Do we need a second engine for Entrepreneurship? How well defined is intrapreneurship to handle challenges during COVID-19?

¹ Pamukkale University, Turkey
² Peter the Great Saint Petersburg Polytechnic University, Russia

^* Corresponding author: mkiziloglu@pau.edu.tr

Abstract

Changing domains of economic mobility has brought in perspectives of innovation which are quite different from the earlier traditions in the so-called readings of Schumpeterian ways of innovative thinking. The new pandemic has taught us lessons that multidisciplinary innovation is not constrained to some mystical black box of innovation but should be elastic and accessible based on necessity and choices. Human beings are not always rational. Cognitive biases and nudges arising out of crisis globally has shown behavioral functionalities which changes the way human beings react and succumb to decision-making. This particular paper is based on extensive literature reviews and global cases arising out of extregencies and the subsequent development of field experiments which study the effects of various factors on innovation within the company. The filed experiments conducted were at national level in cooperation with national chamber of commerce wherein both intrinsic and extrinsic values of economics of scale was studied statistically using advanced techniques to not only analyze the results but infer on earlier research gaps in factors influencing the innovation blackbox of intrapreneurship which takes into account the psychology of economic decision making inside the corporate bandwagon. The rational choice behind measuring intrapreneurship in this study is impactful for learning the trends of human actions and behavior in a firm, which can be a yardstick for future academicians and policymakers to implement directly for aggravating the incubation indices.