Tuesday, February 28, 2023

Intrapreneurinnovation

Intrapreneurship is a good practice to catalyze innovation and unlock business potential.

Running an innovative business doesn’t mean everything goes rogue, practicing intrapreneurship in a large organization also doesn’t mean getting rid of all rules and doing things spontaneously. It is about creating the future via constantly learning, experimenting, discovering, and improving. 

A high-innovative business has more discipline, not less, promoting and sustaining organizational performance, building and renewing corporate competitiveness in a structural way.

Intrapreneur-leaders deploy new ideas, new processes, new adventures to drive change proactively: It takes courage to be an intrapreneur because it's not easy work to face and manage risk, uncertainty, ambiguity, and overcome barriers every day. An entrepreneur's mind is often innovative, being innovative is more important than any specific innovation.

Good intrapreneur-leaders who transform the attitudes, beliefs, mindsets from “we always do things like that,” to become more entrepreneurial-demonstrate “can-do” spirit, that ultimately will cultivate innovative problem-solving capabilities. It’s hard to imagine an entrepreneur never failing before, the ups and down experience make an entrepreneur’s mind open, flexible, resilient, and strengthened. Intrapreneur leaders are not only self-motivated but also motivate teams to cultivate change competency.

Intrapreneurial activities help companies develop new businesses that create revenue streams: Understanding the dynamics, working to influence the dynamics and shaping a good innovation strategy takes attention and energy. Intrapreneur leaders are inflexible about the goal but they are extremely flexible with the options for attaining that goal. They continue to ask thought-provoking questions such as: What’re the alternatives to do things; what’re the upside risks and what’re the downside risks? Etc.

It’s important to take the “intrapreneurs’ spirit to turn the status quo upside down for dealing with uncertainty and practice intrapreneurship. If companies don't make room in the innovation strategy for business initiatives that have significant risks but also potentially significant upside results, it can, in fact, drive creative thinkers out of an organization.

Intrapreneur-leaders deploy new ideas, new processes, new adventures to innovate constantly:
Organizations no matter large or small, all face the unprecedented change, uncertainty, and accelerated business dynamic. Intrapreneur leaders are not only self-motivated but also motivate teams to cultivate innovation competency.

Practicing intrapreneurship means enterprises should cultivate a startup culture, get smarter and flexible in building unique business competencies, enhancing the next cycle of business growth. Intrapreneur is about balancing innovation with other organizational priorities, it presents a possibly even greater challenge and reward by pioneering the development of new products, processes, and services.

Intrapreneurship is a good practice to catalyze innovation and unlock business potential. Being intrapreneurial is first the mindset, then an attitude and skills are the easier part to be developed. Intrapreneurship is a good practice to catalyze innovation and unlock business potential, drive progressive change adventurously.

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