THE ENTERPRISING LIBRARIAN Professor Dylan Jones-Evans NEWI, Wrexham INTRAPRENEURSHIP An intrapreneur is an employee of a large organisation who has the entrepreneurial qualities of drive, creativity, vision and ambition, but who prefers, if possible, to remain within the security of an established company. This can be done by changing the existing environment of the large firm to incorporate such individuals, or by setting up new corporate ventures in which such individuals can flourish. TYPES OF INTRAPRENEURSHIP The development of an overall climate of entrepreneurship at a corporate level Employee initiative to undertake something new Rationalisation of the business including personnel (especially in management) Intra-corporate venturing BARRIERS TO INTRAPRENEURSHIP Differences between intrapreneurial and a traditional corporate culture Entrepreneurs will not be attracted to large organisations as they may discourage the employment and advancement of entrepreneurial individuals The hierarchical nature is not conducive to entrepreneurial behaviour The nature of corporate culture itself may stifle innovation Short-term profits/performance are BARRIERS TO INTRAPRENEURSHIP Independence in decision-making is a primary motivation in entrepreneurship The mobility of managers within large organisations may lead to a lack of commitment to specific projects In many large organisations, there are often inappropriate methods to compensate creative employees Many managers in a large organisations are not capable of being successful intrapreneurs CREATING A CLIMATE FOR INTRAPRENEURSHIP Intrapreneurship sponsors Continuous involvement of the original intrapreneur Autonomy of the intrapreneurial team Crossing boundaries in the organisation Tolerance of risks, failures and mistakes Long term philosophy towards success CREATING A CLIMATE FOR INTRAPRENEURSHIP Finding resources for ideas An effective reward system - short term pay benefits An effective reward system - long term pay benefits An effective reward system – education & health benefits An effective reward system - promotion CONCLUDING THOUGHTS Consider your current employer's culture towards entrepreneurship. Which of the above factors promote and restrict entrepreneurship within your organisation ? Which factors could have been introduced by your particular organisation in order to develop a more intrapreneurial culture ?
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