Create an Intrapreneurship Program and Keep Brilliance In-House

You have heard the term “entrepreneurship,” and perhaps as a business leader or C-suite executive, you fear the possibility of some of your team members leaving your organization to pursue their own great ideas. This is not because you do not want to see them succeed, but because you may lose them as an asset to your operation.

But have you heard the term “intrapreneurship?” Does that sound like a typographical error, or do you have an inkling as to what that may mean for you and your organization?

Intrapreneurship is a form of organizational innovation that leverages the brilliance of even the most entry-level employees. I have long encouraged the high-level leaders and managers at a multitude of businesses and organizations to allocate for innovation hours, where all employees come together with transformative ideas to progress the business or organization further.

But believe it or not, these innovation hours and inclusive efforts can help a business or organization overcome uncertain times, such as a pending recession or even the pandemic we are well on the outside of now. When the unpredictable nature of the world around us has even the most profitable businesses shaking in their boots, I implore you to learn from this blog today how to embrace ideas from all areas to change the…