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Intrapreneurship

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Intrapreneurship

  1. 1. Developing Intrapreneurial Mindset Tathagat Varma Founder & CEO h<p://thoughtleadership.in Picture: h<ps://manuverbisnis.files.wordpress.com/2012/05/intrapreneur.jpg
  2. 2. Topics Who is an intrapreneur? What is intrapreneurial mindset? How does one nurture it?
  3. 3. About me… Solve high-end problems in Strategy, Agility, InnovaSon and Leadership Fun fact: Stayed at AntarcSca for 16 months J My book “Agile Product Development” comes out on 1-Dec!
  4. 4. OrganizaSonal realiSes…!!!
  5. 5. Why? Large companies lose agility Focus is on execuSon Most innovaSon is top-down
  6. 6. “Intra-Corporate Entrepreneurship” – Gifford Pinchot and Elizabeth Pinchot, 1978 “Today's large corporaSons are suffering from size. They are so large that the managers making decisions are o6en isolated from a personal knowledge of the problems to be solved. The tradiSonal answer for this situaSon is decentralizaSon. Unfortunately, decentralizaSon alone is not enough. In a hierarchical organizaSon, promoSons can be won by social graces, loyalty to one's boss, and in general, poliScal skills. Courage, original thought, and ability to observe the obvious but overlooked fact., do not necessarily lead to success. If we are to get really good problem-solving in our decentralized corporaSon,- we must introduce a system that gives the decision to those who get successful results., not to the inoffensive. Such people will be willing to take moderate risks and will be more concerned with achieving results than with gaining influence. These are among the characterisScs of the successful entrepreneur. What is needed in the large corporaSon is not more semi-independent departments run by hard-driving yes men'. but something akin to free market entrepreneurship within the corporate organiza@on. Such a new way of doing business would be a social invenSon of considerable importance, both for the individuals in it, and for the producSvity and responsivity of the corporaSon.” h<p://www.intrapreneur.com/MainPages/History/IntraCorp.html
  7. 7. The original intrapreneur(s)…? 1968:Spencer Silver discovers a glue that won’t sSck! For next 5 years, he promotes a “soluSon without problem”! 1974: Art Fry finds a “problem” for Dr. Silver’s soluSon! 1977: 3M launches “Press n Peel”. Unsuccessful effort. 1980: Post-It Notes were launched. Great success.
  8. 8. Intrapreneur? •  “A person who drives growth through innovaSon, creaSve imaginaSon, and pioneering of new ideas; an entrepreneurial employee who exploits the opportunity at hand for the wellbeing of the company and its stakeholders,” h<p://www.theceomagazine.com.au/news/ intrapreneurial-leadership-fine-balancing- act.html#sthash.v63GH1es.dpuf •  Bo<om-up innovator •  Bring change from within…
  9. 9. Intrapreneur vs. Entrepreneur OrganizaSon “…Hmm…how can I solve it be2er?” “…Hmm…what can I solve be2er?”
  10. 10. Behaviors Disruptors Operate out of comfort zone CompeSSve Passionate Independent ImaginaSve Risk-taking Persistant High energy IniSaSve- taker Experimenter Learner ImpaSent / sense of urgency Frame the problems differently Ignore what others think of them
  11. 11. Challenges they face Constant criScism Frequent setbacks OperaSonal constraints (resources, day job) Unlike entrepreneurs, no incubators / accelerators Oqen not the tradiSonal “HiPo / Talent” Can be seen as bit “rough”
  12. 12. Org support needed Culture that support experimentaSon Culture that embraces failures Encourage autonomy Challenging of status quo
  13. 13. The Intrapreneur’s Ten Commandments – Gifford Pinchot h<p://www.pinchot.com/2011/11/the-intrapreneurs-ten-commandments.html
  14. 14. …and some more recent addiSons! Ask for advice before asking for resources. Express graStude. Build your team; intrapreneuring is not a solo acSvity. Share credit widely. Keep the best interests of the company and its customers in mind, especially when you have to bend the rules or circumvent the bureaucracy. Don't ask to be fired; even as you bend the rules and act without permission, use all the poliScal skill you and your sponsors can muster to move the project forward without making waves. h<p://www.pinchot.com/intrapreneuring/
  15. 15. References •  Intra-Corporate Entrepreneurship, h<p://www.intrapreneur.com/MainPages/History/IntraCorp.html •  Intrapreneurial Leadership is a Fine Balancing Act, h<p://www.theceomagazine.com.au/news/intrapreneurial- leadership-fine-balancing-act.html •  To Change A Company, You Need Intrapreneurs, h<p://www.fastcoexist.com/1681203/to-change-a-company-you- need-intrapreneurs •  The Mindset of Entrepreneurs and Intrapreneurs, h<p://orgchanger.com/2014/10/21/what-is-mindset-of- entrepreneurs-and-intrapreneurs/ •  The Rise of The Intrapreneurs, h<p://www.fastcoexist.com/1680655/the-rise-of-the- intrapreneurs

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