What is intrapreneurship and why is it important?

What is intrapreneurship and why is it important?

Intrapreneurship is gaining popularity as companies aim to create a culture of innovation, drive growth from within, and promote employee engagement. Intrapreneurs take on entrepreneurial qualities within the organization, transforming ideas into profitable processes or new business, driving the company forward. In the aftermath of the COVID-19 crisis, crisis management practices, including intrapreneurship, have become essential for companies to reduce risk and maintain their economic balance. Promoting an intrapreneurial culture within the company encourages collaboration, openness, and learning by doing, while also breaking down silos and crowdsourcing solutions from your internal resources.

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More Innovation Resources:

How to facilitate a Third Horizon revenue growth session Dr Ken Hudson

The Third Horizon framework emphasizes the need for leaders to focus on three horizons simultaneously for innovation and growth in their business.

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Innovate on Purpose: Six million dollar innovation

Innovation will be faster, better, smarter and done with partners in the future. We need to use data, new technologies and ecosystems to survive.

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6 essential skills to be a disruptive intrapreneur

Successful intrapreneurs possess a startup mentality, business maturity, project management skills, knowledge of the internal and external environment, stakeholder management abilities, and the willingness to be fully dedicated to the project.

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