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Fight paralysis with intrapreneurship

Globe and Mail article on empowering employees and re-energizing your organization

Salient points from the article (emphasis added):

In the current economic climate, everyone worries about saving their job. They put their heads down and hope to survive. This will paralyze an organization. Small, entrepreneurial ventures can always find a niche to add value. Entrepreneurs have the total flexibility to define their target and thus their future. Large enterprises have constraints on creativity but that doesn't mean they can't be innovative and leverage their vast resources to reposition themselves for a new future. We call this entrepreneurial behaviour within an enterprise, or intrapreneurship.

...

"Most enlightened businesses have been doing or talking about intrapreneurship for 15 years or more," says Dan Mathers, CEO in Residence at Communitech, the Waterloo, Ont., region's technology association.

...

Innovative ideas and their champions exist within your organization. You need to find a way to identify those ideas without killing them. Find the driven intrapreneur, the dream team with a vision and pull them out of your organizational machine. Give them the support they need but hold them accountable to deliver. Then let them re-energize your organization with insights, new products and a "can do" attitude.

Intrapreneurship is also an excellent way to retain your top creative employees - the ones who will be most inclined to leave the corporate environment to spin off their own ideas, possibly ending up in competition with your organization.

Read the rest of the article - it's worth it.

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