TACKLING IDEAS THAT INTERSECT INDUSTRIES
In our latest project – the Intrapreneurship Programs Lab, through the cross-pollination of ideas and resources, we are finding the real pain each of our participants are experiencing. These are the people driving entrepreneurial spirit and running intrapreneurship program within their organisation. They come from different industries. They are the ‘catalyst’ to corporate culture transformation, and the drivers to spur economic growth.
The struggle to implement intrapreneurship program
Struggles really come from insecurity and lack of confidence which is often due to lack of knowledge and information. If you have all of the bricks and mortars to innovate, there would not be that much struggle, except for finding your resources which form the bricks and mortars. So where do you find resources? How do you know the resources you find are the right ones at the right point of time? That’s right, you probably need a proven and clear structure in place to give you a clear picture on how you could implement a successful intrapreneurship program within your organisation.
Every organisation has their own approach
Having an approach that fits your organisational intrapreneurship goal and agenda is important. This is greatly dependant on the maturity level of your corporate entrepreneurial mindset, the level of undertaking extensive entrepreneurial skill set, and the industry you are in. Do you want to re-invent, innovate, diversify or just create a shock-proof and sustainable intrapreneurship program?
The fuzzy front line
It is all fuzzy when you start looking at the attempt from different angles and that is perfectly normal. To simplify, you need to have a goal in mind, and that includes foreseeing a journey with different milestones in creating a successful intrapreneurship program. One of the most valuable experience we want to offer to these intrapreneurship catalysts is the opportunity to mull over their current process, benchmark with their peers who are also on the front lines managing these processes. This will give everyone a chance to visit different topics of creating a successful intrapreneurship program and help navigate the process by taking the right measures at different point of time.
One of the few important traits of an intrapreneur is the ability to manage stakeholder relationship. As a catalyst within an organisation to run and implement intrapreneurship program, this is no different. Throughout the process, a large majority of your effort will be spent on dealing with the management, stakeholders, investors, the team etc. Most of the pressure will come from top management, given that they are often your key resource of finance, infrastructure, etc. It is important that you focus on the intrapreneurship program so that you deliver a beyond-great result rather than making it look great for your management to see. Fail is fearful, especially when your intrapreneurship program initiative becomes a ‘do-or-die’ endeavour. If it is successful, that will almost guarantee further buy-in from the management, on the flip side, if it is a flop, you start again from the very scratch.
During the next 6 months, we will do monthly check-ins to troubleshoot and learn more insights on creating a successful intrapreneurship program.
We will keep writing about first-hand insights from intrapreneur catalyst in the front line, if you like to read more, do subscribe to our monthly newsletter here.