How to Succeed as an Intrapreneur in Your Company
The vast majority of U.S. employees are convinced that they possess at least some entrepreneurial qualities, and most of them said they can take advantage of these instincts at their job, according to a recent survey from the University of Phoenix School of Business. When such practices are put in play within a corporate structure, it's often referred to as "intrapreneurship." Many of today's professionals appear eager to help advance their employer's strategies through their own self-initiated proposals. However, they also feel that their organization could do more to encourage this sort of environment: Survey participants would like to see more opportunities for creative thinking, for example, while earning financial rewards for intrapreneurial efforts. They'd also like their executive leaders to invite them to address organizational challenges. "Companies stand to benefit greatly from intrapreneurs because they have the innovative mindset of a traditional entrepreneur," said Lena Rodriguez, program dean of the university's School of Business. "By engaging employees who demonstrate entrepreneurial ambition, organizations can capitalize on the intrapreneurs' proactive pursuit of opportunities to shake up the status quo with the goal to improve business systems from the inside out. … It's a win-win for both the employee and employer." As part of the research, the university offers best practices for employees who want to pursue intrapreneurship, and we've adapted some of those here. More than 900 U.S. workers took part in the research.