Ent Intrapreneurship

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    Entrepreneurship & Intrapreneurship:

    What it takes to make it work.

    Presented By

    Charudatta Khairnar(360)Satyajeet Rananavare(361)

    Vipul Kulkarni(355)

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    Entrepreneurship Characteristics

    Commercial leanings

    Lack of structure/self-control

    Visionary tendencies.

    Risk-taking/appetite for uncertainty

    Persistence Doer/high initiative

    Charisma and extroversion

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    Entrepreneurship Characteristics

    High-energy level

    Strong self-image

    Team building skills/uses contacts

    and connections

    Views failure as learning

    Commitment and fun

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    Entrepreneurs vs. Managers

    Reward System -

    Doing what they

    like.Independence. Activity - Direct

    involvement.

    Risk - Moderate risk

    taker.

    Status - Not concerned

    about status symbols.

    Reward System -

    Corporate rewards.

    Promotion, staff,office, money.

    Activity - Delegates

    and supervises.

    Risk - Avoids risk.

    Status - Concerned

    about status symbols.

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    Entrepreneurs vs. Managers

    Mistakes - Deals and

    learns from them.

    Decisions - Followsdreams with decisions.

    Who serves - Customers

    and self.

    Relationships - Deal-

    making and reciprocity.

    Time orientation - 5 - 10

    years.

    Mistakes - Avoids or

    shifts blame.

    Decisions - Agrees withthose above them.

    Who serves - Others.

    Relationships -Hierarchy.

    Time orientation - Short-

    term.

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    Intrapreneurship Characteristics

    Understands the environment.

    Visionary and flexible.

    Creates management options.

    Encourages teamwork.

    Encourages open discussion. Builds a coalition of supporters.

    Persists.

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    Dimension Definition

    New Ventures Creation of new autonomous or semi-

    autonomous units or firms.

    New Businesses Pursuit of and entering into newbusinesses related to current products

    or markets

    Product/ServiceInnovativeness

    Creation of new products and services

    Process

    Innovativeness

    Innovations in production procedures

    and techniques

    Dimensions of Intrapreneurship

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    Dimension DefinitionSelf-renewal Strategy reformulation, reorganization

    and organizational change

    Risk Taking Possibility of loss related to quickness

    in taking bold actions and committing

    resources in the pursuit of new

    opportunitiesProactiveness Top management orientation for

    pioneering and initiative taking

    Competing

    Aggressiveness

    Aggressive posturing towards

    competitors

    Dimensions of Intrapreneurship

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    Intrapreneurship Environment

    New ideas encouraged

    Trial and error encouraged. Failure ok!

    Resources available and accessible

    Long time horizon

    Appropriate reward system Sponsors and champions available

    Support of top management

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    Entrepreneurs vs. Intrapreneurs

    Employer

    Risks are higher

    Build all of themselves.

    Doesnt get support

    from the organization

    Employee

    Returns are not that

    much higher.

    Without any risk

    Selected by a corporate

    Hierarchy.

    Get Support fromprimary organization.

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    Critical Questions that need to be asked

    to create wealth generating activities.

    Where and in what ways is change creating thepotential for new rules and new space?

    What is the potential for revolution inherent in thethings that are changing right now, or have alreadychanged?

    What are the discontinuities we could exploit?

    What aspect of whats changing can we come tounderstand better than anyone else in our industry?

    Whats the deep dynamic that will make our newbusiness concept oh-so-relevant right now? (Hamel,

    2000)