“I suggest taking on a personal debt of $100,000 as a motivation to become innovative.” Paul McCready, inventor of the Gossamer II, first man-powered aircraft to cross the English Channel

3 Approach To Intrapreneurship : Internal Corporate Venturing Create It! Cooperating To Create Innovation Co Opt It! Acquiring Certain Capabilities Buy It!

Intangibles Emotion Passion Inspiration “A Cause” Design Customer Raves Tangibles An Assignment Objectives Budgets Facts/Statistics Measurements Timelines

Innovation: 1. Origination – the act or process of inventing or introducing something new. 2. New idea or new method – something newly invented or a new way of doing things. Microsoft Encarta

“Every child is an artist. The problem is how to remain an artist after he grows up.” Picasso

Idea killer: Put it in an official report. Just leave it on my desk, I will get around it. That’s not practical. It will not succeed. We r doing fine now, no need to change. For God’s sake, be realistic. It can’t be done. It is not in sync with our corporate mission You must be kidding! NO COMMENT or SILENCE !!! (the omnipotent idea killer!)

10 Things That Differentiate Entrepreneurship and Intrapreneurship: 1. Motives 2. Action orientation 3. Skills 4. Risk Attitudes 5. Use of market research 6. Attitudes towards status 7. Attitudes towards failure 8. Decision making style 9. Attitudes towards system 10. Rewards

Good Competitive Advantage: Difficult For Competitors to Imitate Commercially Exploitable with Present Capabilities Provides Value to Customers Timely

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