The concept of organisational justice was first postulated by Greenberg in the year 1987. The term refers to the employee’s perception regarding their organization’s behaviors, decisions, actions and how they impact the employee’s attitude and behavior.
The economic theories carry illustrious and a long-established pedigree relating to the study of entrepreneurship.
Sociological theories are different from other theories because they analyse entrepreneurial activities from the standpoint of social contexts and corresponding processes and effects.
Entrepreneurs are considered to be the seeds of the development of industries. Entrepreneurs play a pivotal role in the process of the promotion and execution of the business.
Corporate entrepreneurship is an organizational process to convert individual ideas into shared ideas and actions relating to initiating an innovation within the organization by its employees through managing the uncertainties (Davila et al., 2007).
In contemporary dynamic business scenario, the inter-dependence of organisations and influence of external and internal environmental factors on trade and organisational practices has intensified manifolds.