An Institutional Perspective
- New Horizons in International Business series
Chapter 5: Empowered Managers: Intrapreneurs in International Business
5. Empowered managers: intrapreneurs in international business You must have a passion to do everything yourself, do post and pre-acquisition or joint venture. After the deal is made, he [a transnational intrapreneur] is out there striking more deals like this; fundamentally a passion for this. (President of a major government-linked company in Singapore; interviewed on 18 May 1998) You’ve got to have the right CEO [abroad] who is interested in making friends. They have no choice but to be entrepreneurs since they are the top overseas managers and they are running the business all by themselves. Sometimes, you have to send your best managers overseas. You cannot keep all the good ones here [in Singapore]. Given the right incentives and environments, they are willing to go abroad. (Chairman of a major government-linked company in Singapore; interviewed on 25 July 1998) INTRODUCTION The ownership of capital distinguishes a transnational entrepreneur from a transnational intrapreneur, who is essentially a corporate manager empowered by the owners and/or shareholders of the transnational corporation (TNC) to engage in international business activities. Chapter 1 has reviewed some recent studies of corporate entrepreneurship and international business to understand the role of subsidiary initiatives in the global reach of TNCs. While their eﬀorts are highly commendable, however, the understanding of subsidiary initiatives in the global networks of TNCs is insuﬃcient because transnational intrapreneurs can operate both in parent headquarters and in foreign subsidiaries. Situated in the institutional perspective on transnational entrepreneurship in Chapter 1, transnational intrapreneurs...
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