Intrapreneur final
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An intrapreneur is someone within a large corporation who takes responsibility for turning ideas into profitable products or services through risk-taking and innovation. Intrapreneurs have entrepreneurial and managerial skills and operate within the organization. They work to improve products, services, processes, and customer communication in a results-driven manner. Fostering intrapreneurship helps companies innovate, compete better, and avoid complacency through new ideas.
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- An entrepreneur is someone who has a new business idea, is creative and innovative, takes risks, and starts a new venture or startup. Intrapreneurship refers to entrepreneurial initiatives within existing companies.
- Reasons for becoming an entrepreneur include profit, independence, unemployment, or a desire to be creative. Myths about entrepreneurship include beliefs that entrepreneurs are born not made or are always innovators.
- Types of entrepreneurship include small
Entrepreneurship & Intrepreneurship
This document discusses intrapreneurship and how to promote it in an organization. It defines intrapreneurship as corporate venturing that promotes entrepreneurial competencies within an existing company. Key factors that motivate intrapreneurship include management support, risk-taking, and resource availability. The document outlines advantages like revenue growth, innovation, and talent attraction. It also discusses challenges like lack of entrepreneurial culture and obstacles to overcome them through measures like developing an intrapreneurial culture and effective reward systems.
Innovaboard - Managing Innovation
The document discusses how companies can create value through innovation. It notes that businesses must differentiate themselves based on their value proposition rather than just product attributes. It then outlines a five step process for innovation campaigns: 1) employees propose ideas, 2) committees evaluate ideas, 3) best ideas are approved, 4) approved ideas become implementation projects, 5) projects are completed. Key benefits of innovation campaigns include promoting an innovative culture, identifying employee talents, and enriching value propositions to improve long-term profitability.
The lean startup
The document discusses the lean startup methodology for developing innovative new products under conditions of uncertainty. It describes how startups can use continuous innovation and validated learning from customers to create successful businesses. The key aspects are developing a minimum viable product to test hypotheses, conducting experiments to discover what customers value, and using empirical learning to prioritize features and guide the product vision. The goal of each experiment is to build a sustainable business around the startup's vision.
Intrapreneur
Intrapreneur is a person who helps entrepreneur in business activities.He is a person who is very innovative and creative in the business field .After getting experience he can become entrepreneur
Change Starts Here: Building a Culture of Innovation
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.
Intrapreneurship
Intrapreneurship involves taking on an entrepreneurial role within a large company by developing new ideas and innovations. An intrapreneur is defined as an individual within an organization who takes responsibility for turning ideas into profitable products through risk-taking and innovation. Companies benefit from intrapreneurship through competitive advantages from new innovations that intrapreneurs bring to market. Intrapreneurs benefit through flexibility, recognition, increased value to the organization, and increased compensation. For intrapreneurship to succeed, companies must encourage creativity, grant ownership to intrapreneurs, and treat intrapreneurial teams as profit centers.
Design Thinking Unit 1 .pdf
The document discusses different types of innovation including organizational, process, product, and marketing innovation. It provides examples for each type. Organizational innovation refers to changes in business practices or workplace organization. Process innovation improves production or delivery approaches. Product innovation introduces new or improved goods/services. Marketing innovation develops new strategies around product design, packaging, pricing, or promotion. Innovation is important for continuous improvement, reinforcing brands, responding to competition/trends, having a unique selling point, and using social media. Creativity involves generating imaginative and valuable new ideas through problem solving.
Entrepreneurship Development module I.pptx
This document provides an introduction to entrepreneurs and entrepreneurship. It covers the meaning of entrepreneur, evolution of the concept, functions of entrepreneurs including innovation and risk taking. It discusses types of entrepreneurs like innovative vs imitative. It also defines intrapreneurs as employees who develop innovative ideas within a company. The stages of the entrepreneurial process are outlined including idea generation, opportunity evaluation, planning, launch, and growth. Methods of generating ideas and creative problem solving techniques are also summarized.
4253047.ppt
This document discusses different types of innovation and entrepreneurship. It defines incremental innovation as small changes to existing products, services, or processes, while breakthrough innovation involves major technological leaps. Continuous improvement aims to incrementally enhance products and processes through methods like Six Sigma. Entrepreneurship involves identifying opportunities, building teams, and acquiring resources to create new products or services. Intrapreneurship encourages entrepreneurial activities within large established companies. The document also notes various risks of innovation and ways to manage those risks.
Chapter-1.ppt
The document discusses the definition, types and importance of entrepreneurship and start-up firms. It defines an entrepreneur as someone who conceives an idea and takes steps to convert it into a business venture by supplying capital, resources and bearing risks. Entrepreneurship is the process of starting, managing and developing a new business. The document discusses different types of entrepreneurship like small business, scalable startups, large companies and social entrepreneurship. It highlights the economic and social impact of entrepreneurial firms such as innovation, job creation and how they impact larger firms.
