Latest Technology New Ideas Encouraged Trial and Error – Mistakes and failures are

allowed Availability of resources Easy approval Long time horizon Spirit of intrapreneurship Reward system Support of top management

Climate for Intrapreneurship

Understands the Environment Is Visionary and Flexible Creates Management Options Encourages Teamwork Encourages Open Discussion Builds a Coalition of Supporters Persists

Intrapreneurial Leadership Characteristics

Get Management Commitment Identify Ideas and Areas of Interest Use Technology for Flexibility Train Employees with Interested Managers Develop Ways to Get Close to Customer Be More Productive with Fewer Resources Establish Strong Support Structure Tie Rewards to Performance Implement Evaluation System

Establishing Intrapreneurship in Organizations

Corporate Fit Initial Investment Experienced Venture Champion Experience With Product/Service Competitive Threat Proprietary Technology Rate Of Return

Evaluating Intrapreneurship Proposals

•Inherent Nature of Large Organizations •No Long-Term Commitment •Lack Of Autonomy For Decision Making •Lack of Intrapreneurial Talent •Inappropriate Compensation Methods •Constrained Environment

Barriers To Intrapreneurship

•The habit of constantly exchanging information, thoughts and feelings openly and honestly builds morale, enhances productivity, and fosters contagious leadership. •A founder who is ready, willing, and able to learn on the job during the start-up process. •Pay very close attention to new entrants and potential competitors. •Nurture habit of truly knowing most valuable asset – people. •Make sure you have ready access to whatever capital you may need so that you don’t have to spend a lot of time raising money.

10 Habits of Highly Successful Startup Founders

•They mentor their team to always assume they have permission to do things their way. •They influence people to make things happen, rather than tell people to make things happen. •They nurture the habit of recognizing others strengths, and help them extrapolate these to greatness. •Spend more time on initial positioning •Sit down with their team, find out what needs immediate attention, and get their hands dirty

10 Habits of Highly Successful Startup Founders

Social factors Cultural factors Facilitating factors Compelling factors Psychological factors External factors

Factors affecting entrepreneurship

Common sense Specialized knowledge of your field Self confidence Ability to get things done Creativity Ability to lead Self reliance

Qualities of successful entrepreneurs

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