ABSTRACT

Corporate entrepreneurship has been associated primarily with the private sector. Public sector entrepreneurship is a process of creating value for citizens by bringing together unique combinations of public and private resources to exploit social opportunities. Building new businesses through innovative ideas originating from different groups within organizations is viewed as an integrated and continuous part of the company strategy. The practice of developing a corporate entrepreneurial culture is a collective responsibility: top management teams and working teams throughout the organization are necessary. This chapter highlights two main areas that need to receive special attention in the future: the relationship between entrepreneurship and the stakeholder's value and strategies to facilitate the emergence of public-sector entrepreneurship. In the UK, the NHS and the Post Office would perhaps benefit from a corporate culture transformation towards entrepreneurship. In conclusion, one can affirm that the entrepreneurial leadership process can include teamwork, a more democratic climate and a focus on stakeholders' value.