Full Answer Section

Operating Silos as Barriers:

Operating silos are significant barriers to intrapreneurship. Here’s why:

• Limited Information Sharing: Information silos prevent valuable ideas from reaching departments that can help develop and implement them.
• Duplication of Effort: Departments working in isolation might unknowingly be pursuing similar goals, wasting resources.
• Reduced Creativity: Collaboration across disciplines sparks creativity and leads to innovative solutions.

Overcoming Silos:

• Cross-functional teams: Form teams with members from different departments to tackle specific challenges.
• Open communication platforms: Implement tools (e.g., internal forums, communication software) to encourage information sharing.
• Shared goals and incentives: Align departmental goals with the organization’s overall innovation goals and reward collaboration.

Suggested Changes to Principles:

• “Empowerment with Clear Direction”: Balance empowerment with well-defined strategic goals. Intrapreneurs need a framework within which to operate.
• “Tolerance for Failure”: Differentiate between calculated risks and recklessness. Encourage learning from failures but also set boundaries for acceptable risk levels.

Additional Principle:

• Mentorship and Coaching: Provide mentorship and coaching programs to nurture intrapreneurial skills.

Resources:

This article [invalid URL removed] from Strategy + Business offers valuable insights on developing an intrapreneurial culture. The article provides a five-point framework for building an intrapreneurial organization.

Video Resource:

This TEDx Talk [invalid URL removed] by Tone Marie Wahlstrom discusses the power of intrapreneurship and how organizations can foster it within their structures.

By fostering an intrapreneurial culture, organizations can tap into the creativity and innovation potential of their employees, leading to increased competitiveness and long-term success.