Cloaked in myths, the definition of intrapreneurship is not what you may think. A supportive intrapreneurship strategy not only encourages your employees to keep learning, but it can also result in innovative solutions and generate new revenue streams.
- A number of organizations today are missing out on the benefits of embracing an intrapreneurial mindset thanks to a false understanding of what intrapreneurship entails.
- For an intrapreneur to have the ability to execute their ideas, they need the active support of management and a culture and structure that encourages smart risks.
- Think twice if you think your company can’t afford to take the risks that come with creating a culture of intrapreneurship. Rather than see an intrapreneur leave and become your competition, why not consider nurturing them and encouraging them to innovate?