Becoming Innovative

• What is intrapreneurship?

  Empowerment of employees for entrepreneurial projects
• How does intrapreneurship relate to entrepreneurship?

  It allows employees to act like entrepreneurs
• What are the key features of intrapreneurship?

  • Employees take initiative
  • Projects are within the organization
  • Similar to starting a new business
• What is the objective of benchmarking?

  To evaluate a business's position against best practices
• Why is it important to identify areas for performance improvement in benchmarking?

  To enhance efficiency and effectiveness of operations
• How does benchmarking help in understanding a business's current position?

  By comparing it to best practices in the industry