Corporate entrepreneurship involves teams within established companies launching new businesses that leverage the parent company's resources. There are four models of corporate entrepreneurship: enabler, opportunist, producer, and advocate. Companies also innovate through either radical or incremental innovation. Radical innovation introduces completely new technologies while incremental builds on existing competencies. Successful corporate entrepreneurship requires an innovation culture that encourages risk-taking and learning from failures. Identifying promising intrapreneurs and establishing appropriate support systems and processes is also important for corporate venturing initiatives.
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
What is Innovation?
Types of innovation
Bill Ford on Innovation
What is Creativity?
Portrait of a Creative Person
Six Tips To Help You Enhance Your Creativity
Important one: Find what you love to do
A Suggested Innovation Framework
Case Study: 3M – How do they manage innovation?
The Concept of Corporate Entrepreneurship - IntrapreneurshipGaurav Singh Bisen
Presentation on Corporate Entrepreneurship, its strategies. Intrapreneurship & Leaders of such culture in market. Case Study of Google and its successful products and innovations.
What is Innovation?
Types of innovation
Bill Ford on Innovation
What is Creativity?
Portrait of a Creative Person
Six Tips To Help You Enhance Your Creativity
Important one: Find what you love to do
A Suggested Innovation Framework
Case Study: 3M – How do they manage innovation?
THE ENTREPRENEURIAL AND INTRAPRENEURIAL MINDFallahchay Ali
This is second chapter of Entrepreneurship and Business Planning.
The contents discusses in this chapter are as follow:
1. THE ENTREPRENEURIAL PROCESS
2. Aspects of Entrepreneurial process
3. Managerial Vs. Entrepreneurial decision making
4. CAUSES FOR INTEREST IN INTRAPRENEURIALSHIP
5. Corporate Vs. Intrapreneurial Culture
6. Climate for Intrapreneurship
7. Intrapreneurial Leadership Characteristics
8. Establishing Intrapreneurship in the Organization
I hope readers find this paper useful and enjoy from reading it.
Thank you
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Smart Villages
Given by Howard Alper
The second in our series of workshops designed to gather input from stakeholders involved in existing off-grid projects in Africa, Asia and Latin America. This event is workshop scheduled to be held in Malaysia for the ASEAN countries will be organised by the Academy of Sciences Malaysia (ASM) in collaboration with Universiti Malaysia Sarawak (UNIMAS).
Entrepreneurship, Innovation
Babele reinventing organizations through intrapreneurshipEmanuele Musa
Intrapreneurship is a major driver for accelerating culture change and organizational transformation. Intrapreneurs help develop the capability to capitalize on opportunities of change: developing a culture where risk-taking, acceptance of failure, and consequently, learning from it - are promoted.
The creation of intrapreneurship programs require a strong component of Human-centered design, so the program takes into account the needs and challenges of the different stakeholders involved.
Enjoy this deck if you want to learn more about the trends, pitfalls and best practices to foster intrapreneurship effectively in your organization.
For more info: www.babele.co
Change Starts Here: Building a Culture of InnovationMindjet
Company culture is not always considered a priority, but it certainly should be. And, if a business wants to promote innovation from within -- after all, great people are the best assets an organization can have -- it's vital that leaders and decision-makers place a strong focus on developing environments that cater to intrapreneurs, crowdsourcing, and surfacing great ideas.
Check out our latest SlideShare for more information on how to strategically foster a stronger, more engaging, more innovative company culture.
Co-Innovating your future with Oracle NEXTNeil Sholay
Innovation is an Idea, that meets a need, executed in the market.
The companies that succeed in the future, will be those with an obsessive focus on getting their ideas, experiences and business models to market. At Oracle NEXT we help clients frame, ideate, share, test and scale their ideas - quickly. We believe not just in ideas but in Ideas.Executed.
Read attachedpages about 3-M and their approach to innovationRes.docxmakdul
Read attachedpages about 3-M and their approach to innovation
Research one of 3M’s innovations.
Write a full two page paper in which you respond to the following questions:
1. How did the creative thinking process work in the development of this product? Describe what took place in each of the four steps.
2. Analyze what type of innovation this was—invention, extension, duplication, or synthesis. What characteristics of the innovation have led you to this conclusion?
3. Explain which of the sources of innovative ideas discussed in this week’s reading help account for this product’s success and why?
