Friday, February 11, 2022

Innovateintrapreneurleadership

Business leaders and professionals should think as an intrapreneur and act as a startup manager.


Intrapreneur leadership is the unique combination of "out-of-the-box" mentality and leadership behaviors that achieve high quality and meaningful results over a sustained period of time.

 Compared to traditional managers, intrapreneur leaders usually have an open mind, show flexibility, break down outdated rules, advocate innovative problem-solving, and present resilience. Intrapreneurship is a good practice to catalyze innovation and unlock business potential. It requires clear vision, a strategic mindset, “can do'' spirit and a cohesive set of innovative activities and practices.

Intrapreneur leaders are open-minded and confident to take the path perhaps no one ever takes before: Intrapreneurs are dynamic people to envision the digital trends, demonstrate inquisitiveness to explain big why, and articulate the strategic rationale behind the venture clearly. Intrapreneurship is about discovering the new path for entrepreneurship, or the large-scale business transformation, balancing innovation with other organizational priorities, to focus on the top line business growth and catalyze changes.

Innovation is risky, intrapreneurs need to have the right dose of risk tolerance attitude, and show resilience to fail fast and forward. As intrapreneurship requires leaders to spend time on thinking and acting strategically, communicate to suit situations so as to craft strategies and make things happen, explore “systemic” factors for making good decisions in every crucial turn or twist in innovation management. Many entrepreneurs taste risk as bitter experience and show resilience to recover: Failure + Quantity = Success.

Intrapreneur leaders are not only self-motivated but also motivate teams to cultivate changeability and innovation:
Intrapreneurship is about creating a new venture from within established organizations to advocate startup culture for catalyzing changes and inspiring innovation. The biggest source of innovation within a company is built on culture - the collective mindset, attitude, and behavior. Intrapreneur leaders understand that it is the process, instead of maintaining hierarchy, will enforce creativity and harness systematic innovation management.

Intrapreneur leaders with an ownership mentality have better self-awareness, are able to break down silo mentality, encourage idea sharing; deploy new ideas, new processes, and new adventures to adapt to change, bring optimism to influence the organization’s culture, break down bureaucracy, idea bottleneck, linear knowledge box, take generative, iterative, integrative, and holistic approaches to run the new venture, and have passion to run an innovative organization.


Intrapreneur leaders advocate an “every individual as a stakeholder” culture:
Business intrapreneur leaders deploy new ideas, new processes, new adventures to adapt to change, and facilitate cross-boundary collaboration. The healthy intrapreneurship activities help to engage employees, equip people with “ownership” mentality, motivate people to solve problems in alternative ways, pioneer the development of new products, processes, services, and business models through enriching its competitiveness, driving new business revenue growth, and reaping the benefit from innovation activities.

Organizations have limited assets, resources, talent and time, practicing intrapreneurship means enterprises should get smarter and flexible in building capacity and developing dynamic capabilities and building unique business competencies. Practicing intrapreneurship in large enterprises also needs to strike the right balance between stability and agility, process and creativity; standardization and personalization.

Business leaders and professionals should think as an intrapreneur and act as a startup manager, initiate intrapreneurship practices to make sure there’s a steady flow of ideas flowing in the pipeline, rejuvenate business models, renew fresh energy, improve risk intelligence, manage innovation in a structural way, and enforce unique business competency.






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