The Common Challenges of IntrapreneurshipWhat makes an Intrapreneur?
Being an Intrapreneur within an organisation can be frustrating, it can be lonely, and it can, in some instances, make staff want to leave.
Our workshops can help overcome all these feelings and more.
In our training courses and workshops, we take staff through exactly what its like to be an intrapreneur, how they can make a difference to the organisation and the challenges they are likely to face.
CONFLICT OF STRATEGY
Intrapreneurs often start by solving a long-standing problem missed or ignored by the organisation. They identify opportunities and pull resources together to execute them. But sometimes, the strategy employed may not align with that of the organisation.
While some companies are open to intrapreneurship, others are not. That’s because it requires a dramatic shift in the organisation’s culture, thinking, and management style.
The structural and operational complexity of many organisations makes intrapreneurship difficult. There’s always a conflict of strategy whenever someone wants to try a new thing within an organisation.
The complexity often makes it difficult to move quickly within an organisation. A new idea or strategy has to get through bureaucratic processes before any company accepts it.
Frustratingly, intrapreneurs don’t have the autonomy to try new things. They must seek approval.
IT’S CHALLENGING TO CHANGE A BUSINESS CULTURE
One of the biggest challenges of intrapreneurship is changing the way people within an organisation think. It is not easy to get people to see things from a different perspective, especially if they aren’t flexible.
However, Intrapreneurship is about exploring new ideas or approaches to solve issues that companies face. But getting people to accept new opinions is not an easy task. And it proves more difficult if it’s a new business.
When an organisation adopts a strategy over a long period of time, it becomes the norm, it’s the accepted way of ‘doing things’. Plus the strategy will become part of every employee’s culture. Of course, they may not want to try something new, even if the existing strategy seems ineffective. Sadly, this makes it challenging to implement changes in such an organisation. This is when the attrition rate skyrockets, and senior management aren’t sure why.
Generally, it’s not easy to change an existing company’s culture. It requires everyone to work hard and develop innovative ideas that are convincing enough to effect change.
INABILITY TO MEET EXPECTATIONS
Another common challenge of intrapreneurship is the inability to meet expectations. Companies are more concerned about getting immediate results than looking at the bigger picture, especially now.
Short-term results drive companies and they give little or no room for failure. Unfortunately, innovation and creativity always happen after many failed attempts. Amazon are a prime example.
But when companies give no room for failure, intrapreneurs won’t want to take bold, innovative steps and this could affect performance in the long run and ultimately their positions.
Therefore, it’s almost impossible to develop creative ideas as an intrapreneur if the pressure and expectations are high.
IT’S ALWAYS CHALLENGING TO FIND SUPPORT
You need two kinds of support to survive as an intrapreneur – financial and management support. Without adequate financial aid, you can’t get sufficient funding to make innovative exploration.
Similarly, without adequate support from the management, you won’t get the necessary independence to manage the organisations expectations.
THE ENTREPRENEURS MINDSET
If your organisation is supportive, your intrapreneur’s will succeed and grow, as will the organisation. If you’re not then…
We have created a series of business workshops designed to fit your team’s needs that will drive real change within your organisation.
Get in touch today and make sure you’re ready for the change that’s coming within your organisation.
Why should an organisation embrace intrapreneurship?
If you’re not thinking about how intrapreneurship can help to grow your organisation and make it more profitable then you should be. Here’s why:
IT INCREASES BUSINESS PRODUCTIVITY
Intrapreneurship focuses mainly on the operations of the company. And it allows your employees to come up with innovative solutions to problems that hinder productivity and growth.
With intrapreneurship, your employees are more motivated and goal-oriented. Also, it helps you keep track of workflow and consistently create ways to improve your company’s overall production.
IT BRINGS ABOUT INNOVATION
Intrapreneurship brings about innovation and helps you come up with effective changes in your business. It enables you to recognise the right strategy that could help grow your business.
IMPROVES THE BUSINESS PROCESSES
One of the functions of an intrapreneur is to investigate problems and suggest creative ways to fix them. This helps bring about improvement in your company’s processes and systems. It helps to reduce any interference that might slow down your business output.
You’ll identify strategies that need improvement and evaluate how you can improve them. Intrapreneurs help you to rise to challenges by suggesting effective business models that will bring success.