MGM7250 Critically Appraised Topic Exam S2 2024
Topic: Intrapreneurship and Financial Performance
Due by 9:00am on Tuesday 5th November, 2024 AEDT.
Student number:
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Discussion, bottom-line and implications for practice
[To be written by you]
Question and PICOC
Question: Does fostering intrapreneurship improve financial performance, for example through revenue growth, cost reductions and improved operational efficiency?
Population: Competitive, profit-oriented businesses.
Intervention: Fostering intrapreneurship.
Comparison: Not fostering intrapreneurship.
Outcome: Financial performance.
Context: Competitive, profit-oriented businesses anywhere in the world.
Background
Your divisional manager has just returned from a motivational speech given to senior management by the newly appointed CEO. In her speech the CEO advocated for “excellence”, “agility”, “transformation”, and she particularly emphasised the need to foster “intrapreneurship” in the organisation. This is an extract from her speech.
Fostering intrapreneurship, where employees act as entrepreneurs within the organization, brings numerous benefits. It drives innovation by encouraging team members to generate and develop fresh ideas that can lead to new products, services, or improvements in existing processes. This innovative approach can help companies stay competitive and adapt to market changes quickly.
Intrapreneurship also boosts employee engagement and satisfaction. When employees are empowered to take ownership of projects and see the tangible impact of their work, they feel more valued and connected to the company’s mission. This often leads to higher retention rates and can attract top talent seeking workplaces that encourage creativity and growth.
Additionally, intrapreneurial initiatives can create new revenue streams or improve cost efficiencies. By leveraging existing resources and knowledge within the company, intrapreneurs can pursue projects with reduced risk compared to external entrepreneurial ventures. The organization can thus innovate cost-effectively and maintain a steady growth trajectory.
Finally, a culture of intrapreneurship fosters agility. Employees accustomed to thinking creatively and proactively can better anticipate and respond to challenges. This adaptability is especially valuable in volatile markets, where companies that can pivot quickly gain a strategic advantage. In summary, promoting intrapreneurship not only accelerates innovation but also strengthens employee morale, enhances operational efficiency, and builds a more resilient, forward-thinking organization.
Your divisional manager is somewhat sceptical about some of these claims and is not even really sure what “intrapreneurship” is. He has asked you to quickly search for and critically appraise the best relevant scientific evidence.
Search methodology
Inclusion criteria
1. Academic journal articles in English. The journals must be rated A or A* by the ABDC.
2. Indexed by Web of Science. Do not use other databases.
3. Subject areas: the Web of Science searches should be confined to business and management-related categories. The following clause at the end of your search strings will achieve this:
AND (WC="management*" OR WC=business OR WC="engineering*" OR WC="psychology*" OR WC="information*" OR WC="comput*")
4. Articles must have been published from 1975 to 2024.
5. Type of studies: Quantitative, empirical studies including meta-analyses. Systematic reviews, if relevant, are also acceptable. Qualitative studies such as case studies, traditional literature reviews and purely theoretical papers should be excluded.
Table 1. Web of Science search strings used to identify the final set of appraised studies.
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Search Number
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Search strings
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Number of articles
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1
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2
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3
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Additional exclusion criteria
A literature search using Web of Science produced N articles. See Table 1 above for the search terms used. The results included articles were also excluded if they:
·
Overview of research designs
After any additional exclusions, the best and most relevant 5 articles were selected for detailed appraisal.
A summary of results for this final selection of articles are provided in Table 2 below.
Table 2. Summary and appraisal of the studies summarised in this Critically Appraised Topic.
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Study
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Sampling Frame
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Design
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Relevant Findings
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Effect Sizes
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Limitations
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ABDC
Rating
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Level
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Bayes Factor
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AGGREGATED BAYES FACTOR:
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