People at the place i work should read this, especially the decision makers! ·Let’s motivate intrapreneurs to be intrapreneurs! While these potential entrepreneurs have great ideas, there are definitely reasons why they are still salaried in your organisation and not out there making their ideas happen for themselves! Some of them might not be big risk takers or cannot afford to take the risk with their given situation. So, create that platform for them to explore and make mistakes, but hold them accountable at the same time for the ideas presented and resources invested from the organisation. As Sir Richard Branson says it cleverly, companies should have intrapreneurs, employees who are “… given freedom and financial support to create new products, services and systems, who do not have to follow the company’s usual routines or protocols. The idea perceived as most profitable should be given an opportunity to be seeded, watered and grown!” ·Fund your intrapreneurs! One of the other reasons your intrapreneurs are still with you is that they do not have the resources required. Some experts recommend that each organisation have an annual “Intrapreneur Budget” to support the selected projects to reduce the approval-implementation gap. Take a chance on them! ·Here’s the real challenge: reward your intrapreneurs like how entrepreneurs would be rewarded! Give them a share of profits in the ideas that they have originated and executed! If it makes money, then let them have a stake in it! In this way, they would have a sense of ownership to ensure that the idea is successful! Don’t be afraid to let them be financially rewarded! This will encourage more intrapreneurs to step up as well! And when competition for the best ideas gets tough in your organisation – that’s a very healthy sign of growth! If you’re in doubt, just try to imagine a world without intrapreneurs. That would mean no PlayStation, no Post-its, no Virgin Atlantic (which means no inspiration for AirAsia) and no Gmail! Would you search for, support, fund and reward the next person who may change the life of millions? Think about it …
Posted on: Tue, 15 Oct 2013 04:56:50 +0000
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