Intrapreneurship
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Intrapreneurship

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Define intrapreneurship ...

Define intrapreneurship
Differentiate between entrepreneurs and intrapreneurs
Explain how creativity and innovation are related
List the characteristics of creative people
List the characteristics of a creative climate in a business
Distinguish among innovation, creativity and entrepreneurship
Mention the actions that are necessary to create the ability to innovate in a business

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Intrapreneurship Intrapreneurship Presentation Transcript

  • CHAPTER 19 Intrapreneurship F.W. Struwig Van Schaik Publishers
    • Define intrapreneurship
    • Differentiate between entrepreneurs and intrapreneurs
    • Explain how creativity and innovation are related
    • List the characteristics of creative people
    • List the characteristics of a creative climate in a business
    • Distinguish among innovation, creativity and entrepreneurship
    • Mention the actions that are necessary to create the ability to innovate in a business
    LEARNING OUTCOMES Van Schaik Publishers
  • LEARNING OUTCOMES
    • Outline the sources of innovation in a business
    • Discuss the intrapreneurial process
    • Identify the factors that hamper intrapreneurship
    • Discuss the intrapreneurial way of leadership
    • Briefly outline how to manage intrapreneurship in a business
    • Discuss how intrapreneurship is implemented in the South African business
    Van Schaik Publishers
  • DEFINITION OF INTRAPRENEURSHIP
    • “ ...Any of the dreamers who do. Those who take hands-on responsibility for creating innovation of any kind, within a business. The intrapreneur may be the creator or inventor but is always the dreamer who figures out how to turn an idea into a profitable reality.”
    • Intrapreneurs are therefore people who put new ideas into action within established businesses.
    • Although employed in a corporate position intrapreneurs are nevertheless given freedom and incentives to create and market their own ideas.
    Van Schaik Publishers
  • THE DIFFERENCES BETWEEN ENTREPRENEURS AND INTRAPRENEURS
    • Forms taken by intrapreneurship:
    • Traditional research and development
    • The ad hoc venture team
    • New venture divisions
    • Champions and sponsors
    • Acquisitions
    • Outsourcing
    • Hybrid forms
    Van Schaik Publishers
  • ROLES IN INTRAPRENEURSHIP
    • Initiator
    • Sponsor/facilitator
    • Champion/manager
    • Team supporter
    • Reactor
    Van Schaik Publishers
  • FIFTEEN MORE SPECIFIC JOBS
    • Researcher/analyser
    • Interpreter/strategist
    • Visionary/inventory
    • Catalyst or leader
    • Endorser
    • Team player
    • Resource provider
    • Problem solver
    • Co-ordinator
    • Negotiator
    • Politician
    • Change manager
    • Missionary
    • Opportunist
    • Critic/judge
    Van Schaik Publishers
  • CREATIVITY AND INNOVATION Van Schaik Publishers
  • THE CHARACTERISTICS OF CREATIVE PEOPLE
    • Bright
    • Good at generating many ideas quickly
    • Positive self-image
    • Sensitive to the world and others
    • Motivated by challenges
    • Can withhold a decision until facts have been collected
    • Value independence
    • Rich fantasy life
    • Flexible
    • Concerned with meanings and implications of a problem not small details
    Van Schaik Publishers
  • THE CREATIVE CLIMATE
    • Trusting management
    • Open channels of communication
    • Contact and communication with outsiders
    • Large variety of personality types among employees
    • Willingness to accept change
    • Experimentation with new ideas
    • No fear of negative consequences of making a mistake
    • Merit-based selection/promotion of employees
    • Techniques that encourage ideas
    • Financial, managerial, human and time resources to accomplish goals
    Van Schaik Publishers
  • Van Schaik Publishers
  • STIMULATING INNOVATION IN THE BUSINESS
    • Focus employee intelligence on the product and customer
    • Enhance subject matter expertise
    • Encourage unconventional ideas
    • Encourage employees not to fear ambiguity or uncertainty
    • Avoid forcing employees to explain or justify themselves
    • Motivate employees in a suitable manner
    Van Schaik Publishers
  • Van Schaik Publishers
  • THE INTRAPRENEURIAL PROCESS
    • Stage 1: Choosing an idea
    • Stage 2: Planning the business
    • Stage 3: Identifying sponsors - the protectors of new ideas
    Van Schaik Publishers
  • FACTORS HAMPERING INTRAPRENEURSHIP
    • Costs and rewards
    • Inertia
    • Hierarchy
    Van Schaik Publishers
  • Van Schaik Publishers
  • THE INTRAPRENEURIAL WAY OF LEADERSHIP
    • Important components:
    • Freedom, democracy and trade-offs
    • Making others feel good
    • No need for power
    • Avoiding conflict
    • Sharing the visionary task
    Van Schaik Publishers
  • IMPLEMENTATION OF INTRAPRENEURSHIP IN THE SOUTH AFRICAN BUSINESS
    • The individual intrapreneur
    • The intrapreneurial team
    • The intrapreneurial organisation
    • Intrepreneurial outposts
    Van Schaik Publishers