What Challenges Do Large Companies Face in Entrepreneurship?
Despite their resources, large companies face several challenges in fostering entrepreneurship:
1. Bureaucracy: Rigid structures and processes can stifle creativity and slow down decision-making. 2. Risk Aversion: Established companies often have a lower tolerance for risk, which can impede innovative initiatives. 3. Resource Constraints: Although large companies have resources, they are often allocated to existing operations, leaving limited room for new projects. 4. Cultural Barriers: Changing the organizational culture to embrace innovation and risk-taking can be difficult and time-consuming.