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What is an intrapreneur?
An intrapreneur is an individual within a larger company who is given the autonomy and responsibility to innovate or develop new ideas, products, or projects. Essentially, an intrapreneur functions like an entrepreneur but within the confines of an existing organisation.
Key characteristics and features of intrapreneurship include:
- Innovation: Intrapreneurs look for opportunities to create novel solutions or improve existing processes within the company.
- Risk-Taking: Like entrepreneurs, intrapreneurs take calculated risks. However, since they’re within the umbrella of a larger organisation, the nature and scope of these risks might differ.
- Autonomy: Intrapreneurs often have the autonomy to make decisions and pursue projects without the constant oversight of higher-ups.
- Support: They typically have the backing of their organisation in terms of resources, capital, and manpower, making it easier for them to test and implement their ideas.
- Alignment with Company Goals: While intrapreneurs have a lot of freedom, their projects and innovations are usually aligned with the broader goals and vision of the company.
Organisations that promote intrapreneurship often benefit from increased innovation, adaptability, and a competitive edge in the market. On the flip side, employees benefit from the opportunity to explore their entrepreneurial side without the typical risks associated with starting a new business.
At TEG, we are passionate about helping large corporate organisations unlock their potential for growth and innovation.
We believe that every organisation has the capacity for entrepreneurial thinking and action. It takes a deliberate effort to develop and nurture this culture.
Our approach is focused on providing you with the resources, processes, and environment that will support, motivate, and engage your team in entrepreneurial thinking. By leveraging our experience as corporate entrepreneurs, we can help you identify and develop the competencies needed to create leaders who contribute to your organisation’s success.
We understand that creating a culture of learning, failure, and growth is not always easy, and we know it’s worth it.
Organisations that embrace this mindset see higher levels of productivity, innovation, growth, and financial returns. And we’re here to help you get there.
At TEG (The Entrepreneurial Group), we set the standard for innovation and growth, and we’re excited to work with you to unlock your organisation’s potential.
Let’s work together to create a culture of entrepreneurial thinking and action that generates new revenue and growth.
The process to encourage growth and innovation
1. If a member of staff said they had a sure fire way of adding 20% to your bottom line, or an innovation that will help propel your organisation to the next level, do you have the processes in place to make this happen?
2. Does your company have a recognised process for testing new ideas, to find out if they will work or not?
3. Does your company have the required management tools to scale up an idea up to maximum impact, even if it doesn’t align with the company culture and processes?
4. Does your company embrace the innovation and creativity of every single one of its employees?
Speak to us today to get this process in place.