The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship

Wisdom is an important point of view in the literature as the highest desired attainment of knowledge management and a new goal. Wisdom is a mysterious concept existing at the top of the hierarchy of data, information, and knowledge that occurs by the evolving of knowledge with experience and though...

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Main Authors: Metehan ORTKARPUZ, Ali ALAGOZ
Format: Article
Language:English
Published: Sciendo 2017-12-01
Series:Management Dynamics in the Knowledge Economy
Subjects:
Online Access:http://www.managementdynamics.ro/index.php/journal/article/view/218/194
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author Metehan ORTKARPUZ
Ali ALAGOZ
author_facet Metehan ORTKARPUZ
Ali ALAGOZ
author_sort Metehan ORTKARPUZ
collection DOAJ
description Wisdom is an important point of view in the literature as the highest desired attainment of knowledge management and a new goal. Wisdom is a mysterious concept existing at the top of the hierarchy of data, information, and knowledge that occurs by the evolving of knowledge with experience and thought. This concept constitutes institutional wisdom when dealt with on an institutional basis. Today's competition conditions move corporate wisdom understanding on the agenda due to the insufficiency of traditional knowledge management approach towards sustainable targets and keeping the business vulnerable to rapidly changing conditions. Entrepreneurship is one of the most popular phenomena influenced by the developments in knowledge management. Entrepreneurship necessitates the creation of value by seeing opportunities, reaching different information before others, and using it differently from others, thereby becoming a member of the information society. Entrepreneurship processes aiming to create value through transformation and innovation studies in an existing organization are called "corporate entrepreneurship". Corporate entrepreneurship is a capability that enables businesses to gain competitive advantage through conscious efforts which actuate internal and external initiatives against changing conditions and uncertainties. It is thought that the factors of corporate wisdom understanding are interacting with elements of corporate entrepreneurship. In this study, a conceptual review is carried out in order to reveal the mentioned interaction, to take all dimensions of the elements which the concepts are based on.
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spelling doaj.art-08256191e14d458cb0b21b95d2aeffb92022-12-21T23:35:40ZengSciendoManagement Dynamics in the Knowledge Economy2392-80422017-12-015453355810.25019/MDKE/5.4.05The Conceptual Review of Interaction between Corporate Wisdom and Corporate EntrepreneurshipMetehan ORTKARPUZ0Ali ALAGOZ1Selcuk UniversitySelcuk UniversityWisdom is an important point of view in the literature as the highest desired attainment of knowledge management and a new goal. Wisdom is a mysterious concept existing at the top of the hierarchy of data, information, and knowledge that occurs by the evolving of knowledge with experience and thought. This concept constitutes institutional wisdom when dealt with on an institutional basis. Today's competition conditions move corporate wisdom understanding on the agenda due to the insufficiency of traditional knowledge management approach towards sustainable targets and keeping the business vulnerable to rapidly changing conditions. Entrepreneurship is one of the most popular phenomena influenced by the developments in knowledge management. Entrepreneurship necessitates the creation of value by seeing opportunities, reaching different information before others, and using it differently from others, thereby becoming a member of the information society. Entrepreneurship processes aiming to create value through transformation and innovation studies in an existing organization are called "corporate entrepreneurship". Corporate entrepreneurship is a capability that enables businesses to gain competitive advantage through conscious efforts which actuate internal and external initiatives against changing conditions and uncertainties. It is thought that the factors of corporate wisdom understanding are interacting with elements of corporate entrepreneurship. In this study, a conceptual review is carried out in order to reveal the mentioned interaction, to take all dimensions of the elements which the concepts are based on.http://www.managementdynamics.ro/index.php/journal/article/view/218/194corporate wisdomcorporate entrepreneurshipknowledge managemententrepreneurship
spellingShingle Metehan ORTKARPUZ
Ali ALAGOZ
The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
Management Dynamics in the Knowledge Economy
corporate wisdom
corporate entrepreneurship
knowledge management
entrepreneurship
title The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
title_full The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
title_fullStr The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
title_full_unstemmed The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
title_short The Conceptual Review of Interaction between Corporate Wisdom and Corporate Entrepreneurship
title_sort conceptual review of interaction between corporate wisdom and corporate entrepreneurship
topic corporate wisdom
corporate entrepreneurship
knowledge management
entrepreneurship
url http://www.managementdynamics.ro/index.php/journal/article/view/218/194
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