Include a minimum of two sources
The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship
Thus, 3M’s philosophy was born. Innovation is a numbers game: The more ideas, the better the chances for a successful innovation. In other words, to master innovation, companies must have a tolerance for failure. This philosophy has paid off for 3M. Antistatic videotape, trans- lucent dental braces, synthetic ligaments for knee surgery, heavy-duty reflective sheeting for construction signs, and, of course, Post-it notes are just some of the great innovations devel- oped by the organization. Overall, the company has a catalog of 60,000 products.40
Today, 3M follows a set of innovative rules that encourages employees to foster ideas. The key rules include the following:
•
Don’t kill a project. If an idea can’t find a home in one of 3M’s divisions, a staffer can devote 15 percent of his or her time to prove it is workable. For those who need seed money, as many as 90 Genesis grants of $50,000 are awarded each year.
• Tolerate failure. Encouraging plenty of experimentation and risk taking allows more chances for a new product hit. The goal: Divisions must derive 25 percent of sales from products introduced in the past five years. The target may be boosted to 30 percent in some cases.
• Keep divisions small. Division managers must know each staffer’s first name. When a division gets too big, perhaps reaching $250 million to $300 million in sales, it is split up.
• Motivate the champions. When a 3M employee has a product idea, he or she recruits an action team to develop it. Salaries and promotions are tied into the product’s progress. The champion has a chance to someday run his or her own product group or division.
• Stay close to the customer. Researchers, marketers, and managers visit with customers and routinely invite them to help brainstorm product ideas.
•
Share the wealth. Technology, wherever it is developed, belongs to everyone.41 3-4c structuring the Work environment
Structuring the Work environment
When establishing the drive to innovate in today’s corporations, one of the most critical steps is to invest heavily in an innovative environment. A top-level manager’s job is to create a work environment that is highly conducive to innovation and entrepreneurial behaviors. Within such an environment, each employee has the opport ...
Innomantra Viewpoint - Getting Bold innovation Right v1.0 Innomantra
Getting ‘BOLD INNOVATION’ Right
By Neelima Joseph & Lokesh Venkataswamy
The element ‘SUPPORT’ finds relevance in the innovation management system. To manage innovation effectively, the organization should jump in and facilitate the required resources for establishing, implementing, maintaining, and continual improvement of the innovation management system. The resources come in different forms such as Time, Knowledge, Financial resources, Infrastructure, and Human resources. For effective implementation of the standard, organizations are responsible for determining, providing, and managing the right people. Organizations must identify and develop teams with diverse backgrounds, to enhance cross-pollination and leverage the collective competence of the organization (ISO 56002:2019).
The element 'SUPPORT' encompasses the following sub-clauses, which are the different ways in which support could be extended:
This document is a piece of work dated 2009 outlining an analysis of the strategic activity within a major international organisation, more specifically Google. It includes an analysis of the advantages and disadvantages associated with using chaos integration perspectives.
Does your organization lack an innovation culture? Do you go along with the statement "we can be efficient, true, but not innovative”? Than embark on our "Innovation Learning Journey" and experience both, the spirit of the tech mecca - the Silicon Valley, and the growing startup scene in Berlin. Follow the path of innovation gurus like Elon Musk and Jeff Bezos, and find your own answer on: "How can I boost my corporate innovation capabilities?"
Receive priceless insights and reflect your learnings in intensive on-site workshops. The program and approach is specifically tailored to your needs and based on our profound innovation and technology expertise of Detecon, and the Detecon Innovation Institute (DII), which is based in San Francisco, the vibrant heart of Silicon Valley’s startup scene. Feel inspired? Than directly contact me: marc.wagner@detecon.com
THE ENTREPRENEURIAL AND INTRAPRENEURIAL MINDFallahchay Ali
This is second chapter of Entrepreneurship and Business Planning.
The contents discusses in this chapter are as follow:
1. THE ENTREPRENEURIAL PROCESS
2. Aspects of Entrepreneurial process
3. Managerial Vs. Entrepreneurial decision making
4. CAUSES FOR INTEREST IN INTRAPRENEURIALSHIP
5. Corporate Vs. Intrapreneurial Culture
6. Climate for Intrapreneurship
7. Intrapreneurial Leadership Characteristics
8. Establishing Intrapreneurship in the Organization
I hope readers find this paper useful and enjoy from reading it.
Thank you
Kuching | Jan-15 | Entrepreneurship as a Vehicle to Encourage Grass Roots Inn...Smart Villages
Given by Howard Alper
The second in our series of workshops designed to gather input from stakeholders involved in existing off-grid projects in Africa, Asia and Latin America. This event is workshop scheduled to be held in Malaysia for the ASEAN countries will be organised by the Academy of Sciences Malaysia (ASM) in collaboration with Universiti Malaysia Sarawak (UNIMAS).
