Intrapreneurship

Innovation That No One Talks About

innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea or because they realized something that shoots holes in how we've been thinking about a problem - Steve Jobs

Intrapreneurship on my way to work this morning

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What is it?
the term coined in 1985 to describe entrepreneurs inside companies corporate entrepreneurs innovators - employees (and contractors) with entrepreneurial tendencies
http://www.youtube.com/watch?v=C2YZnTL596Q

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If not for the Intrapreners of Apollo 13, we would not have

and that doesnt even touch all of Kevin Bacons significant contributions to mankind.

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What can you do with the resources you have at work right now to solve your clients challenges?

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MasterCard is not a financial institution. It's a technology company that provides networking, data storage, software, analytics, security and related services for financial institutions. On Black Friday, MasterCard handled 2,000+ U.S. transactions per second 200+ countries and territories transactions 140 million+ global transactions per hour all this at an average response time of 140 milliseconds per

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Large companies such as MasterCard innovate by making it a part of the internal culture and recognizing that great ideas also come from outside. "For executives who want to secure growth through innovation, the answer lies in recognizing the limits of their organization and empowering groups to function with very different goals and operational metrics.

- Maxwell Wessel, Harvard Business Review

Intrapreneurs
Who are they?

You might be an intrapreneur if

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you come to work each day willing to be fired but you are not there to make waves.

you share credit widely.

you do any task needed to make your project work, regardless of your job description.

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You might be an intrapreneur if
you find people to help you. you are true to your goals but realistic about the ways to achieve them. you never bet on a raceunless you are running in it. you live by It is easier to ask for forgiveness than for permission.

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You might be an intrapreneur if
you follow your intuition on people you choose on your teams and work only with the best. you honor your organizations resources (ask for advice before asking for resources & express gratitude for them). you bend the rules or circumvent bureaucracy while keeping the best interest of your organization and clients in mind.

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Score yourself: 8 10: Intrapreneur 5 7: Intrapreneur in the making 0 4: Kevin Bacon

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The Innovative Organization
Long Term are more profitable and sustainable

Have innovative & well-read managers & leaders

Know their market and clients qualitatively & quantitatively

Due to the work of intrapraneurs!

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But, my organization isnt innovative. Really? Well, maybe
your industry is your competitors arent, or you are

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Considerations on becoming more intrapreneurial
breaking barriers of group-think learning to think with courage and imagination (just like an entrepreneur) interaction with entrepreneurs to challenge the boundaries of traditional thinking and processes jump start work teams therefore innovative corporations effective work teams share a common vision self-confidence in your ability to think creatively and your teams ability to think creatively and freely

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More considerations on becoming more intrapreneurial
The Product, Service, or Process Improvement Corporate Fit The Marketing and Sales Plan Operations Plan Summary of Risks Targets/Milestones Financial Statements Managerial Issues

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Unleashing the Intrapreneur within
Ask to be on a team at work (dont just ask for solo projects) If you cant seem to be intrapreneurial at work, volunteer! When volunteering for a nonprofit, start at the Committee or Event level In your coursework, solve a problem at work or in the community Take calculated risks (think scenarios through) Commit to yesthen figure out how and who (who = you!)

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Last word (for now) on Intrapreneurship Remember that
Intrapreneurs are people Intrapreneurship can be learned Organizations (based in their teams) can become more intrapreneurial Organizations need intrapreneurial thinkers to move forward

Happy IntrapreNewYear!
the UW-Green Bay Small Business Development Center located in the Advance Business & Manufacturing Center No-cost business planning and low-cost leadership training for small business owners and their teams in the New North 2701 Larsen Road, Green Bay, WI 54303 (920) 496-2117 sbdc@uwgb.edu http://www.uwgb.edu/sbdc @uwgbSBDC Ryan Kauth kauthr@uwgb.edu @ryanKauth www.linkedin.com/in/ryanKauth