An Intrapreneur is typically defined as a person who has entrepreneurial traits working in an organization. Developing this trait in employees leads to more innovation and organizational development. So how does one become an intrapreneur? Let’s start by identifying one -
Peculiar traits of an Intrapreneur
Intrapreneurs are bold, ambitious leaders that take the risks to grow in their career. Innovators at heart, these people are drivers of change. They take control and ownership of their work and make the most of the resources they have available.
Intrapreneurs are invested in the business side of the company’s progress as well as the cultural elements. These highly motivated professionals see themselves as part of the core drivers of the business.
Intrapreneurship — A corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.
Identifiers of an Intrapreneur
- Are proactive, resilient, and adaptive
- Challenge the status quo
- Possess refined perception of business innovation
What drives them? — Purpose
Why do companies need Intrapreneurs?
Intrapreneurs drive business innovation within the organization at the micro-level. Embracing the concept of intrapreneurship and encouraging it throughout the company, definitely facilitates growth for the business.
What binds these intrapreneurs to their mission of constantly working towards the company’s growth is the Vision. The company’s vision acts as a guiding light for all their efforts of making a difference. YUJ Designs — UX Design Studio believes in nourishing intrapreneurs and supporting them in their endeavors.
YUJ Designs kick-started an initiative S.L.A.Y. (Stay in the game + Lead by example + Aim to excel + Yearn to succeed). This is a training and mentoring program built for those who wish to be the next-generation leaders in the company. The initiative was appreciated by the employees. The first phase has already turned out successful, and now the management is prepping for the next one soon.
From the experience of the management team at YUJ Designs, here are some of the tips about how should companies enable more intrapreneurs -
- By fostering creativity inside-out
- By unlocking talent from within
- By building a powerful culture of freedom and responsibility.
What are your thoughts on invoking intrapreneurship? Share your thoughts with us in the comments.