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The Entrepreneurial and The Entrepreneurial and Intrapreneurial MindIntrapreneurial Mind
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Entrepreneurial ProcessEntrepreneurial Process
1)1) Identify/Evaluate OpportunityIdentify/Evaluate Opportunity
2)2) Develop Business PlanDevelop Business Plan
3)3) Determine Resources RequiredDetermine Resources Required
4)4) Manage The EnterpriseManage The Enterprise
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WHAT IS A BUSINESS PLAN?WHAT IS A BUSINESS PLAN?
A Business Plan is a written document A Business Plan is a written document giving in detail all relevant internal & giving in detail all relevant internal & external elements that affect external elements that affect business & strategies for starting a business & strategies for starting a new venture.In short ,it deals with all new venture.In short ,it deals with all aspects of proposed new business.A aspects of proposed new business.A B Plan is also referred as the “ road B Plan is also referred as the “ road map/game plan” of the organisation.map/game plan” of the organisation.
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Opportunity AnalysisOpportunity Analysis
Market Need?Market Need?
Personal ObservationPersonal Observation
Underlying Social ConditionsUnderlying Social Conditions
Market Research DataMarket Research Data
Assess Competition- Patents?Assess Competition- Patents?
Where Money To Be MadeWhere Money To Be Made
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Decision MakingDecision MakingManager vs. EntrepreneurManager vs. Entrepreneur
Domain- Administrative vs. Domain- Administrative vs. EntrepreneurialEntrepreneurial
Strategic OrientationStrategic OrientationCommitment to OpportunityCommitment to OpportunityCommitment of ResourcesCommitment of ResourcesControl of ResourcesControl of ResourcesManagement StructureManagement Structure
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““Intrapreneurship”Intrapreneurship”
Instilling Instilling Entrepreneurial Entrepreneurial Spirit Within An Spirit Within An
Existing Existing Organization To Organization To
Innovate And Grow.Innovate And Grow.
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CONT.DCONT.D
Intrepreneurship is developing a Intrepreneurship is developing a spirit of entrepreneurship within the spirit of entrepreneurship within the existing organisation necessitated existing organisation necessitated
by pressure of business by pressure of business competition and socio-cultural competition and socio-cultural
necessities.necessities.
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Organizational CultureOrganizational Culture
CorporateCorporateClimate/Reward Climate/Reward
System Favors System Favors ConservatismConservatism
Follow Follow Instructions, No Instructions, No InitiativeInitiative
Hierarchy Of Hierarchy Of AuthorityAuthority
IntrapreneurialIntrapreneurialDevelop Vision, Develop Vision,
Goals, & PlansGoals, & PlansSuggest, Try, Suggest, Try,
ExperimentExperimentFlat Organizational Flat Organizational
Structure- Structure- Networking & Networking & TeamworkTeamwork
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Cultural Norms/ValuesCultural Norms/Values
CorporateCorporate IntrapreneurialIntrapreneurialFragmentedFragmented WholeWholeInstructionInstruction VisionVisionControlledControlled In ControlIn Control
Outer-DirectedOuter-Directed Inner-DirectedInner-DirectedAlienationAlienation ResponsibilityResponsibility““Chores”Chores” Enthusiasm/MotivationEnthusiasm/Motivation
Defined LimitsDefined Limits Space/FreedomSpace/FreedomInterferenceInterference TrustTrust
DistrustDistrust Belief In PeopleBelief In PeopleExpendableExpendable ExpandableExpandable
Limiting PeopleLimiting People Growing PeopleGrowing People
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Interest In IntrapreneurshipInterest In Intrapreneurship
Rising Interest in “Doing Your Rising Interest in “Doing Your Own Thing”Own Thing”
CorporationCorporation Support To Retain Creative Support To Retain Creative
EmployeesEmployees Fund StartupsFund Startups
HypercompetitionHypercompetitionCorporate vs. Intrapreneurial Corporate vs. Intrapreneurial CultureCulture
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Intrapreneurial ActivitiesIntrapreneurial Activities
New Business VenturingNew Business Venturing
InnovationInnovation
Self-RenewalSelf-Renewal
ProactiveProactive
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Climate for IntrapreneurshipClimate for Intrapreneurship
• TechnologyTechnology• New Ideas New Ideas
EncouragedEncouraged• Trial/Error Trial/Error
EncouragedEncouraged• Failure AllowedFailure Allowed• No Opportunity No Opportunity
ParametersParameters• Resources Available Resources Available
& Accessible& Accessible
• Multidiscipline TeamsMultidiscipline Teams• Long Time HorizonLong Time Horizon• Volunteer ProgramVolunteer Program• Appropriate Reward Appropriate Reward
SystemSystem
• Sponsors/Champions Sponsors/Champions
AvailableAvailable• Support of Top Support of Top
ManagementManagement
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Intrapreneurial LeadersIntrapreneurial LeadersUnderstand EnvironmentUnderstand Environment
Have Vision/FlexibilityHave Vision/Flexibility
Create Management OptionsCreate Management Options
Encourage TeamworkEncourage Teamwork
Encourage Open DiscussionEncourage Open Discussion
Build CoalitionsBuild Coalitions
PersistPersist
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Establishing IntrapreneurshipEstablishing Intrapreneurship
Commitment of Top ManagementCommitment of Top ManagementIdentify Ideas/Areas Interested In Identify Ideas/Areas Interested In SupportingSupporting
Use Technology For FlexibilityUse Technology For FlexibilityManagers Share/Train EmployeesManagers Share/Train EmployeesGet Closer to CustomersGet Closer to CustomersBe More Productive With LessBe More Productive With Less
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EvaluatingEvaluating Intrapreneurship ProposalsIntrapreneurship Proposals
Corporate FitCorporate FitInitial Initial InvestmentInvestment
Experienced Experienced Venture Venture ChampionChampion
Experience With Experience With Product/ServiceProduct/Service
Competitive Competitive
ThreatThreat
Proprietary Proprietary
TechnologyTechnology
Gross MarginGross Margin
Rate Of ReturnRate Of Return
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Barriers ToBarriers To Intrapreneurship Intrapreneurship
Inherent Nature of Large Inherent Nature of Large OrganizationsOrganizations
No Long-Term CommitmentNo Long-Term CommitmentLack Of Autonomy For Decision Lack Of Autonomy For Decision MakingMaking
Lack of Intrapreneurial TalentLack of Intrapreneurial TalentInappropriate Compensation MethodsInappropriate Compensation MethodsConstrained EnvironmentConstrained Environment