The Intrapreneurial Culture and Entrepreneurial Training
and Development
6.1 Introduction to Intrapreneurship
6.2 Corporate Versus Intrapreneurial Culture 6.3 Characteristics of Intrapreneurial Leadership 6.4 Climate for Intrapreneurship 6.5 Establishment of Intrapreneurial Culture Introduction To Intrapreneurship
Intrapreneurship is a method for stimulating and then
capitalising an individual in an organisation
Entrepreneurial efforts in an organisation.
6.2 Corporate Versus Intrapreneurial Culture Managers Entrepreneurs Intrapreneurs Primary Promotion and other Independence, Independence as motives traditional corporate rewards opportunity to create ability to advance in such as office, staff, and and money. the corporate power. rewards.
Short-term meeting quotas Survival and achieving Between and budgets; weekly, 5 to 10 years growth entrepreneurial and Time monthly, quarterly and the of business. traditional managers, orientation annual planning horizon. depending on urgency to meet self-imposed and corporate timetable. Activity Delegates and supervises Direct involvement more than direct involvement Direct involvement more than delegation.
Status Concerned about No concern about Not concerned about status symbols status symbols traditional status symbols – desires independence
Failure and mistakes Tries to avoid Deals with mistakes Attempts to hide mistakes and and failures. risky projects from surprises view until ready Decisions Follows dream with Able to get others to Usually agrees with decisions agree to help achieve those in upper dream Who serves management positions. Self and customers Self, customers and sponsors Family history Others Entrepreneurial Entrepreneurial small-business, small-business, Family members professional, or farm professional, or farm Relationship with worked for large background. background. others organisations. Transactions and Transactions within Hierarchy as basic deal-making as basic hierarchy. Manager of an organisation works on set or pre-decided plans
Flexibility, independence and risk taking are the
guidelines for intrapreneurial environment. 6.3 Characteristics of Intrapreneurial Leadership Visionary and flexible
Know-how of the environment
Think and develop management options
Stimulate and support team work
Encourage suggestions and open discussions.
6.4 Climate for Intrapreneurship To establish an intrapreneurial climate following factors are essential: Organisation functions on technology. New ideas, suggestions to be encouraged. Trial and error method in development is essential. Failure to be taken as part of work. Resources to be made available. Multidiscipline team work. Intrapreneurship in voluntary effort. Ensure Reward System Top management support. 6.5 Establishment of Intrapreneurial Culture Initial step in this process is to secure a commitment to intrapreneurship Ideas and general areas the management is
interested in supporting should be identified,
The expectations and the target results of each
intrapreneurial venture should be established.
Intrapreneurial training, mentoring system needs to
be established. training should be conducted one day per month
intrapreneurial team to develop a business plan,