Entrepreneur/Intrapreneur?

Changing the Status Quo, which includes Chapters 1 through 4 from the course textbook The Greenhouse Approach: Cultivating Intrapreneurship in Companies and Organizations.

Next, reflect on the following observation by Niccolo Machiavelli.

“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.” Machiavelli, N. The Prince.

Intrapreneurs are change agents and initiate outward change (products and services) and inward change (policies, procedures, and technology). Assess the information in the provided articles and Part 1 of the course textbook and then do the following:

Determine the environment needed for beneficial intrapreneurial activities. Do this by devising a minimum of three principles you believe are the foundation for a beneficial intrapreneurial environment.
The two articles Entrepreneurs and Intrapreneurs During Covid-19Links to an external site. and Effects of the Pandemic Crisis on Entrepreneurship and Sustainable DevelopmentLinks to an external site. provided suggest there is an estimated 70% failure rate for an organization’s change implementation efforts. Based on what you know about intrapreneurial activities, defend the use of nimble change management techniques to reduce the estimated 70% failure rate.

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Certainly, Machiavelli’s observation about the difficulty of implementing new systems rings true for intrapreneurship. Intrapreneurs are after all, change agents, and as with any change effort, they face resistance from those who benefit from the status quo.

Here are three principles I believe are essential for creating a beneficial environment for intrapreneurial activities:

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Principle Description
Supportive Leadership Leaders who encourage experimentation, tolerate failures, and celebrate successes can foster an environment where intrapreneurs feel empowered to take risks.
Open Communication Transparent communication channels allow for the free flow of ideas, feedback, and concerns. This fosters collaboration and helps identify potential roadblocks early on.
Resource Allocation Providing dedicated resources, such as budget, time, and personnel, demonstrates commitment to intrapreneurial initiatives and increases the chances of success.

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Now, let’s look at how nimble change management techniques can address the high failure rate of change implementation efforts.

The articles you cited mention a 70% failure rate for change implementation efforts. This high failure rate is likely due to a number of factors, including:

  • Lack of employee buy-in
  • Poor communication
  • Inflexible planning
  • Resistance to change

Nimble change management techniques can help to address these challenges by:

Benefit Description
Rapid Experimentation Nimble techniques allow for quick iterations and testing of ideas. This reduces the risk of investing heavily in a change initiative that ultimately fails.
Adaptability Nimble approaches can adapt to changing circumstances and feedback. This is crucial in today’s dynamic business environment.
Increased Employee Engagement By involving employees in the change process and giving them ownership over the outcome, nimble techniques can increase buy-in and reduce resistance.

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In conclusion, by creating a supportive environment for intrapreneurs and utilizing nimble change management techniques, organizations can increase the success rate of intrapreneurial activities and overcome the challenges associated with implementing change.

 

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