You are on page 1of 11

Entrepreneurship

Management

Intrapreneurship

Social Entrepreneurship

Women Entrepreneurs
to: Prof. Rabiya Sange

Created By: Noaman Sayed

Submitted
:A

Roll No: 34

intrapreneur. on the intrapreneurial creation of PR1ME Leasing within PR1ME Computer Inc. to mean "A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation"." Hence. Ph. 1982 issue of The Economist.’ and ‘intrapreneurship’ date from a paper written in 1978 by Gifford and Elizabeth Pinchot. where he shared. as a Master's in Management thesis. but in a large company. This academic research was later published as a case study by VDM Verlag as Intrapreneurship Success: A PR1ME Example by Howard Edward Haller. back to the garage. Intrapreneurship is now known as the practice of a corporate management style that integrates risk-taking and innovation approaches. Later the term was credited to Gifford Pinchot III by Norman Macrae in the April 17. The first formal academic case study of corporate entrepreneurship or intrapreneurship was published in June 1982. only a few years before the term was coined—a group of people going. 1 | Page . while operating within the organizational environment. (from 1977 to 1981). ‘intrapreneuring. the intrapreneur focuses on innovation and creativity. without being asked to do so. Apple Computer’s Chairman. in essence." "Intrapreneurship refers to employee initiatives in organizations to undertake something new. and also credited Gifford Pinchot III as the originator of the concept. in an interview in the September 1985 Newsweek article. The American Heritage Dictionary acknowledged the popular use of a new word. as well as the reward and motivational techniques that are more traditionally thought of as being the province of entrepreneurship The first written use of the terms ‘intrapreneur’. The term "intrapreneurship" was used in the popular media first in February 1985 by TIME magazine article "Here come the Intrapreneurs" and then the same year in another major popular publication was in a quote by Steve Jobs.Entrepreneurship Management Intrapreneurship: In 1992.D. by Howard Edward Haller. and transforms an idea into a profitable venture. “The Macintosh team was what is commonly known as intrapreneurship. The American Heritage Dictionary of the English Language included the term 'intrapreneur' in its 3rd 1992 Edition.

which include Google’s famous “20% program”. Capturing a little of the dynamic nature of entrepreneurial management (trying things until successful. Smart companies want you to become an intrapreneur because it fuels business growth and allows them to gain a competitive advantage in their industry. even though they have the resources. such as marketing executives. Or perhaps those engaged in a special project within a larger firm. (See also Corporate Social Entrepreneurship: intrapreneurship within the firm which is driven to produce social capital in addition to economic capital. learning from failures.) adds to the potential of an otherwise static organization. attempting to conserve resources. skunk works and informal programs where employees pitch ideas directly to executives. either formally or informally. In addition. are encouraged to behave as entrepreneurs. intrapreneurs developed a number of famous aircraft designs and at 3M. etc. These free flowing ideas come from in-house programs. AdSense and Gmail. we found that 40% 2 | Page . capabilities and security of the larger firm to draw upon. At Lockheed Martin. Why Companies want Intrapreneurs? Intrapreneurship is responsible for a lot of product innovation around the world today. contests. Intrapreneurship is an example of motivation through job design. without exposing those employees to the risks or accountability normally associated with entrepreneurial failure. In a new study in partnership with American Express for my book Promote Yourself. they came up with Post-It Notes and at Google. they came up with Google News.) Employees.Entrepreneurship Management Thus. What these examples have in common is that companies embraced the idea of allowing their employees to become entrepreneurs and capitalize on new business ideas. we found that 58% of managers are either very willing or extremely willing to support employees who want to capitalize on a new business opportunity within their company. intrapreneurs are inside entrepreneurs who follow the goal of the organization. hackathons.