Entrepreneurship, Innovation
Babele reinventing organizations through intrapreneurshipEmanuele Musa
Intrapreneurship is a major driver for accelerating culture change and organizational transformation. Intrapreneurs help develop the capability to capitalize on opportunities of change: developing a culture where risk-taking, acceptance of failure, and consequently, learning from it - are promoted.
The creation of intrapreneurship programs require a strong component of Human-centered design, so the program takes into account the needs and challenges of the different stakeholders involved.
Enjoy this deck if you want to learn more about the trends, pitfalls and best practices to foster intrapreneurship effectively in your organization.
For more info: www.babele.co
Change Starts Here: Building a Culture of InnovationMindjet
Company culture is not always considered a priority, but it certainly should be. And, if a business wants to promote innovation from within -- after all, great people are the best assets an organization can have -- it's vital that leaders and decision-makers place a strong focus on developing environments that cater to intrapreneurs, crowdsourcing, and surfacing great ideas.
Check out our latest SlideShare for more information on how to strategically foster a stronger, more engaging, more innovative company culture.
Co-Innovating your future with Oracle NEXTNeil Sholay
Innovation is an Idea, that meets a need, executed in the market.
The companies that succeed in the future, will be those with an obsessive focus on getting their ideas, experiences and business models to market. At Oracle NEXT we help clients frame, ideate, share, test and scale their ideas - quickly. We believe not just in ideas but in Ideas.Executed.
Read attachedpages about 3-M and their approach to innovationRes.docxmakdul
Read attachedpages about 3-M and their approach to innovation
Research one of 3M’s innovations.
Write a full two page paper in which you respond to the following questions:
1. How did the creative thinking process work in the development of this product? Describe what took place in each of the four steps.
2. Analyze what type of innovation this was—invention, extension, duplication, or synthesis. What characteristics of the innovation have led you to this conclusion?
3. Explain which of the sources of innovative ideas discussed in this week’s reading help account for this product’s success and why?
Include a minimum of two sources
The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship
Thus, 3M’s philosophy was born. Innovation is a numbers game: The more ideas, the better the chances for a successful innovation. In other words, to master innovation, companies must have a tolerance for failure. This philosophy has paid off for 3M. Antistatic videotape, trans- lucent dental braces, synthetic ligaments for knee surgery, heavy-duty reflective sheeting for construction signs, and, of course, Post-it notes are just some of the great innovations devel- oped by the organization. Overall, the company has a catalog of 60,000 products.40
Today, 3M follows a set of innovative rules that encourages employees to foster ideas. The key rules include the following:
•
Don’t kill a project. If an idea can’t find a home in one of 3M’s divisions, a staffer can devote 15 percent of his or her time to prove it is workable. For those who need seed money, as many as 90 Genesis grants of $50,000 are awarded each year.
• Tolerate failure. Encouraging plenty of experimentation and risk taking allows more chances for a new product hit. The goal: Divisions must derive 25 percent of sales from products introduced in the past five years. The target may be boosted to 30 percent in some cases.
• Keep divisions small. Division managers must know each staffer’s first name. When a division gets too big, perhaps reaching $250 million to $300 million in sales, it is split up.
• Motivate the champions. When a 3M employee has a product idea, he or she recruits an action team to develop it. Salaries and promotions are tied into the product’s progress. The champion has a chance to someday run his or her own product group or division.
• Stay close to the customer. Researchers, marketers, and managers visit with customers and routinely invite them to help brainstorm product ideas.
•
Share the wealth. Technology, wherever it is developed, belongs to everyone.41 3-4c structuring the Work environment
Structuring the Work environment
When establishing the drive to innovate in today’s corporations, one of the most critical steps is to invest heavily in an innovative environment. A top-level manager’s job is to create a work environment that is highly conducive to innovation and entrepreneurial behaviors. Within such an environment, each employee has the opport ...
Innomantra Viewpoint - Getting Bold innovation Right v1.0 Innomantra
Getting ‘BOLD INNOVATION’ Right
By Neelima Joseph & Lokesh Venkataswamy
The element ‘SUPPORT’ finds relevance in the innovation management system. To manage innovation effectively, the organization should jump in and facilitate the required resources for establishing, implementing, maintaining, and continual improvement of the innovation management system. The resources come in different forms such as Time, Knowledge, Financial resources, Infrastructure, and Human resources. For effective implementation of the standard, organizations are responsible for determining, providing, and managing the right people. Organizations must identify and develop teams with diverse backgrounds, to enhance cross-pollination and leverage the collective competence of the organization (ISO 56002:2019).
