Approach Intrapreneurship Challenges With These Measures

It is quite of a challenge to create a platform for employees where their entrepreneurial spirits takes its full flight within the confines of an organization. So, today we are going to discuss the top challenges and its solutions that could be implemented for Intrapreneurship.

Challenges On the Road To Intrapreneurship

One of the greatest challenges facing Intrapreneurs is finding an organization that has the entrepreneurial mindset and infrastructure to support what they do and how they do it.

Entrepreneurship for many organizations is etched in words, not actions. The intent is there, but it is the entrepreneurial leadership and operational support that is missing.

This makes it more difficult for Intrapreneurs to succeed. They must not only deal with the nuances of building a new business, they must also

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deal with the obstacles that the current operating environment puts in their way.

Intrapreneurs often find themselves trapped in organizations that claim they are entrepreneurial when in fact they are not. Finding an organization that truly embraces entrepreneurship is difficult.

Knowing what to look for is critical for establishing intrapreneurship. So here are some measures that could be undertaken to tackle these challenges.

Support

It is important to show employees that their entrepreneurial behavior is supported and fostered, which includes an open culture in which they are not afraid of sharing their ideas.

Autonomy and Responsibility

Manager need to offer autonomy, encouraging employees to create independent solutions to challenges instead of adhering to established command lines. Furthermore, control mechanisms and bureaucracy have to be reduced to allow for new processes that make good business sense.

Motivation and Incentives

The motivation of employees is of crucial importance. Since they are strongly intrinsically motivated, financial rewards based on their entrepreneurial performance are important, but not sufficient. Managers have to acknowledge and cherish ideas while tolerating mistakes and failures.

Resources

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Employees need time and resources in order to come up with innovations. The most famous of this Google’s “20% Rule”, in which employees are allowed to spend one day per week on a project that is unrelated to their work.

Communication

Managers should make sure of fostering an open exchange of ideas within the corporation, as well as with external experts, and implement tools such as idea exchange platforms.

Structure and Process

Entrepreneurial companies have a decentralized structure, where managers delegate decisions to the lowest possible level to ensure that they are made by those with the most knowledge. Cross-discipline projects, improving problem-solving quality and speed through combined experiences can further increase the amount of knowledge.

Conclusion

Intrapreneurs are more effective if they are given the tools and infrastructure they need to enable them to do what they do best, drive new business growth. Organizations that attempts to promote intrapreneurship must work along six dimensions: strategic intent, people, process, place, entrepreneurship and outcomes.

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