THE RELATIONSHIP BETWEEN CORPORATE WISDOM AND CORPORATE ENTREPRENEURSHIP

In order to transform knowledge into value-creating activities in the most efficient manner, developments and innovations in knowledge management are developed in the direction of business objectives. One of the most important recent advances in the field of knowledge management is that the concept of wisdom is investigated in the literature. This concept constitutes institutional wisdom when dealt with on an institutional basis. Today's competition conditions move corporate wisdom understanding on the agenda due to the insufficiency of traditional knowledge management approach towards sustainable targets. and to business vulnerability to rapidly changing conditions. Entrepreneurship is one of the most popular phenomena influenced by the developments in knowledge management. Today, entrepreneurship necessitates the creation of value by seeing opportunities, reaching different information before others, and using it differently from others, thereby becoming a member of the information society. Entrepreneurship processes aiming to create value through transformation and innovation studies in an organization are called "corporate entrepreneurship". Corporate entrepreneurship is a capability that enables businesses to gain competitive advantage through conscious efforts which actuate internal and external initiatives against changing conditions and uncertainties. In terms of the elements they are based on, corporate wisdom and corporate entrepreneurship seem to have common characteristics. It is foreseen that these two popular concepts directly contribute to each other in business strategies and there is a close relationship between them. In this study, we examine the two concepts in all dimensions and theoretically determine the relationship between mentioned phenomena. The existence of the projected relationship has been clearly presented as a conceptual assessment in the conclusion of this study.