Innovation
Innovation is key to creating sustainable value through top line growth, bottom line optimization, and shareholder value growth. Long-term value is generated through continuous profitable top line growth driven by innovation that is aligned with corporate strategy and customer needs. Value is created organically through acquisition and innovation strategies by institutionalizing innovation across the organization. Innovation must be nurtured at all levels through an environment that plants and harvests ideas, builds external networks, manages risk, and engages a talented workforce.
Changestartsherecultofinnovationss 140120145907-phpapp02
This document discusses how to build a culture of innovation within a company. It emphasizes that an innovative climate cultivates engagement, encourages risk-taking, fosters learning and independent thinking. It recommends stopping assumptions, not fearing failure, making innovation a priority across all business areas, and measuring innovation efforts. The overall message is that nurturing an innovative culture requires flexibility, focus and commitment to ensuring the company remains relevant and differentiated through continuous innovation.
Harnessing Innovation
Demetris C. Hadjisofocli. This presentation provides some basic information on what is innovation and how it differentiates from Entrepreneurship. It gives a high level view on how Innovation processes should be approached within organizations to instill a culture of development and growth.
Competence required for entrepreneur
The document discusses competency and entrepreneurial competencies. It defines competency as the knowledge, skills, abilities, and strengths needed to perform a job or task. Entrepreneurial competency refers to expertise in business processes and exploiting opportunities. Key competencies include initiative, persistence, self-confidence, customer orientation, and problem solving. Maintaining, building, and deploying competencies is important for business performance and competitive advantage. Major competencies for entrepreneurs are integrity, conceptual thinking, risk-taking, networking, planning, and having a people focus.
10 Principles of Open Business - 9010 group
The document outlines 10 principles of an open business model including having a clear purpose, using open capital and crowdfunding, having a networked organization, sharing knowledge, connecting employees on social media, open innovation with partners, making data openly available, operating transparently, being member-led, and building trust. The open business model aims to scale through participation by making customers partners and using its resources to discover and bring together people who share its purpose.
10 Principles of Open Business - 9010 group
The document outlines 10 principles of open business including having a clear purpose, using open capital and crowdfunding, having a networked organization, sharing knowledge, connecting employees on social media, open innovation with partners, making data openly available, operating transparently, being member-led, and building trust. The principles are meant to help businesses scale through participation by making customers partners and using resources to discover and bring together people who share the company's purpose.
Enterpreneurship and startup opportunities for engineers
- Entrepreneurship and starting new businesses was discussed as an opportunity for engineers. Characteristics of successful entrepreneurs include drive, self-confidence, goal-setting, and risk-taking.
- Starting a new business involves identifying a market need and developing an innovative product or service to meet that need. Market research and assessing risks are important steps.
- Common reasons start-ups fail include poor planning, lack of experience, insufficient funding, and weak management of finances, employees, or other resources. Business incubators can help start-ups by providing low-cost office space, expertise, and funding connections.
Intrapreneurship and the Approach to Innovation From Within
What is Intrapreneurship? Sam Hanna shares the key concepts of intrapreneurship and steps to building and sustaining new ventures inside the organization.
Sam Hanna is the Program Director of HealthInformatics@GW, the online Masters in Management of Health Informatics & Analytics program at The Milken Institute School of Public Health at George Washington University.
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Intrapreneur final
- 2. • A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product or services through assertive risk taking and innovation. • Intrapreneurs have entrepreneurial skills blended with managerial skills but operate within the confines of an organization.
- 3. • Results driven • Persistent • Ambitious • Influencing • Creative • High Energy • Original • Action oriented • Self Confident • Interpersonal • Risk Tolerant • Innovative
- 4. • Spotting ways to improve product or service • Save time, money, or make life easier • Visualizing variations of current products / services • Realizing new communication avenues with customers • Enhancing the quality • New ways to get the job done quicker or smarter
- 5. • Firms create competitive advantages by discovering new and better ways to compete in an industry and bringing them to market • An enterprise that does not daily innovate inevitably ages and declines • Even in a successful business the disease of bureaucracy and complacency is dangerous • Ideas are vehicles towards advancement • Increased value to organization
- 6. • Encourage employees to be creative and to look for new ways to improve your current way of doing business. • Encourage company wide involvement by insisting on truth and honesty in marketing and marketplace feedback.
- 7. Cont… • Treat intrapreneurial teams as profit centers rather than as cost centers. • Allow team members a variety of options in jobs, in innovation efforts, alliances, and exchanges. • Encourage employees to develop through training programs.
- 9. • One who sets up, maintains and assumes the financial risks of an Internet business venture not to be confused with intrapreneur or the more traditional entrepreneur. • They are the new breed of Internet Entrepreneurs. • Google, Yahoo, MySpace, Facebook, YouTube, eBay.