2. The Entrepreneurial and Intrapreneurial Mind2
Chapter
The Entrepreneurial and Intrapreneurial Mind

3. Entrepreneurial Process
Identify/Evaluate Opportunity
Develop Business Plan
Determine Resources Required
Manage The Enterprise

4. Opportunity Analysis Market Need? Personal Observation
Underlying Social Conditions
Market Research Data
Assess Competition- Patents?
Where Money To Be Made

5. Decision Making Manager vs. Entrepreneur
Domain- Administrative vs. Entrepreneurial
Strategic Orientation
Commitment to Opportunity
Commitment of Resources
Control of Resources
Management Structure

6. “Intrapreneurship”
Instilling Entrepreneurial Spirit Within An Existing Organization To Innovate And Grow.

7. Organizational Culture
Corporate
Climate/Reward System Favors Conservatism
Follow Instructions, No Initiative
Hierarchy Of Authority
Intrapreneurial
Develop Vision, Goals, & Plans
Suggest, Try, Experiment
Flat Organizational Structure- Networking & Teamwork

8. Cultural Norms/Values
Corporate
Intrapreneurial
Fragmented
Whole
Instruction
Vision
Controlled
In Control
Outer-Directed
Inner-Directed
Alienation
Responsibility
“Chores”
Enthusiasm/Motivation
Defined Limits
Space/Freedom
Interference
Trust
Distrust
Belief In People
Expendable
Expandable
Limiting People
Growing People

9. Interest In Intrapreneurship
Rising Interest in “Doing Your Own Thing”
Corporation
Support To Retain Creative Employees
Fund Startups
Hypercompetition
Corporate vs. Intrapreneurial Culture

10. Intrapreneurial Activities
New Business Venturing
Innovation
Self-Renewal
Proactive

11. Climate for Intrapreneurship
Technology
New Ideas Encouraged
Trial/Error Encouraged
Failure Allowed
No Opportunity Parameters
Resources Available & Accessible
Multidiscipline Teams
Long Time Horizon
Volunteer Program
Appropriate Reward System
Sponsors/Champions Available
Support of Top Management

12. Intrapreneurial Leaders
Understand Environment
Have Vision/Flexibility
Create Management Options
Encourage Teamwork
Encourage Open Discussion
Build Coalitions
Persist

13. Establishing Intrapreneurship
Commitment of Top Management
Identify Ideas/Areas Interested In Supporting
Use Technology For Flexibility
Managers Share/Train Employees
Get Closer to Customers
Be More Productive With Less

14. Evaluating Intrapreneurship Proposals
Competitive Threat
Proprietary Technology
Gross Margin
Rate Of Return
Corporate Fit
Initial Investment
Experienced Venture Champion
Experience With Product/Service

15. Barriers To Intrapreneurship
Inherent Nature of Large Organizations
No Long-Term Commitment
Lack Of Autonomy For Decision Making
Lack of Intrapreneurial Talent
Inappropriate Compensation Methods
Constrained Environment