A place for startup entrepreneurs to meet in Pune
“Intrapreneurship” is a term that has been around for a while now. In fact, in an interview in 1985, Steve Jobs is quoted as saying, “The Macintosh team was what is commonly known as intrapreneurship; only a few years before the term was coined — a group of people going, in essence, back to the garage, but in a large company."
One of the common challenges many small and medium sized enterprises face is that of people. Employers remain unhappy with the level of productivity of their employees and they in turn are unhappy with what they see as a lack of growth. Net result- an unhappy business that works far below its growth potential.
Intrapreneurship is a great way to ignite the purpose and passion of your organization. But, it also necessitates identifying how best to engage in developing such a mindset. One of the key tasks of the leadership is to identify team members who are highly creative, self-motivated and solution oriented. These individuals will be the drivers of innovation and progressive ideas, thoughts and practices that will keep your company on a future oriented trajectory.
So, how do you as a leader bring about this cultural revolution in your company?
Have a clear and singular purpose across the organization. This creates the context of a common goal and provides a framework to anchor initiatives. Identify the intrapreneurs hidden in your enterprise and show them their true magic.
One of the biggest advantages as an organization is the infrastructure available to encourage intrapreneurs. Access to information, systems and technology and financial resources allows your in-house intrapreneurs to focus on their skills and strengths.
Encourage innovative thinking across the organization through brainstorming sessions, suggestion boxes that are opened and discussed and one on one conversations with everyone from your secretary to the runner boy. The best ideas come from the most unexpected sources so keep an open mind. Lastly, there needs to be a healthy appetite for risk. The best way to ensure continuing stability is to develop a system of checks and balances.
The world around us is spinning around us even faster than ever making it even more urgent to have this competitive edge.
First published on www.bigmomentum.in