1. Entrepreneurial & Intrapreneurial Minds

2. Entrepreneurial Process
Definition
Identify and Evaluate the Opportunity
Get information
Length of opportunity
Window of opportunity
Real and perceived value
Risks and returns
Personal goals and skills of entrepreneur
Uniqueness
Opportunity assessment

3. Entrepreneurial Process
Develop Business Plan
Determine the Resources Required
Manage the Enterprise

4. Managerial v. Entrepreneurial Decision-making
Managerial styles= administrative domain
Five areas
Strategic orientation
Commitment to opportunity
Commitment to resources
Control of resources
Management structure

5. Causes for Interest in Intrapreneurship
Social aspects
Competition
Four Key Elements of Intrapreneurship
New business venturing
Organizational innovativeness
Self-renewal
Proactiveness

6. Corporate Culture v. Intrapreneurial Culture
Corporate Cultures
Reward conservative decision-making
Wait for instructions
Don’t fail
Collect as much information as possible, or do not act
Intrapreneurial Culture
Trial and error
Reward for actions
Encourage new ideas and actions

7. Climate for Intrapreneurship
Operate on Technological Frontier
New Ideas
Trial and Error
Failures Allowed
Resources Available and Accessible
Multidiscipline Teamwork Approach

8. Climate for Intrapreneurship
Long-Term Horizon
Volunteer Program
Reward System
Sponsors and Champions Available
Support of Top Management

9. Intrapreneurial Leadership Characteristics
Understands the Environment
Is Visionary and Flexible
Creates Management Options
Encourages Teamwork
Encourages Open Discussion
Builds a Coalition of Supporters
Persists

10. Establishing Intrapreneurship in Organizations
Get Management Commitment
Identify Ideas and Areas of Interest
Use Technology for Flexibility
Train Employees with Interested Managers
Develop Ways to Get Close to Customer
Be More Productive with Fewer Resources

11. Establishing Intrapreneurship in Organizations
Establish Strong Support Structure
Tie Rewards to Performance
Implement Evaluation System

12. Problems and Benefits of Intrapreneurship
Performance
Benefits
Resources
Successes
3M, HP, IBM