The element 'SUPPORT' encompasses the following sub-clauses, which are the different ways in which support could be extended:
This document is a piece of work dated 2009 outlining an analysis of the strategic activity within a major international organisation, more specifically Google. It includes an analysis of the advantages and disadvantages associated with using chaos integration perspectives.
Does your organization lack an innovation culture? Do you go along with the statement "we can be efficient, true, but not innovative”? Than embark on our "Innovation Learning Journey" and experience both, the spirit of the tech mecca - the Silicon Valley, and the growing startup scene in Berlin. Follow the path of innovation gurus like Elon Musk and Jeff Bezos, and find your own answer on: "How can I boost my corporate innovation capabilities?"
Receive priceless insights and reflect your learnings in intensive on-site workshops. The program and approach is specifically tailored to your needs and based on our profound innovation and technology expertise of Detecon, and the Detecon Innovation Institute (DII), which is based in San Francisco, the vibrant heart of Silicon Valley’s startup scene. Feel inspired? Than directly contact me: marc.wagner@detecon.com
Hello everyone! I am thrilled to present my latest portfolio on LinkedIn, marking the culmination of my architectural journey thus far. Over the span of five years, I've been fortunate to acquire a wealth of knowledge under the guidance of esteemed professors and industry mentors. From rigorous academic pursuits to practical engagements, each experience has contributed to my growth and refinement as an architecture student. This portfolio not only showcases my projects but also underscores my attention to detail and to innovative architecture as a profession.
Transforming Brand Perception and Boosting Profitabilityaaryangarg12
In today's digital era, the dynamics of brand perception, consumer behavior, and profitability have been profoundly reshaped by the synergy of branding, social media, and website design. This research paper investigates the transformative power of these elements in influencing how individuals perceive brands and products and how this transformation can be harnessed to drive sales and profitability for businesses.
Through an exploration of brand psychology and consumer behavior, this study sheds light on the intricate ways in which effective branding strategies, strategic social media engagement, and user-centric website design contribute to altering consumers' perceptions. We delve into the principles that underlie successful brand transformations, examining how visual identity, messaging, and storytelling can captivate and resonate with target audiences.
Methodologically, this research employs a comprehensive approach, combining qualitative and quantitative analyses. Real-world case studies illustrate the impact of branding, social media campaigns, and website redesigns on consumer perception, sales figures, and profitability. We assess the various metrics, including brand awareness, customer engagement, conversion rates, and revenue growth, to measure the effectiveness of these strategies.
The results underscore the pivotal role of cohesive branding, social media influence, and website usability in shaping positive brand perceptions, influencing consumer decisions, and ultimately bolstering sales and profitability. This paper provides actionable insights and strategic recommendations for businesses seeking to leverage branding, social media, and website design as potent tools to enhance their market position and financial success.
Can AI do good? at 'offtheCanvas' India HCI preludeAlan Dix
Invited talk at 'offtheCanvas' IndiaHCI prelude, 29th June 2024.
https://www.alandix.com/academic/talks/offtheCanvas-IndiaHCI2024/
The world is being changed fundamentally by AI and we are constantly faced with newspaper headlines about its harmful effects. However, there is also the potential to both ameliorate theses harms and use the new abilities of AI to transform society for the good. Can you make the difference?
Expert Accessory Dwelling Unit (ADU) Drafting ServicesResDraft
Whether you’re looking to create a guest house, a rental unit, or a private retreat, our experienced team will design a space that complements your existing home and maximizes your investment. We provide personalized, comprehensive expert accessory dwelling unit (ADU)drafting solutions tailored to your needs, ensuring a seamless process from concept to completion.
Top 5 Indian Style Modular Kitchen DesignsFinzo Kitchens
Get the perfect modular kitchen in Gurgaon at Finzo! We offer high-quality, custom-designed kitchens at the best prices. Wardrobes and home & office furniture are also available. Free consultation! Best Quality Luxury Modular kitchen in Gurgaon available at best price. All types of Modular Kitchens are available U Shaped Modular kitchens, L Shaped Modular Kitchen, G Shaped Modular Kitchens, Inline Modular Kitchens and Italian Modular Kitchen.
