RESPOND TO EACH QUESTION WITH AT LEAST 100 WORDS and 1 Reference
Question 1 (Christopher Crenshaw)
Environments which foster intrapreneurship
1. Role-modeling
2. Receptiveness
3. Consistency
To create an intrapreneurship friendly environment I believe that these three factors must be involved: role-modeling, receptiveness, and consistency. Management should be the change they want to see. If they are not, everything they ever preached becomes lies, even the good they have done. Not only should managers be role-models, but other employees as well. When individuals see employees they are fond of or everyone else getting onboard and conforming to the new standards, they will be likely to follow as well. Receptiveness is very important for intrapreneurship because if your proposed change is not accepted by the masses or understood properly, it will never succeed. Lastly, consistency is the last key measure to success. It is comparable to going to the gym. If you want to see change you have to consistently work at it, through the highs and the lows.
Reducing the 70% failure rate
Reducing the 70% failure rate can be achieved by using various change management techniques. First, “Enabling leaders are predominantly positioned in the middle of a company’s hierarchy. They enable entrepreneurial leaders by supporting them directly and removing obstacles that stand in the way of success” (Somers, 2021, p.1). Other ways to reduce this rate are building on capabilities. “Employees are what they think, feel, and believe in” (Dewar & Keller, 2009, p.1). This method not only tells your employees you believe in them to create change, but they should also believe in themselves and strive for greatness. All in all, there are plenty of ways to inhibit intrapreneurship and lower the failure rates of change.
QUESTION 2 (Jacquelyne)
It is critical for intrapreneurs to have a growth mindset in which the individual recognizes that even little changes can have significant consequences in all aspects of our lives and businesses. An encouraging environment in which personnel are flexible to change but also aware of potential pitfalls is necessary for successful intrapreneurial operations. While having a growth mindset may be simple for an individual, understanding the need of change for a company as a whole can be challenging. Many companies intentionally attempt to avoid change management, which might make it difficult for intrapreneurs to thrive. According to Gleeson (2017), more than 70% of organizational transformation efforts fail, a figure that is projected to rise over time. The following are three elements that serve as the foundation for a positive intrapreneurial environment:
Innovative Mindset – The intrapreneur should make it a habit to say yes frequently and to try new things in their day-to-day operations.
Healthy Competition – Healthy rivalry among those in charge of carrying out tasks will motivate them to give it their all and contribute to the company’s success.
