Entrepreneurial & Intrapreneurial Minds

Entrepreneurial ProcessDefinitionIdentify and Evaluate the OpportunityGet informationLength of opportunityWindow of opportunityReal and perceived valueRisks and returnsPersonal goals and skills of entrepreneurUniquenessOpportunity assessment

Entrepreneurial ProcessDevelop Business PlanDetermine the Resources RequiredManage the Enterprise

Managerial v. Entrepreneurial Decision-makingManagerial styles= administrative domainFive areasStrategic orientationCommitment to opportunityCommitment to resourcesControl of resourcesManagement structure

Causes for Interest in IntrapreneurshipSocial aspectsCompetitionFour Key Elements of IntrapreneurshipNew business venturingOrganizational innovativenessSelf-renewalProactiveness

Corporate Culture v. Intrapreneurial CultureCorporate CulturesReward conservative decision-makingWait for instructionsDont failCollect as much information as possible, or do not actIntrapreneurial CultureTrial and errorReward for actionsEncourage new ideas and actions

Climate for IntrapreneurshipOperate on Technological FrontierNew IdeasTrial and ErrorFailures AllowedResources Available and AccessibleMultidiscipline Teamwork Approach

Climate for IntrapreneurshipLong-Term HorizonVolunteer ProgramReward SystemSponsors and Champions AvailableSupport of Top Management

Intrapreneurial Leadership CharacteristicsUnderstands the EnvironmentIs Visionary and FlexibleCreates Management OptionsEncourages TeamworkEncourages Open DiscussionBuilds a Coalition of SupportersPersists

Establishing Intrapreneurship in OrganizationsGet Management CommitmentIdentify Ideas and Areas of InterestUse Technology for FlexibilityTrain Employees with Interested ManagersDevelop Ways to Get Close to CustomerBe More Productive with Fewer Resources

Establishing Intrapreneurship in OrganizationsEstablish Strong Support StructureTie Rewards to PerformanceImplement Evaluation System

Problems and Benefits of IntrapreneurshipProblemsPerformance

BenefitsResources

Successes3M, HP, IBM