2. Defining the concept
Corporate entrepreneurship is the process by which teams within an
established company conceive, foster, launch and manage a new
business that is distinct from the parent company but leverages the
parent’s assets, market position, capabilities or other resources.
5. The Four Models of Corporate Entrepreneurship
THE ENABLER
“Company provides funding & senior
executive attention on prospective
projects”
THE OPPORTUNIST
“Company has no deliberate approach for
corporate entrepreneurship. Internal &
external networks drive concept selection
& resource allocation.”
THE PRODUCER
“Company establishes & supports a full-
service group with a mandate for
corporate entrepreneurship”
THE ADVOCATE
“Company strongly evangelizes for
corporate entrepreneurship, but
business units provide primary funding”
Dedicated
Ad-Hoc
Resource
Authority
Diffused Focussed
Organizational Ownership
8. 8
Types of Innovation in Corporate
Entrepreneurship
Radical Innovation
Incremental Innovation
“New to the entire world.”
- Google Glass
-Google’s Self Driven Cars
“ New to the organization itself.”
-Auto-complete, Voice Search, Universal
Search etc.
9. How they are different ?
Radical Innovation Incremental Innovation
Utilizes existing competencies, skills
& expertise
Risk is low
Business model remains same
Market Share remains the same
Requires new competencies, skills &
expertise
Risk is high
Changes the business model
Helps in increasing the market
share
Explores new technologies Exploits the existing technologies
10. 10
Creating an Innovation Culture for
Corporate Entrepreneurship
The story of innovation has not changed. It has always been a small team of people who have a new idea,
typically not understood by people around them and their executives.- Eric Schimdt - Chairman Google
15. Conceptualizing Corporate Entrepreneurship Strategy
A vision-directed, organization-wide reliance on entrepreneurial behavior that
purposefully and continuously rejuvenates the organization and shapes the scope
of its operations through the recognition and exploitation of entrepreneurial
opportunity.
16. Critical steps of a Corporate
Entrepreneurial Strategy
STEP 1 Developing the vision & mission
Encouraging Innovation
Structuring for Intrapreneurial climate
Developing individual manners for corporate
entrepreneurship
Developing Venture Teams
STEP 2
STEP 3
STEP 4
STEP 5
17. An Integrative Model of Corporate
Entrepreneurship Strategy
Source: Duane Ireland, Jeffery G. Covin, and Donald F. Kuratko, “Conceptualizing Corporate Entrepreneurship Strategy,” Entrepreneurship Theory and Practice 33, no. 1
20. Culture powering Corporate
entrepreneurship
Work on frontiers of cutting edge technology, and embrace new ideas.
Encourage experimentation, people learn from their mistakes.
Ensure no organizational obstacles are present that inhibit creativity.
Resources are available and easily accessible.
Multidisciplinary teamwork approach, and establish long time-horizon
Intrapreneurship through volunteer programs.
Appropriate reward system & Support from top management.
22. Establishing Intrapreneurship
Secure commitment to corporate entrepreneurship by different
management.
Identify areas & the amount of risk money where top management is
interested.
Use technology to enable flexibility.
Appropriate training programs should be adopted.
Exploit current set of database and work with least set of resources.
Establish strong support system and proper evaluation mechanism.
25. Reasons for Failure
Process
Complexity
Lack of Ability
Process
Inadequacy
Uncertainty
Deviance
A process
composed of
many elements
tends to break
down
An individual
doesn't have the
skills, conditions
or adequate
training the
perform the task
A competent
individual
adheres to
prescribed but
faulty or
incomplete
process
An individual
chooses to
violate and a
prescribed
process or
practice
Lack of clarity
about future
events
and unplanned
situations
26. Failure
Planning
Is a more
thoughtful and
a practical
approach.
Helps being
more analytical
and objective
by looking at
all possibilities.
Helps you move
on. Learn from
your failures
and bounce
back stronger.
Keeps you
away from
resting on your
laurels and
strive harder.
27. Create a Learning Culture
Make Risk-Taking and Failure Acceptable
Give People Ownership
Support People With Ideas
Create a Safe Place for Innovation
Celebrate and Reward Intrapreneurial Behaviour
Encourage Cross-Discipline Projects
Encourage Knowledge Sharing
Create and Allocate a Funds
Success Mantra
28. Entrepreneurs VS Intrapreneurs
Entrepreneurs Intrapreneurs
Independent in Operations
Self Fund Raising
Operates from outside
Begins with a new enterprise
Dependent on organization
resources.
Fund raising & resources by
organization
Operates within organization
Brings new ideas to an established
organization.