In a rapidly evolving digital landscape, a mid$-$sized digital marketing agency, Company X$,$ is facing stiff competition from larger firms with deeper pockets and resources. Despite being known for their creativity and agility, they find themselves struggling to keep up with the pace of innovation and meet the diverse needs of their clients. Sensing the need for a transformational shift, the CEO decides to foster a culture of corporate entrepreneurship within the company. They encourage employees to think outside the box, experiment with new ideas, and take calculated risks to drive growth and stay ahead of the competition. This approach not only revitalizes the company's spirit but also brings about several significant benefits.

In the context of the digital marketing agency, Company X$,$ discuss FIVE $(5)$ significant benefits that embracing a culture of corporate entrepreneurship can bring to Company X$.$ Support your answer with relevant examples or arguments to illustrate each benefit.