Entrepreneurial &

Intrapreneurial Minds
 Entrepreneurial Process
 Definition
 Identify and Evaluate the Opportunity
 Get information
 Length of opportunity
 Window of opportunity
 Real and perceived value
 Risks and returns
 Personal goals and skills of entrepreneur
 Uniqueness
 Opportunity assessment
 Entrepreneurial Process

 Develop Business Plan

 Determine the Resources Required
 Manage the Enterprise
 Managerial v. Entrepreneurial
Decision-making
 Managerial styles= administrative domain
 Five areas
 Strategic orientation
 Commitment to opportunity
 Commitment to resources
 Control of resources
 Management structure
 Causes for Interest in
Intrapreneurship
 Social aspects
 Competition
 Four Key Elements of Intrapreneurship
 New business venturing
 Organizational innovativeness
 Self-renewal
 Proactiveness
Corporate Culture v. Intrapreneurial
Culture
 Corporate Cultures
 Reward conservative decision-making
 Wait for instructions
 Don’t fail
 Collect as much information as possible, or do not act
 Intrapreneurial Culture
 Trial and error
 Reward for actions
 Encourage new ideas and actions
 Climate for Intrapreneurship

 Operate on Technological Frontier

 New Ideas
 Trial and Error
 Failures Allowed
 Resources Available and Accessible
 Multidiscipline Teamwork Approach
 Climate for Intrapreneurship

 Long-Term Horizon
 Volunteer Program
 Reward System
 Sponsors and Champions Available
 Support of Top Management
 Intrapreneurial Leadership
Characteristics
 Understands the Environment
 Is Visionary and Flexible
 Creates Management Options
 Encourages Teamwork
 Encourages Open Discussion
 Builds a Coalition of Supporters
 Persists
 Establishing Intrapreneurship in
Organizations
 Get Management Commitment
 Identify Ideas and Areas of Interest
 Use Technology for Flexibility
 Train Employees with Interested Managers
 Develop Ways to Get Close to Customer
 Be More Productive with Fewer Resources
 Establishing Intrapreneurship in
Organizations
 Establish Strong Support Structure
 Tie Rewards to Performance
 Implement Evaluation System
 Problems and Benefits of
Intrapreneurship
 Problems
 Performance

 Benefits
 Resources

 Successes
 3M, HP, IBM