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.