reach out and offer the support necessary. In the New York office of Ernst & Young LLP. and the lawyers offered advice on some of the common legal issues non-profits encounter. drawing on the shared network of peers and attorneys. Intrapreneurship programs are one solution to solve this retention problem. allowing them to feel like they’re making a big impact. was the product of a hackathon. a 30-year-old manager in the Fraud Investigation & Dispute Services (FIDS) practice at Ernst & Young LLP. they have hackathons where they encourage engineering teams to collaborate on software projects. Kiley’s network at the firm included colleagues passionate about non-profits. At LinkedIn. The FIDS team ran a seminar about fraud issues inherent in the non-profit industry. At Facebook. At DreamWorks. If their idea is approved. she deepened relationships with potential clients and developed her own leadership skills and those of younger employees at the firm. employees can come up with a new idea once each quarter. regardless of age. The FIDS group works closely with law firms and is always looking for ways to build relationships with attorneys. In the process. they take this a step further by actually teaching their employees how to formulate their pitch and then allowing them to practice in front of executives. the 3 | Page . something hundreds have already taken advantage of. For Kiley personally. they are able to spend up to three months’ time dedicated to turning the idea into something that benefits the company.Entrepreneurship Management of millennial employees are either very interested or extremely interested in doing this. She realized she could give both the volunteer — and leadership — opportunities they were looking for by connecting the networks of attorneys and her FIDS peers to help nonprofits and entrepreneurs. entrepreneurs and making a difference. Many companies have programs already in place to cater to this rising demographic of millennials that will become 36% of the American workforce by next year and 46% by 2020. Kiley worked with a local law firm to put together training sessions for non-profits. one of the most important innovations in the company’s history. The top reason why millennials leave their companies after two years is because of a lack of career opportunities. Kiley Smith. created a cross-practice and cross-country working group to connect non-profits with legal and accounting professionals. Managers who support employees instead of constrain them cater to their entrepreneurial spirit. and many startups. for instance. An idea sprouted when Kiley learned that the American Bar Association recommends lawyers complete at least 50 pro bono hours per year. put a team together and pitch their idea to the executive team. The “Like button”. Each member can identify a need in his or her local community.

4 | Page .Entrepreneurship Management impact of this intrapreneurial undertaking was enormous. millennials can make a big impact even at the start of their careers — and that’s exactly what they want. Social entrepreneurs are individuals with innovative solutions to society’s most pressing social problems. “I wasn’t even a Manager yet and I was leading and coordinating a working group of 25 people across the country. it’s an opportunity to develop their leadership skills while inspiring change.” Stories like Kiley’s are becoming more common in companies. tackling major social issues and offering new ideas for wide-scale change. They are ambitious and persistent. intrapreneurship is the perfect solution. but are still paying back student loans and don’t have access to mentors or capital. I already had strong leadership skills to showcase. By leveraging internal resources and a corporate brand. Intrapreneurship is now recognized as a key to dynamic growth and change and for millennials. regardless of size and industry. the citizen sector has discovered what the business sector learned long ago: There is nothing as powerful as a new idea in the hands of a first-class entrepreneur. So when I was up for promotion to Manager. For millennials who are entrepreneurial. Most people who didn’t think outside the box didn’t have that. When intrapreneurs are successful. companies reap the benefits too. What is a Social Entrepreneur? Over the past two decades.

Social entrepreneurs present user-friendly. social entrepreneurs act as the change agents for society. Why "Social" Entrepreneur? Just as entrepreneurs change the face of business. Social entrepreneurs often seem to be possessed by their ideas. and implement it. Leading social entrepreneurs are mass recruiters of local change makers— role models proving that citizens who channel their ideas into action can do almost anything. While a business entrepreneur might create entirely 5 | Page . They are visionaries. understandable. committing their lives to changing the direction of their field. and are ultimately concerned with the practical implementation of their vision above all else. and create solutions to change society for the better. spreading the solution. but also realists. seize their idea. and persuading entire societies to move in different directions.Entrepreneurship Management Rather than leaving societal needs to the government or business sectors. and ethical ideas that engage widespread support in order to maximize the number of citizens that will stand up. invent new approaches. seizing opportunities others miss to improve systems. social entrepreneurs find what is not working and solve the problem by changing the system.

