Intrapreneurship

• What is the concept of intrapreneurship?

  Entrepreneurial activity for the benefit of the employer
• How does intrapreneurship differ from entrepreneurship?

  Intrapreneurship benefits the employer, not the individual
• What percentage of their time did Google employees have to work on personal projects?

  Up to 20%
• Who developed the PlayStation?

  A Sony employee experimenting with Nintendo
• Who takes the risk in entrepreneurship?

  The entrepreneur takes the risk
• Who receives the rewards in entrepreneurship?

  The entrepreneur receives the rewards
• What is a key requirement for fostering intrapreneurship?

  It needs to be encouraged and facilitated
• What is one way businesses can encourage intrapreneurship?

  Provide time for employees to innovate
• What is one method Google used to promote innovation?

  Allowing employees to spend 20% of their time on personal projects
• How can different teams facilitate intrapreneurship?

  By collaborating on innovation projects
• What is a common practice for encouraging innovation in businesses?

  Holding hackathons or innovation days
• What cultural issue can stifle intrapreneurship in large businesses?

  Complacency and arrogance about success
• What can bureaucracy do to intrapreneurship?

  Bureaucracy can hinder innovative activity
• How can reward systems affect intrapreneurship?

  They can incentivize innovative thinking
• What is short-termism in business decision-making?

  Focusing only on short-term performance
• What is essential for fostering an intrapreneurial culture?

  Encouraging creativity and celebrating innovation
• How can businesses support employees' innovative ideas?

  By providing financial resources or investment funds
• What are the key characteristics of intrapreneurship?

  • Entrepreneurial activity within a company
  • Benefits the employer rather than the individual
  • Encourages innovation and creativity
  • Requires support and facilitation from management
• What are some methods businesses can use to encourage intrapreneurship?

  • Allow time for personal projects
  • Foster collaboration among teams
  • Organize hackathons or innovation days
  • Provide financial support for new ideas
• What are the barriers to intrapreneurship in large businesses?

  • Complacency and arrogance
  • Bureaucratic processes
  • Short-termism in decision-making
  • Ineffective reward systems