Things To Know About Intrapreneurship

Friends, here is our 6th and last part of Intrapreneurs Week Series today we talk about things entrepreneurs need to know about intrapreneurship.

Through much research it is becoming well understood how important intrapreneurs are to a successful company. So what should an entrepreneur know about intrapreneurs? Here are 10 key things to know:

While an entrepreneur should see the company as a vision from starting point to end; the intrapreneur is a facet of this broader vision. The intrapreneurs should have more directly applicable skills for a given task. The intrapreneur will take risks, but within the confines of their organization.

Intrapreneurs help increase productivity within companies. Like entrepreneurs, intrapreneurs take risks and find more effective ways to

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accomplish tasks. An intrapreneur, in the most basic sense, is a skilled problem solver that can take on important tasks within a company.

Intrapreneurs are the drivers of innovation within companies. In a similar role to that of entrepreneurs, intrapreneurs seek to provide solutions to unique market driven problems. They seek policies, technologies and application that resolve a barrier to productivity increases.

One should really understand how intrapreneurship and entrepreneurship are linked. In fact, it is often taking on intrapreneurial tasks that allow someone to build the skill needed to eventually become an entrepreneur.

The process of intrapreneurship requires autonomy and independence to truly investigate every angle of the given problem they are presented with.

A successful intrapreneur understands trends; they see where the company needs to go before anyone else.

Intrapreneurs will become the building blocks of a company's executive teams and leaders. Starting from the bottom, they will see the company as a set of processes in which every process must evolve.

Unlike employees who are simply working to get a paycheck, intrapreneurs should be viewed as part of the company.

An intrapreneur is someone who grows with the company; it is a symbiotic relationship as the company helps them and they, in turn, help the company.

A company grows when you find the virtuous cycle of entrepreneurs hiring intrapreneurs. A good entrepreneur recognizes talented intrapreneurs and as they are promoted they intern recognize good

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intrapreneurs below them. In this fashion a company culture is constructed where talented innovators teach and foster the growth of other talented innovators. This cycle continues and the company will become a truly innovative leader.

Intrapreneurship is a stepping stone to entrepreneurship. We've seen many examples of this, including Dave Morin, who co-created the Facebook Platform and Facebook Connect before starting his own company called Path. The corporate world can certainly help increase the odds of success and its own path to achieving entrepreneurship.

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