Differences between Intrapreneurship and entrepreneurship Tips for millenials

1. 20 February 2017
MADRID STARTUP ECOSYSTEM:
INSIGHTS & TRANSFORMATION
Sponsored by:
Conference:
Entrepreneurship & Intrapreneurship
Prof. Michael de José, PhD

2. «Europe’s leading recruiting
conferences for high-potentials”

3. ENTREPRENEURSHIP
&
INTRAPRENEURSHIP
opportunities for
millennials
Michael de José Belzunce, PhD

4. Millennials: Born 1985-2000
Today: 17-32 years old
Business experience: 0-10 years
INNOVATION

5. Innovation driven
Enthusiastic
Brilliant & self
confident
Open to risk
Very well trained
Techies

6. ENTREPRENEURINTRAPRENEUR
PROFESSOR ESCP EUROPE

7. Sharing
 Experience
 Vision
 Market trends

8. Entrepreneur within a large firm
Employee
assigned to an
innovation project
 Using entrepreneurship
skills
 With resources provided
by the company

9. Ambitious
Creative
Innovative
Self confident
Persistent
Disruptive
Takes risk
Resilient
Action oriented
Passionate

10. Inexperienced Experienced
Lack of funds Capital & Debt
Sales and client baseNeed of clients
Size & economies of scaleNeed of exponential growth
Small & Talented Strong & established culture
Focus: Maximize valueFocus: delight customers
Brand umbrellaNo brand
Available peopleNeeds people

11. Traditional innovation is not sufficient
Unlock creativity
Fight with similar tools as start-ups
Speed. Know-how.
Ignite cultural change

12. Afraid to hurt the core business
Risk-averse
Move too slowly (inertia)
Short term pressure (budgets)
Difficulty detecting early change signals
Need to change the concept of innovation
• “Function” that “belongs” to an area
• TQM gradual improvements vs disruption
• Innovation needs collaboration

13. ROIC
NPV
OPTIONS
Business
maintenance
Business
Builders
Early scale creation
Visionaries
Experimentation
70%
investment
20%
investment
10%
investment
Short term vision
Need to play
different types
of innovation

14. Huge opportunity for jobs

15. Start-ups as
key OPEN
INNOVATION
players

17. FEB-MAY 2017
252 START-UPS
3 WINNERS
ALLIANCE WITH
IBM AND
TELEFONICA
CULTURE IMPACT:
EYE-OPENER
POST-
COLLABORATION

18. Buy and insert into a Business Unit
Create a spin-off
Collaborate & Co-create
Invest in equity

19. FRUSTRATION
INSUFFICIENT RESOURCES
LACK OF EMPOWERMENT
LACK OF RECOGNITION
CULTURAL BARRIERS
FIGHT OR FLEE?

21. Be open minded
Build an ample knowledge of multiple functions

22. Be sure the
company
Is serious
about
innovation

23. Develop emotional competencies you will
need as an intrapreneur:
Empathy
Resiliency
Teamwork
Flexibility

24. Don´t wait for the opportunity to come
Build a previous experience in start-ups