Ibrahim Abouleish. including the establishment of the European Coal and Steel Community (ECSC). young and old – to pursue big ideas that can make the world better. personal and environmental development. including the right to control property and helped spearhead adoption of the 19th amendment. herbal. he caused the redistribution of more than 7. Since SEKEM was founded in 1977 by Dr. 2) SEKEM – With a name that essentially means “vitality from the sun.  Dr. a social entrepreneur develops innovative solutions to social problems and then implements them on a large scale.  Florence Nightingale (U.  John Muir (U.K. it has:  Produced medicinal.000 acres of land to aid India's untouchables and landless. List of some Successful Social Entrepreneurs: 1) RingCentral hopes that these examples serve to inspire entrepreneurs – new and veteran. she established the first school for nurses and fought to improve hospital conditions. Maria Montessori (Italy): Developed the Montessori approach to early childhood education.” this Egyptian company has certainly lived up to its promise by continuously encouraging social. The ECSC and the European Common Market were direct precursors of the European Union.Entrepreneurship Management new industries. a pharmacologist.  Vinoba Bhave (India): Founder and leader of the Land Gift Movement.): Fought for Women's Rights in the United States. Anthony (U.): Naturalist and conservationist.S.000.  Jean Monnet (France): Responsible for the reconstruction of the French economy following World War II. Historical Examples of Leading Social Entrepreneurs:  Susan B. he established the National Park System and helped found The Sierra Club.): Founder of modern nursing. gastronomical and aesthetically focused products that serve the needs of its customers 6 | Page .S.

the Ladakhi Women’s Travel Company is a travel agency made up of female trekkers and travel guides. Founded by NK Chaudhary in 1978. Georgia. With the notable help of Tribhuvandas Patel and Verghese Kurien. Fifteen has:   Delivered delicious Italian food to patrons and opened two other restaurants in Amsterdam and Cornwall Trained 220 young locals in the art of cooking and hospitality and inspired many of its graduates to pursue successful careers in the restaurant business Reinforced the value of local produce and cooking techniques 5) Ladakhi     6) Women’s Travel Company – Named for Ladakh. Amul has since:   Produced excellent value for money food products for customers Created a lucrative source of income for local dairy farmers in India 4) Fifteen – Founded by English celebrity chef Jamie Oliver in 2002. The restaurant initiative was named for the 15 young people who originally entered apprenticeships under this program. the Ladakhi Women’s Travel Company has: Organized educational and ecologically friendly tours. treks and homestays for travelers and tourists Inspired Ladakhi women to prove that they are equally talented in serving as tour guides in their hometown Encouraged local economic growth by allowing women to find work within Ladakh Jaipur Rugs – Starting out in Jaipur. one of the most beautiful and fascinating places in northern India. Since the first establishment opened. Amul was established initially as a reaction to unfair milk trade practices in India.Entrepreneurship Management    Improved the environment through biodynamic farms Built an educational establishment for children to emphasize creativity and analytical thought Instituted a healthcare center devoted to holistic medicine 3) Amul – Founded in 1946. Over the last few years. 7 | Page . It was founded by accomplished Ladakhi trekking guide Thinlas Chorol in 2009. defying trekking industry conventions that heavily favor Ladakhi males. India and currently operating from Atlanta. inspiring local and marginalized farmers to form cooperatives independent from trade cartels. Jaipur Rugs is a primarily focused on producing high-quality and socially responsible floor coverings. fifteen started out as an ambitious effort to offer disadvantaged youths (aged 18-24) a means of creating better futures for themselves through the art of good food. the Amul cooperative model became so successful that it was eventually replicated all over India in 1965.

