Market-Driving Corporate Entrepreneurship: A Case of F Textile Company Entering Civil Engineering Market
The paper employs a case study, F Textile Company, which the company utilizes market-driving to develop a corporate entrepreneurship (CE). The company generates new technology and businessmodel, and then fits into Building Retrofitmarket for its product, Carbon Fiber Reinforced Polymers (CFRP). Under market-driving strategy, the company doesn’t only spin the technology into the internal which are developed by Chung-Shan Institute of Science and Technology (CSIST), but also spin out the knowledge to coordinates an alliance with the companies in Building Retrofit market (BR in CFRP). Therefore, the company builds new competence, reduces entry barriers, integrate whole value chain, even forms competitive advantage in new market. This study found that the companies could focus on market-driving which changes the delivery of customer’s need aggressively when they launch a CE to enter new market with high heterogeneity. External collaboration could help the companies acquire new knowledge and partners, and promote the development in technological innovation, strategy renewal, and corporate venturing simultaneously.