The document compares and contrasts corporate and intrapreneurial cultures. A corporate culture typically emphasizes adherence to instructions, avoiding mistakes and risk, and staying within defined roles. In contrast, an intrapreneurial culture nurtures innovation by encouraging vision, goal-setting, experimentation, responsibility and ownership. While intrapreneurship allows for innovation within large companies, it also faces limitations such as entrepreneurs reluctant to give up control, balancing autonomy with strategy, navigating internal politics, and providing rewards comparable to starting a new venture. The document concludes by outlining elements needed to create an intrapreneurial climate such as resources, and effective short- and long-term reward systems.
The document compares and contrasts corporate and intrapreneurial cultures. A corporate culture typically emphasizes adherence to instructions, avoiding mistakes and risk, and staying within defined roles. In contrast, an intrapreneurial culture nurtures innovation by encouraging vision, goal-setting, experimentation, responsibility and ownership. While intrapreneurship allows for innovation within large companies, it also faces limitations such as entrepreneurs reluctant to give up control, balancing autonomy with strategy, navigating internal politics, and providing rewards comparable to starting a new venture. The document concludes by outlining elements needed to create an intrapreneurial climate such as resources, and effective short- and long-term reward systems.
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The document compares and contrasts corporate and intrapreneurial cultures. A corporate culture typically emphasizes adherence to instructions, avoiding mistakes and risk, and staying within defined roles. In contrast, an intrapreneurial culture nurtures innovation by encouraging vision, goal-setting, experimentation, responsibility and ownership. While intrapreneurship allows for innovation within large companies, it also faces limitations such as entrepreneurs reluctant to give up control, balancing autonomy with strategy, navigating internal politics, and providing rewards comparable to starting a new venture. The document concludes by outlining elements needed to create an intrapreneurial climate such as resources, and effective short- and long-term reward systems.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
The traditional corporate culture differs from an intrapreneurial culture. The guiding directives in a traditional corporate culture are : adhere to the instructions given, do not make any mistakes,do not fail,do not take the initiative but wait for instructions, stay within your turf, and protect your backside. This restrictive environment is, of course, not conducive to creativity, flexibility, independence, ownership, or risk taking-the guiding principles of intrapreneurs the goals of an intrapreneurial culture are quite different: develop visions, goals and action plans; to be rewarded for action taken; to suggest, try, and experiment; to create and develop regardless of the area; and to take responsibility and ownership. Limitations to intrapreneurship
1. Entrepreneurs comfort:Entrepreneurs who have
created the company must let go so that intrapreneurs can operate. (It is about breaking rules which entrepreneurs have created (Young, 1999)
2. Decision-making control:Balance needed between
freedom for the intrapreneur and maintaining the business on a constant strategic path. 3. Internal politics: Intrapreneurs must be able to predict and understand internal resistance to change. “Thrive on chaos” (Tom Peters, 1989)
4. Rewards: Can the organisation offer the same
rewards as those expected by entrepreneurs? (economic, social and developmental). Moves to start own venture? CREATING A CLIMATE FOR INTRAPRENEURSHIP
1. Finding resources for ideas
2. An effective reward system -short term pay benefits 3. An effective reward system -long term pay benefits 4. An effective reward system –education & health benefits 5. An effective reward system -promotion