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How to Foster a Culture of Intrapreneurship this 2020?

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How to Foster a Culture of Intrapreneurship this 2020?
January 10, 2020

“The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.” – Ronald Reagan

Before we begin with anything, we just want to ask what exactly entrepreneurship is? Is it punching in and out at the designated time or devoting that extra hour to a task that needs to be completed by EOD. Is it keeping yourself in a comfort zone or coming out of it to try something that is beyond the wildest dream of others. Entrepreneurship is a passion; a passion to build something new and innovative that is capable enough to make an impact on everyone’s life. Be it online office bus service like Shuttl or ordering grocery from Grofers online supermarket, it all started with an idea to ease our lives.  

There is an entrepreneur in all of us. As per a report by the University of Phoenix, 93% of the US workforce thinks that they possess at least some qualities of an entrepreneur. In most organisations, the employees are happy doing the jobs assigned to them, which they complete comfortably before the stipulated time. So, what are they actually do in the remaining office hours? They often squander their time in leisure playing games in the office or on social media websites because they refrain themselves to exhibit their other forte. The reason could be many. Either they are not recognised by their organisation for the work they do or their company don’t appreciate for their out of the box thought process. 

Amid maintaining a positive linear growth, it is equally important to uncover the characteristic of intrapreneurship in the organisation. This is why in this post from Quarks, we are going to tell how to foster a culture of intrapreneurship this 2020. 

What is Intrapreneurship?

Intrapreneurship a system that authorises an employee to behave like an entrepreneur in own organisation. It is a practice followed in corporate managements where they integrate innovative and risk-taking approaches, along with other elements like motivational techniques and rewards, which are more traditionally taken in the domain of entrepreneurship.

Fostering Intrapreneurship

Through Leadership

Intrapreneurship is not something that can be imparted through training and learning programs within the organisations. In fact, it is a personality trait which some employees are born with. Intrapreneurs are people who lead by example. They are not just empowered but also take initiatives to carry responsibilities in difficult times. Intrapreneurial culture starts from employees who demonstrate leader-like qualities. 

To foster a culture of intrapreneurship, the senior member of the management needs to avoid over-controlling and micromanage things in the office and give some room to employees when it comes to the work they do. This hands-off approach boost confidence and they begin to trust themselves to take new challenging roles and responsibilities.

Through Change in Organisational Characteristics

As said above, there is an entrepreneur in all of us all that one needs to do is to find that talent. While some organisations create opportunities to bring out such fervent professionals in limelight, some of them don’t. So, if yours is a corporate management thinking to foster a culture of intrapreneurship this 2020, you can promote it by making some changes in organisational characteristics.

  1. Active support from top management and maintaining a mentoring relationship.
  2. By making sure that the communication system in the organisation is strong, transparent, efficient and promotes new ideas.
  3. Intrapreneurs are filled with talent, dedication and smartness to tackle things. They could be the resource of great value to the company and hence, their talent should not be missed and wasted.
  4. Allowing intrapreneurs to lead the show. Those who come with the ideas and required skills to lead the project deserve free hand to get involved in it rather than handed off the project to some other team.