+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The Kind Of Office Environment You Need To Develop Intrapreneurs

Sep 27, 2013, 04:48 IST

LinkedIn

"Companies like 3M, Google, DreamWorks and Facebook have in common that they've embraced the idea of allowing their employees to become inside-entrepreneurs, so-called intrapreneurs, and capitalized on new business ideas," Andreas von der Heydt, country manager at Amazon BuyVIP, says in his post on LinkedIn.

Advertisement

This is the key to success and growth.

What kind of office environment do employers need to create and develop intrapreneurs? Von der Heydt says:

1. Reward risks

"There needs to exist an environment where employees are willing to take risks. The risk tests and increases intrapreneurial conviction and drive," he says. "It binds the corporation in an implied contract not to stop the intrapreneur for any reason other than poor performance. "

Advertisement

2. Provide funding

If possible, employers should provide enough funding so that the intrapreneur doesn't have to keep coming back to ask for more funding.

3. Grant independence

Employers need to give the employee-entrepreneur as much independence as possible

If he doesn't have the creative space to work on his project, he will "rapidly loses his motivation and competency to run the project," says von der Heydt.

Advertisement

"What is needed more than ever is a free market entrepreneurship within organizations, headed by exceptional individuals willing and capable of leading an organization's business as it were their very own," he says. "This would boost both the company's growth and the individuals' creativity, productivity, and satisfaction level."

Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article