Saturday, December 19, 2020

Initiating Intrapreneurship

Intrapreneurship has been recognized as potentially viable, it means for promoting and sustaining organizational performance, renewal and enforce competitiveness.

Within abundant information and emergent digital technologies, IT is a key component of holistic business mindset to re-imagine “what is possible” - unleashing business potentials and improving business efficiency, effectiveness, agility, and maturity. 

The “art of possible” to reinvent businesses in the digital age is to deliver the value of information in helping businesses grow, delight customers and do more with innovation.

Inspiring Intrapreneurship 

Intrapreneurship With increasing pace of changes and fierce disruptions, modern businesses have to make many tough choices in its growth-maturity business journey. For many companies across the vertical sectors, especially those large traditional corporations, entrepreneurialism becomes a new fixture for management in their efforts to spark creativity, substantiate competitive positions, affect the market landscape, and drive new revenue growth.

Inspiring Intrapreneurship The heart of entrepreneurship is about changes, organizations no matter large or small, all face unprecedented change, uncertainty, and continuous disruptions. Thus, they have to keep reinventing themselves, exploring emerging business opportunities, substantiating their competitive position, affecting the market landscape, and driving business growth in a structural way.

IT Intrapreneurship The digital organization is technology-driven and information-intensive, IT needs to become the linchpin to integrate people, process, and technology into differentiated business competency such as innovation. The art of innovation is to connect wider dots for creating new ideas; the science of innovation is to take a structural approach to innovation management. Thus, IT is the hub to bridge the art and science of innovation. Nowadays, IT is the business in the business and the digital engine of the entire organization. The role of the CIO continues to evolve rapidly in the midst of the information in digital transformation. Forward-looking IT organizations should practice intrapreneurship for running IT as a software startup, promoting and sustaining organizational performance, renewal and corporate competitiveness.

Intrapreneur-Leadership Intrapreneur leaders present solid leadership attributes such as “full open communication,” “integration,” “ownership,” “digital readiness,” “self-adaptation,” and "resilience." Corporate Entrepreneurship or intrapreneurship has been recognized as potentially viable, it means for promoting and sustaining organizational performance, renewal and enforce competitiveness. Being entrepreneurial is first the mindset, then an attitude and skills are…

Initiating-entrepreneurship Many established large organizations are struggling with innovations, due to the lack of the culture of innovation or the internal business capability & capacity to support it. Especially for business model innovation, it runs up against a "not now, later" obstacle. As a business leader, you know you may be vulnerable and should do something, but you also know that, by definition, such innovation will be disruptive to the current business. So what are the strategies and methodologies to advocate business model innovation? Can corporate entrepreneurship be seen as a business model innovation?

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