The Benefits Of Intrapreneurship

818 Words2 Pages

Set 1 Q2 what is intrapreneurship? How can a business organisation incentivise it and benefit from it? In the essay the author will explain intrapreneurship, how a business can incentivise it and the benefits of using this concept. The essay will incorporate real examples to support the content given. Intrapreneurship is simply explained as the ‘people within a business creating or discovering new business opportunities, which leads to the creation of new parts of the business or even new businesses.’ – tutor 2U Google is an example of a business that employs an intrapreneurship approach, giving staff time for personal projects. As a result, Gmail was created and launched in 2004. Currently Gmail is one of the world’s most popular webmail This is the simplistic idea of having a small notepad with a sticky edge to easily attach to other pages or walls. It became a huge success and evolved from an intrapreneur and its name is a well-known house hold term. Therefore, progressive organisations can receive the benefits of their employee’s creations and innovations. (Virgin, 2017) Business organisations can benefit from unique viewpoints and ideas from their intrapreneurial employees. Often these progressive ideas may have the ability to drive the business further. Furthermore, the determined employee will reap precious experience and confidence to autonomously pursue their ideas and develop the business in the future. To conclude, the author feels intrapreneurship is beneficial to progressive business organisations as it uses their employees’ knowledge and ideas for new developments or solutions to a problem. However, there may be drawbacks to the employees. For example, they receive compensation for their creation, but the profits from their ideas goes to the business and not the individual. This can mean they are missing out on a lot of capital. Focusing on the benefits to the business organisation, this is a very important concept for them to gain their maximum potential profits and the success of the business as a

Show More
Related

  • Case Study Of Connor, Clark And Lunn Investment Management

    859 Words  | 2 Pages

    We can call this model as multi-boutique model (Exhibit 5): While IM consisting of multiple partners, who could stay small size in order to make investment decisions that produced good performance, FG could organize all the non-investment functions – such as distribution (Sales &Marketing), administration, accounting, Legal& compliance, IT. FG would act as a common operating platform for all affiliates to compete with global competitors and help the firm to grow larger and faster.

    Read More

  • Steven Kerr

    1467 Words  | 3 Pages

    ...resent diversity within the labor force and “each of them will also have networks of professional associates whose knowledge they can tap in order to solve problems and accomplish tasks. Needless-to-say, diverse people will have diverse networks and provide your company with a vast and diverse meta-network at your disposal” (p.1). In short, in supporting of creativity, innovators essentially need the backing from top leaders, and without that support, many initiatives may break down or die on the vine (Harvard). For any idea to be successful, it is vital that it is aligned with company strategy; there is more likely to occur naturally when top executives involve and take the lead with a idea or creativity initiative and this is a main reason why management commitment is a key factor in the accomplishment of any idea or innovation process (Baumgarther, 2010).

    Read More

  • Case Study Analysis: IDEO Product Development

    1535 Words  | 4 Pages

    The skill abilities of team members within IDEO reflect the company’s doctrine of open innovation and the benefit of assembling those diverse teams. From their clients IDEO assimilates best practices and then integrates these practices back into their own business and proces...

    Read More

  • Influence Of Internal And External Influences On Business

    889 Words  | 2 Pages

    A business can either take a step forward or a step back depending on the external and internal influences and how they handle them, they can either flourish or enter stages of degradation and cessation. External and internal influences on a businesses plays a part in the opportunities that arise in the industry the business operates in, otherwise the business may choose to venture out of it’s defined industry depending on the opportunities at hand. Businesses are affected by internal and external influences to a degree where they are either benefiting or suffering from the way they handle opportunities that arise. The five articles depict the problems encountered by businesses no matter their size or industry.

    Read More

  • Dilemma between Autonomy and Direct Control within Mangerial Control in Current Organisation

    2533 Words  | 6 Pages

    Management control strategy is not a one dimensional formulae of labour controlling, other than controlling employees, it is also about exploiting employees' discretionary effort and creativity as a prime interest. In the Webboys article, Barrett (2004: 787) demonstrated how different strategies have been manipulated separately and simultaneously to control the labour process of developing primary software. This essay is going to investigate various directions of management strategies, which incorporate with radical approaches of control in response to the dilemma between offset the notions between "direct control" and "responsible autonomy dichotomy" (Friedman in Barrett 2004: 38). Based on the argument that there is "no best way" (Hyman in Barrett 2004: 38) of management strategies, which Barret contend in the Webboyz case study. This essay is concerned that autonomy can never be fully implemented without direct control. Furthermore, we can never separate the various management strategies fads with their perpetual aim- controlling employees to achieve the best result. I will examine the particular approaches of classical scientific management has been applied to the fast food industry, in terms of controlling by financial incentives, rigid task design. Therefore, team is sought to be a "substitute for a more indirect forms of integration and supervision."(Fulop and Linstead1999:220)

