MBA - HRM Blog 7

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Importance of Intrapreneurial mindset in an organization

Intrapreneurship??

Intrapreneurship also known as corporate entrepreneurship in an existing organization. It was initiated by Susbauer in 1973 after understanding of the concept of entrepreneurship. As (Rekha, et al., 2015) explain intrapreneurship is the entrepreneurship spirit of the employees working in established organization.

 Mindset??

Mindset is the way the brain and the mind of individuals accept processes, analyze or perceive and reasoning to the incoming information through the senses (Yunus, 2014).

(Source: Surbhi, 2017)


Entrepreneurship Vs Intrapreneurship

Table 1: Entrepreneurship Vs Intrapreneurship

Entrepreneurship

Intrapreneurship

Intuitive approach

Restorative approach

Utilize own resources 

Utilize resources from the company

Independent

Dependent on the company 

Enterprise is a newly established

Use existing one

  (Source: Surbhi, 2017)

Develop an intrapreneurial mindset

Intrapreneurship is the skill of acting an entrepreneur within the existing organization that his/ her attitude and mindset is valued and highly encouraged (Clark, 2019) by many succeeding companies in order to make success in the competitive market.

 


Figure  1: Intrapreneurial characteristics for the success (Clark, 2019)

Why Intrapreneurial Mindset Important in an Organization??

 

Current business world is highly competitive where if an individual company fails to update their strategies to attract new customers will face difficulties to sustain in the market. Hence current business conditions in the big companies encourages their employees to become equipped with passion and knowledge as an intrapreneur (Dhewanto, 2013).

Growth; The goal of intrapreneurship is to create an entrepreneurial mindset and infrastructure that require to support the growth. Intrapreneurial employee helps to their organizations to generate new business growth.

Ex: Apple’s Macintosh computer or Mac is a product which brought a significant growth of the Apple’s market which was an innovative product created by the group of intrapreneurs organized by Steve Jobs (Frost, 2019).

Change; Intrapreneurs think differently and they willing to break the rules for the sake of finding new ventures. They are act as change agents. They not just driving but modeling the change so others get onboard. Intrapreneurship accelerate and manage the change.

Ex: The prototype of the “Like” button in Facebook was developed as an intrapreneurship by hackathons

Engagement; Intrapreneurship provides a basement to engage employees in work which is challenging and worthy. This passion and determination make others to involved and try new things (Foley, 2013).

Conclusion

Recent past, the business world gives more value on innovations which leads to rise of new venture year on year. Because world changes rapidly with the advancement in technology which increases the competitiveness among companies in the industry. In the place which companies want to rise above their competitor’s intrapreneurship is sharpen weapon that bring companies to their expected growth and success.

References

Clark, D., 2019. CrossKnowledge. [Online]
Available at: https://www.crossknowledge.com/media-center/news/intrapreneurial-mindset-dorie-clark
[Accessed 23 November 2021].

Dhewanto, W., 2013. Intrapreneurship: Kewirausahaan Korporasi. Bandung: Rekayasa Sains.

Foley, S., 2013. 5 reasons why intrapreneurship is important. [Online]
Available at: https://corporate-entrepreneurs.com/2013/11/08/5-reasons-why-intrapreneurship-is-important/
[Accessed 23 November 2021].

Frost, A., 2019. Intrapreneurship Vs Entrapreneurship. [Online]
Available at: https://blog.hubspot.com/sales/intrapreneurship-vs-entrepreneurship
[Accessed 23 November 2021].

Rekha, S. K., Ramesh, S. & Jayabharathi, S., 2015. Empherical study on the relationship between entrepreneurial mindset and the factors affecting intrapreneurship: A study in Indian context. International Journal of Entrepreneurship, 19(1), pp. 53-59.

Surbhi.S, 2017. Difference between entrepreneur and intrapreneur. [Online]
Available at: https://keydifferences.com/difference-between-entrepreneur-and-intrapreneur.html
[Accessed 23 November 2021].

Yunus, S., 2014. Mindset Revolution: Optimalisasi. Yogyakarta: Jogja Bangkit.

 

 





Comments

  1. M D S PereraNovember 28, 2021 at 7:21 PM

    Dear Thushara a very good and an informative article which emphasize on the importance of intrapreneurship. It would completely transform the organization to a much more competitive organization if strategically placed. I am keen to know the disadvantages of the practise of intrapreneurship as well. Can you please brief?

    ReplyDelete
    Replies
    1. Thushara WattegedaraDecember 19, 2021 at 6:25 AM

      As an entrepreneur is extremely difficult, Many surprising and attracted to the idea of intrapreneurship. It promises the same creative outlet as entrepreneurship with the stability of a traditional career. However, given the additional hurdles faced by intrapreneurs, most entrepreneurs would be better off taking the plunge and launching their business as an independent company.

      Delete
    2. Thushara WattegedaraDecember 19, 2021 at 6:28 AM

      Would like to share some common problems in intrapreneurship such as conflicts, hiring Issues, resource Culture Problems.

      Delete
  2. Vishwa GunarathnaNovember 29, 2021 at 4:03 AM

    According to me Intrapreneur, refers to individuals, sub-organizations, and organizations levels. In addition, in-house ventures have different contexts, such as organizational culture and personal values.

    ReplyDelete
  3. Sanjaya BandaranayakeNovember 29, 2021 at 8:05 AM

    Good explanation. When a employee acting like an entrepreneur within his own company it will create a new business. This is a very good opportunity for an organisation to grow and expand.

    ReplyDelete
  4. N R Waduge. MBANovember 30, 2021 at 7:18 AM

    Really worth article.
    Some one having Intrapreneurial mind sethe must find a platforming organisation for his innovations. Most SriLankans vanish their innovative mind due numerous reasons, but its base is poor governance.

    ReplyDelete
  5. KAMAL C. DIVITOTAWELANovember 30, 2021 at 10:18 PM

    Well explanation.In times of change to succeed in various leadership roles, employees must exceed all expectations in the workplace. This is made possible by having an “Intrapreneurial mindset" will help them innovate, adapt and be resilient to thrive in the changing work environment.

    ReplyDelete
  6. Nuwansiri RathnayakeDecember 6, 2021 at 4:09 AM

    Really useful and good article. Build an Intrapreneurs mindset is a key point of organization which can create more profit, company growth and also for the organizational success as well. well explained and it helped me to get more knowledge through your blog.

    ReplyDelete
  7. Asitha DDecember 6, 2021 at 7:54 AM

    Entrepreneurial mindset is an innovative mindset that is important to come up with innovations. Entrepreneurship is the organization that introduces innovations by taking a risk. However, moving for innovations is important to enhance the organizational performances.

    ReplyDelete
  8. Asitha DDecember 13, 2021 at 5:25 AM

    This comment has been removed by the author.

    ReplyDelete
  9. Chenaka HettiarachchiDecember 14, 2021 at 10:46 PM

    It is a very vital article. Entrepreneurship, the ability to act as an entrepreneur within an organization, is an attitude and mindset that is appreciated and encouraged in many businesses today. Indeed, it benefits both the employees who embody it and the organization by encouraging ownership, creativity and motivation. Tks for sharing.

    ReplyDelete

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