Entrepreneurial & Intrapreneurial Minds

By: Bhavesh Mor NIPER-Hyderabad

Entrepreneurial Process

Definition Identify and Evaluate the Opportunity

Get information Length of opportunity

Window of opportunity

Real and perceived value Risks and returns Personal goals and skills of entrepreneur Uniqueness Opportunity assessment

Entrepreneurial Process

Develop Business Plan Determine the Resources Required Manage the Enterprise

Managerial v. Entrepreneurial Decision-making

Managerial styles= administrative domain Five areas

Strategic orientation Commitment to opportunity Commitment to resources Control of resources Management structure

Causes for Interest in Intrapreneurship

Social aspects Competition Four Key Elements of Intrapreneurship

New business venturing Organizational innovativeness Self-renewal Proactiveness

Corporate Culture v. Intrapreneurial Culture

Corporate Cultures

Reward conservative decision-making Wait for instructions Dont fail Collect as much information as possible, or do not act Trial and error Reward for actions Encourage new ideas and actions

Intrapreneurial Culture

Climate for Intrapreneurship

Operate on Technological Frontier New Ideas Trial and Error Failures Allowed Resources Available and Accessible Multidiscipline Teamwork Approach

Climate for Intrapreneurship

Long-Term Horizon Volunteer Program Reward System Sponsors and Champions Available Support of Top Management

Intrapreneurial Leadership Characteristics

Understands the Environment Is Visionary and Flexible Creates Management Options Encourages Teamwork Encourages Open Discussion Builds a Coalition of Supporters Persists

Establishing Intrapreneurship in Organizations

Get Management Commitment Identify Ideas and Areas of Interest Use Technology for Flexibility Train Employees with Interested Managers Develop Ways to Get Close to Customer Be More Productive with Fewer Resources

Establishing Intrapreneurship in Organizations

Establish Strong Support Structure Tie Rewards to Performance Implement Evaluation System

Problems and Benefits of Intrapreneurship

Problems

Performance

Benefits

Resources

Successes

3M, HP, IBM