Home
Blog
Businesses Need Intrapreneurs and Why You Should Become One!
Intrapreneur-Post-It.jpg

Businesses Need Intrapreneurs and Why You Should Become One!

“Many millions of people proudly claim the title ‘entrepreneur.’ On the other hand, a title that hasn’t gotten nearly the amount of attention it deserves is entrepreneur’s little brother, ‘intrapreneur:’ an employee who is given freedom and financial support to create new products, services and systems, who does not have to follow the company’s usual routines or protocols.’ While it’s true that every company needs an entrepreneur to get it under way, healthy growth requires a smattering of intrapreneurs who drive new projects and explore new and unexpected directions for business development.” Richard Branson.

 

Intrapreneur is a term that has been gaining so much attention in recent times. The word refers to an employee who manages and organises his work like an entrepreneur. Investopedia describes it as “acting like an entrepreneur within a larger organisation.” It is a combination of ‘intra’ or internal, and ‘entrepreneur’. Some people refer to them as ‘Corporate Entrepreneurs.’

A common feature that Intrapreneurs possess is entrepreneurial spirit! It is the driving force that makes them apply innovation to solving problems, taking risks, breaking bounds and in doing things differently. Gene Hammet explains that it is a mindset and it is about how managers and employees think to solve problems. According to a survey by Ernst & Young, “internal company entrepreneurs or intrapreneurs need specific characteristics in order to lead a rapidly growing organisation.” The behavioural pattern that is often associated with them is that they are:

  • Self-motivated
  • Proactive
  • Action-oriented
  • Innovative
  • Resourceful
  • Problem-solvers
  • Tenacious
  • Risk takers
  • Good inter-personal relationship

 

 

Why Businesses Are Attracted to Intrapreneurs

More businesses in the 21st century will be drawn towards employing Intrapreneurs because of these characteristics for the following reasons:

  • Intrapreneurs focus on getting the job done by combining available resources within the limits of their organisations.
  • Their target is to produce results and make profit.
  • They save their organisations costs.
  • Intrapreneurs often take ownership of their work and not wait around to be told what to do.
  • They spot opportunities and take them. They are the risk takers in the organisation.
  • They create ‘value’ as opposed to ‘just doing their jobs.’ They are valuable assets to their employers.
  • Intrapreneurs generate innovative ideas that lead to better products and services or improved ways of doing things; which results in increased profit or saving costs.

Lisa Quast noted organisations are aware that generating innovative ideas will become more difficult as they grow in size and complexity, Intrapreneurs can effectively lead rapidly growing businesses by focusing            on cultivating these important characteristics and skills mentioned earlier.

While Intrapreneurs may be best suited for rapidly growing organisations, they could be stifled and frustrated within large and well-established ones with rigid structures and bureaucracies. Such organisations will have to deliberately introduce and support entrepreneurship culture among its employees. There are ways of doing this, but that is different topic on its own.

 

Why You Must Become An Intrapreneur

Looking at the current instability in the Nigerian Labour Market, you would need to develop strategies to weather through the storms. Desperate times call for desperate measures. It calls for deep introspective thinking. You would need to take a personal inventory of your skill sets; where there is a gap, fill it up by going for training, internships or by learning on the job. You would also need to ask yourself if you are ‘creating value’ for your organisation. It was mentioned earlier that Intrapreneurs are assets, you must adopt their behaviour in order to survive. No matter how bad the economy becomes, organisations would not want to lay off their assets.

Here are 4 reasons you must become an Intrapreneur:

  • Rapid Career Growth

As an Intrapreneur, you will grow quickly in your career to assume leadership positions.

  • Superior Skills Set

You will develop skills set that will distinguish you from others. Remember, you may be the only one willing to do certain kinds of work while others shy away from them. Never mind, as these skills will help you in future.

  • They are Valuable

Intrapreneurs are usually the last to be laid off during harsh economic situations because they have a reputation of adding ‘value’ to their organisations.

  • Intrapreneurs are resilient

They are quick to bounce back after trying times due to the skills set they have been able to develop over the years. Intrapreneurs hardly give up, they keep going until they find solutions to problems.

 

Knowledge Exchange Centre is offering a training on ‘Developing Intrapreneurship Skills’ on the 29th of March, 2016. Why not register to learn practical steps to unleash the Intrapreneur in you. We also runs regular courses which could help you develop the skills set required to become an Intrapreneur and to build successful careers.

To find out more, visit our website at www.knowledgeexchangecentre.org.


Testimonial

  • I am so glad I didn't miss out of this opportunity to learn at KEC - (Business Accounting) Eyide Onyeka

  • The training on ERM was very beneficial to me. Before now the concept of risk analysis was vague to me. To this I say thank you KEC!- Mrs Victoria Folorunsho

  • All I can say is that KEC is an outstanding institution- (Risk Management) Umeobi Chidalu

  • The training was very interesting and impactful and refreshed my memory to lot of things I have forgotten (Business Accounting) Ochala Margareth

  • "It was a knowledgeable experience and different perceptions of various individuals presented itself."

    Ex-Student (COMMUNICATION & CUSTOMER SERVICE SKILLS)

    Isegen Henrietta Thalatu

  • "An eye opener and sharpener of what I know and has made me happier now in class and I hope for greater joy in futuristic achievement. Everything was just on point for the training."

    Ex-Student (PERSONAL EFFECTIVENESS & MASTERY)

    Orowale Adeshina

  • "The training was a nice one, the beautiful part of the training was the practical session included which made the training easy and simple to understand."

    Ex-Student (DEVELOPING PROBLEM SOLVING SKILLS AT WORK)

    Orowale Adeshina

  • "The training was really wonderful and I am very happy I came because it would have been a great loss if I didn't."

    Ex-Student (Aptitude Test & Proficiency Examination)

    Olajide Kolawole

  • "The training was fantastic, infact I wish I knew about KEC and their training earlier before now"

    Ex-Student (Aptitude Test & Proficiency Examination)

    Eboigbe Andrew

  • "The facilitators were able to demonstrate good knowledge of the course, they created room for interactions. In my opinion the training was perfect"

    Ex-Student (Introduction to Job Search Skills)

    Afolabi Sunday