QUESTION $2(25)$

In a paper presented at the $9$th International Business Conference at Victoria Falls on $21$ September $2015,$ Van der Merwe and Klopper define an entrepreneurial orientation as follows: $...$ an entrepreneurial orientation refers to strategic orientation, one that captures the specific entrepreneurial aspects of decision$-$making styles, methods and practices. Furthermore, the entrepreneurial orientation construct consists of five independent dimensions: Autonomy, Innovativeness, Risk$-$taking, Pro$-$activeness and Competitive aggressiveness.$$

During the conference, the following statement was made: $$If large, well$-$established organisations do not succeed in fostering an entrepreneurial orientation in the organisation, it will become increasingly difficult for them to compete in the rapidly changing and highly competitive business environment.$$

Do you agree with this statement? Discuss in detail what organisations should do to foster an entrepreneurial orientation. Provide practical examples to motivate your suggestions.