Is your business sole rights and decisions are taken by the
hands of few people to bring some radical changes in your business?
If yes. Then, your business needs to know about this
intrapreneurship model that can make some great differences in the growth of your
business.
So, Entrepreneur is the word that is very common, but what
is this Intrapreneur?
According to the American heritage Dictionary, the
intrapreneur is the person within the business who takes direct responsibility of
finding creative ideas and making it into a profitable thing through
innovation.
Intrapreneurship is simply the act of pursuing as a
entrepreneur while working within a business.
It is the practice that takes risk taking and innovation
approaches with motivational techniques to grow the business.
Intrapreneurs takes the responsibility for creating
innovations of any kind within the business.
They have full freedom and financial support to create and
develop new products, services and systems for the business.
Intrapreneurs focus on creativity to transform ideas into a
profitable venture while working in a business environment.
They must inherit qualities like courage and flexibility to
think outside the box to work on the ideas to boost the growth of the business.
Intrapreneurs have the same kind of mindset and spirit that
entrepreneur has but instead on venturing out on their own, they use their skills
for growing business of their business owners.
In simple words, intrapreneurs are having the capabilities to
check the opportunities around and then turn it into high potential innovations
through teamwork.
But how can a intrapreneur model can help in growing the
revenue and profits of business?
To know more, Let’s have a look over Martin Business who sells softwares to
other business.
Martin learned about Intrapreneur model and after that he
decided to implement in his business.
He started with first recognising intrapreneurs within his
business by looking qualities in employees like extroversion, intellectual stimulation,
creativity and intrapreneurial orientation.
Martin begin by enabling employees to become more creative
and flexible in their daily tasks and activities.
Now, employees become responsible of their tasks and be
liable for their actions and consequences as a normal entrepreneurs in the
market would do.
Martin started giving reward, training, recognition, incentives
and development to encourage employees to be more creative and dynamic.
He started trusting his employees by giving them more
business information and including them in small to big decisions of the business
that right from software production to management level.
Whenever a problem arises in the business, instead of
taking the decisions , he started teaching the employees to deal and cope with
such issues.
To do more, Martin started bringing intrapreneurs to the
issues of the companies he had identified.
Then, to encourage intrapreneurship, he would ask them to
submit their own innovative ideas across the problems and find out the best
results in the interest of the business.
Martin then started exploring the ideas in the real world
with the customers and market which generated new growth opportunities.
He started allowing the employees to create their own
projects and give them funds to use for those projects which not only boost
business growth but made his small business a huge corporate giant.
This is the heights of credible results that can be obtained by intrapreneurship by above example.
The business experts suggests that intrapreneurship is a
very creative step taken by the business owner that ensures business success,
progress and market sustainability.
After seeing how to foster intraprenuership, let’s see the
different types of intrapreneurship?
The three different types
of intrapreneurs: Creators , doers and implementors.
Creators are the ones who is the sole innovator and brings
up all the creative ideas very fast.
They always look for a better ways to perform and execute
tasks
The doers looks on the tasks that are need to be completed.
Here, this type of intrapreneurs achieve results and focus
on the tasks at hand.
The implementor confirms about all things are executed
properly and completed.
Implementors know how the things has to be done by focusing
on goals and motivating the team.
Thus, Intrapreneurship is very significant for your
business to grow as it allows the employees to use their skills to profit the
company as well as creating environment of freedom within business while looking
for the best solution to the challenges.
Thank you.