    Read More

  • Google's Organizational Culture and Success

    1833 Words  | 4 Pages

    ...ip rotating…etc. They have also set up the self directed projects. Employees can thus spend a part of their time in creating and developing their own projects. Larry and Sergey based themselves on their own experience and permitted to their employees to have also a personal project. They also gave a big autonomous to their project teams, that participate to provide horizontal communication, and thus the share of experiences.

    Read More

  • UNRIOS Analysis Of UNICEF

    974 Words  | 2 Pages

    Pitts and Koufopoulos (2012) argue that resources and capability are highly important internal factors that should be taken into account by the organization in order to obtain the successful performance in the long run.

    Read More

  • How to Foster Breakthrough Innovation for 3M Way

    1482 Words  | 3 Pages

    Entrepreneurship and Intrapreneurship has been an essential part of 3M culture. Evolutionary spin-offs have developed a key...

    Read More

  • Interbrew

    1121 Words  | 3 Pages

    The interbrew corporate strategy focus on main three areas that are operations, market and brands. Its also known as the interbrew triangle. Each of these areas are equally important for a firm to achieve their desired goals. one of the main object of the interbrew was that to increase the share holders value . (Beamish, 2014)

    Read More

  • Intrapreneurship Case Study

    1180 Words  | 3 Pages

    Many large organizations are realizing that they need to be more innovative and flexible. Intrapreneurship has become more important nowadays for organizations. Intrapreneurship helps organizations to a transformation of dreams into reality. This essay will describe the intrapreneurship and compare the differences between Intrapreneurship and Entrepreneurship and show some examples from the business world. It will further explain why larger organizations are pursuing an agenda of intrapreneurship. In addition, it will look at the difficulties of developing of an intrapreneurial culture. Finally, it will suggest strategies which could be adopted in pursuit of an intrapreneurship culture.

    Read More

  • Case Study Analysis: BlackBerry

    2292 Words  | 5 Pages

    No company that falls behind the competition is guilty of standing completely still. But sometimes our efforts fail because of the level of commitment to change. – Tom Kelley and David Kelley Organizational Issue BlackBerry, formerly known as Research in Motion (RIM), was a market leader and innovator for smartphone products. The business and government sectors found the BlackBerry device particularly useful because of its email capabilities, superior security system, and convenient keyboard. As the smartphone industry began to shift its focus towards the average, everyday customer, competition increased, and BlackBerry’s first-mover advantage began to decline.

    Read More

  • Microsoft’s Diversification Strategy

    2728 Words  | 6 Pages

    This essay will utilise the following structure. It will commence by providing the reader with a brief history about Microsoft and then go onto explaining what corporate strategy is. Following this will be Microsoft’s diversification strategy in parallel with the reasons why they choose to diversify. Within this section the author plans to explore Microsoft’s related diversification approach, their corporate rationale, alongside why skill transferring is essential to them sustaining a competitive advantage and also how they achieved and utilized economies of scope (EOS). In the section regarding reasons why Microsoft chooses to diversify will be notions of proactive and defensive reasons, along with the idea of increasing market power and spreading risk. Then finally, a conclusion will follow summing up Microsoft’s overall ability to sustain a competitive advantage.

    Read More

  • Dell's Competitive Strategy

    2470 Words  | 5 Pages

    18. Rugman, Alan M. and Collinson, Simon. International Business 4th Edition. Essex : Pearson Education Limited, 2006.

    Read More

  • The Contribution of Strategic Management and Strategic Thinking Processes to Organisational Performance

    1697 Words  | 4 Pages

    It is important for organisations to achieve their goals, as this can assist them to reach a competitive advantage, which is a highly attractive position for a firm to be in.

    Read More

  • Characteristics of Successful Entrepreneurs

    1006 Words  | 3 Pages

    Dollonger, M. J. (2002). A framework for Entreprenership. In M. J. Dollonger, Entrepreneurship strategies and Resources (pp. 5-6). New Jersey.

    Read More

More about The Benefits Of Intrapreneurship

Open Document