of organizations for the 21st century, New York, Oxford University Press
• Bagiev G.L. and Аsaul А.N., 2001. Organization of entrepreneurship activity, Saint Petersburg, SPBGU EiF (in Russian)
• Drucker P.F., 1974. Management: Tasks, responsibilities, practices. New York, Harper & Row
• Edersheim H.E., 2006. The definitive Drucker: Challenges for tomorrow's executives. Final advice from the father of modern management, McGraw-Hill Education
• Fatkin L., 1995. "Entrepreneurship in economic entities", “Issues of Theory and Practice of Management”, Vol. 4, pp.78-83
• Hizrich R.D. and Peters, M.P., 1989. Entrepreneurship: Starting, developing and managing a new enterprise. Irwin Professional Publishing
• Hodgson G., 1989, "Institutional economic theory: The Old versus the New", Review of Political Economy, Vol.1(3), pp.249-269
• Karimov I.A., 2015. Report devoted to the results of social and economic development in 2014 and prior directions for economic development for 2015 at the Session of the Cabinet of Ministers of the Republic of Uzbekistan, Tashkent. January 2015, “People’s word” newspaper
• Lapusta M., 2006. Entrepreneurship, 4-th edition, Moscow, INFRA-М (in Russian)
• Yakokko Lee, 2007. Career manager epilogue [Kar’era menedjera], Moscow, Popurri (in Russian)
• Macrae N., 1976. The coming entrepreneurial revolution: A survey. The Economist, Vol.25, December 1976
• Macrae N., 1982. Intrapreneurial now, The Economist, April 17, 1982
• Peters, T. J. and R. H. Waterman, Jr. 1982. In search of excellence: Lessons from America's best-run companies, New York, NY, Harper & Row
• Pinchot, G. 1985. Intrapreneuring: Why you don't have to leave the corporation to become an entrepreneur. New York, Harper & Row
• Sinelkov S.M., Solomonik, T.G., Birjakov, M.B., 1994. Encyclopedia of an entrepreneur. Saint Petersburg, ОLBIS (in Russian)
• Tarasov K., 2001. Intercompany entrepreneurship in organizations of scientific and research spheres. Thesis claiming for the degree of the candidate of economic sciences, Moscow
• Tateisi K., 1989. The eternal venture spirit: An executive's practical philosophy. USA, CA: Productivity Pr.
• Vissema H., 1996. Menedzhment v podrazdeleniyah firmy: Predprinimatelstvo i koordinaciya v decentralizovannoj kompanii. Moscow, INFRA-M (in Russian)
• Тоmilov V., Кrupanin А., Khakunov Т., 1998. Маrketing and intrapreneurship in the system of entrepreneurship. Saint Petersburg, SpBGU EiF (in Russian)
• Waterman R.H., 1990. Adhocracy: Any form of organization that cuts across normal bureaucratic lines to capture opportunities, solve problems, and get results. NY: W.W. Norton

Identifiers

DOI

http://dx.doi.org/10.15208/pieb.2015.02