IntrapreneurshipInnovation That No One Talks About

innovation comes from people meeting up in the hallways or calling each other at 10:30 at night

with a new idea or because they realized something that shoots holes in how we've been

thinking about a problem- Steve Jobs

Intrapreneurshipon my way to work this

morning

IntrapreneurshipWhat is it?

• the term coined in 1985 to describe entrepreneurs inside companies• “corporate entrepreneurs”

• innovators - employees (and contractors) with entrepreneurial tendencies

http://www.youtube.com/watch?v=C2YZnTL596Q

IntrapreneurshipIf not for the Intrapreners of Apollo

13, we would not have…

…and that doesn’t even touch all of Kevin Bacon’s significant contributions to mankind.

Intrapreneurship

What can you do with the resources you have at work right now to solve

your clients’ challenges?

Intrapreneurship“MasterCard is not a financial institution. It's a technology company that provides networking, data storage, software,

analytics, security and related services for financial institutions.”

On Black Friday, MasterCard handled• 2,000+ U.S. transactions per second

• 200+ countries’ and territories’ transactions• 140 million+ global transactions per hour

• all this at an average response time of 140 milliseconds per

IntrapreneurshipLarge companies such as MasterCard innovate by making it a

part of the internal culture and recognizing that great ideas also come from outside.

"For executives who want to secure growth through innovation, the answer lies in recognizing the limits of their organization and empowering groups to function with very

different goals and operational metrics.”

- Maxwell Wessel, Harvard Business Review

IntrapreneursWho are they?

You might be an intrapreneur if…

Intrapreneurship…you come to work each day willing to

be fired but you are not there to make waves.

…you share credit widely.

…you do any task needed to make your project work, regardless of your job

description.

IntrapreneurshipYou might be an intrapreneur if…

• you find people to help you.• you are true to your goals but realistic

about the ways to achieve them.• you never bet on a race…unless you are running in

it.• you live by “It is easier to ask for forgiveness

than for permission.”

IntrapreneurshipYou might be an intrapreneur if…

• you follow your intuition on people you choose on your teams and work only with the best.

• you honor your organization’s resources (ask for advice before asking for resources & express

gratitude for them). • you bend the rules or circumvent bureaucracy while

keeping the best interest of your organization and clients in mind.

IntrapreneurshipScore yourself:

8 – 10: Intrapreneur5 – 7: Intrapreneur in the making

0 – 4: Kevin Bacon

IntrapreneurshipThe Innovative Organization

• Long Term are more profitable and sustainable

• Have innovative & well-read managers & leaders

• Know their market and clients qualitatively & quantitativelyDue to the work of intrapraneurs!

IntrapreneurshipBut, my organization isn’t innovative.

Really? Well, maybe• your industry is

• your competitors aren’t, or• you are

IntrapreneurshipConsiderations on becoming more intrapreneurial

• breaking barriers of group-think• learning to think with courage and imagination

(just like an entrepreneur) • interaction with entrepreneurs

to challenge the boundaries of traditional thinking and processes

• jump start work teams therefore innovative corporations• effective work teams share a common vision

• self-confidence in your ability to think creatively and your team’s ability to think creatively and

freely

IntrapreneurshipMore considerations on becoming more

intrapreneurial• The Product, Service, or Process Improvement

• Corporate Fit • The Marketing and Sales Plan

• Operations Plan • Summary of Risks • Targets/Milestones

• Financial Statements • Managerial Issues

IntrapreneurshipUnleashing the Intrapreneur within

• Ask to be on a team at work (don’t just ask for solo projects)• If you can’t seem to be intrapreneurial at work, volunteer!

• When volunteering for a nonprofit, start at the Committee or Event level

• In your coursework, solve a problem at work or in the community

• Take calculated risks (think scenarios through)• Commit to yes…then figure out how and who (who = you!)

IntrapreneurshipLast word (for now) on Intrapreneurship

Remember that…

• Intrapreneurs are people• Intrapreneurship can be learned

• Organizations (based in their teams) can become more intrapreneurial

• Organizations need intrapreneurial thinkers to move forward

Happy IntrapreNewYear! the UW-Green Bay Small Business Development Center

located in the Advance Business & Manufacturing Center

No-cost business planning and low-cost leadership training for small business owners and their teams in the New North

2701 Larsen Road, Green Bay, WI 54303(920) 496-2117

sbdc@uwgb.eduhttp://www.uwgb.edu/sbdc

@uwgbSBDC

Ryan Kauth kauthr@uwgb.edu @ryanKauthwww.linkedin.com/in/ryanKauth