well-crafted handmade rugs for discerning customers Continued to connect gifted rug makers to consumers Sponsored health. vocational. Born in Chennai. legal. The male dominated world was always reluctant to even acknowledge the fact that women were as good as men on parameters of hard work.believe in themselves and have enormous fire in their bellies to take on the best in the business and beat them at their own game. Indra did her Bachelor’s in Science from Madras Christian College in 1974 and a Post Graduate Diploma in Management (MBA) from Indian Institute of 8 | Page . Jaipur Rugs has: Produced breathtaking. Yes. financial and entrepreneurial initiatives to inspire progress in communities where their artisans work and live Women Entrepreneurship: Gone are the days when women were considered no match for all powerful men in this world.56. literacy. India too has its own pool of such bold and fearless women who have made a mark for themselves both within the country as well as overseas. there is a section among women who believe in short-cuts but at the same time there is no dearth of women who are confident .Entrepreneurship Management    this company elevated the art of knotted carpet weaving by nurturing it at the grassroots level and empowering local artisans by directly connecting them to the global market. The new generation women across the world have overcome all negative notions and have proved themselves beyond doubt in all spheres of life including the most intricate and cumbersome world of entrepreneurship. Thus far. intelligence quotient (IQ) and leadership traits. is the current chairman and CFO of the second largest food and beverage business. Indra Nooyi Current position: CFO. Their relentless zeal. incessant quench for success and willingness to walk the extra mile have broken all myths about their inborn limitations that were supposed to be major roadblocks on their success expressways. Pepsico Indra Nooyi.both males and females: 1. Let’s meet 5 such Indian women who can be easily termed as role models for every Indian. PepsiCo.

2. she is also serving as a nonexecutive director on the board of Nestle SA. Biocon Kiran. Naina has a Bachelor's degree in Economics from Delhi University and an MBA from Harvard Business School. Naina Lal Kidwai Current position: Group General Manager & Country Head – HSBC. is presently the Group General Manager and Country Head of HSBC India. Melbourne University. She started her career with ANZ Grind lays. Bangalore University. is the founder Chairman and Managing Director (CMD) of Biocon Limited.India Naina Lal Kidwai. Shaw completed her Bachelors in Zoology from Mount Carmel College. Beginning her career in India. She later did her post-graduation in Malting and Brewing from Ballarat College. She started Biocon in 1978 and spearheaded its evolution from an industrial enzymes manufacturing company to a fully integrated bio-pharmaceutical company. She has been conferred with prestigious Padma Bhushan for her business achievements and being an inspiration to India’s corporate leadership. Born in Bangalore. Kidwai is also global advisor at Harvard Business School. 3. Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell. In fact. Kiran Mazumdar Shaw Current position: CMD. Australia. 55. She worked as a trainee brewer in Carlton and United Breweries. Today Biocon under Shaw’s leadership has established itself as a leading player in biomedicine research with a focus on diabetes and oncology.59. Presently. Nooyi joined PepsiCo in 1994 and was named president and CFO in 2001. Calcutta in 1976. 9 | Page .Entrepreneurship Management Management. Kidwai was the first Indian woman to graduate from Harvard Business School. Melbourne and as a trainee maltster at Barrett Brothers and Burston. Indian government conferred Padma Shri award on Naina for her contributions in the field of Trade and Industry.

5. She is better known as ‘Cosmetic Czarina of India’. She received the Wockhardt Gold Medal for Excellence in Management Studies as well as the J. Rajasthan born chanda got Masters Degree in Management Studies from Jamnalal Bajaj Institute of Management Studies. and created Trent from the money it made through the sale. Chanda Kochar Current position: MD & CEO – ICICI Bank Chanda Kochar. Chanda Kochhar is married to Deepak Kochhar. Bose Gold Medal in Cost Accountancy. is currently the MD & CEO of India’s largest private bank ICICI Bank. Presently. Kiran received the prestigious Padma Shri (1989) and the Padma Bhushan (2005) from the government of India. 10 | P a g e .Entrepreneurship Management Kiran is also a member of the board of governors of the prestigious Indian School of Business and Indian Institute of Technology Hyderabad. a wind energy entrepreneur and her Business schoolmate. 4. Simone is the chairperson of Trent Limited. 51. Simone is wife of Naval Homey Jahangir Tata and step mother to Ratan Tata. Simone Tata Current position: Chairperson (Former). In 1996 Tata sold off Lakmé to Hindustan Lever Limited (HLL). Lakme Chairperson (Present). Mumbai. She has the distinction of changing a small subsidiary of Tata Oil Mills into the largest cosmetic brand in India – Lakme . that became synonymous with indigenous Indian cosmetics. N.Trent Limited French by birth and educated in Switzerland.