My lecture at the Nobel Breakfast at Nobel Museum in Stockholm on Intrapreneurship http://www.anpdm.com/newsletterweb/44405E4B7641445F4171424059/4240504A7647435B477448405E4A71

1. Welcome to Nobel Breakfast
on Intraprenaurship

3. October 2016

4. People
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not owning
• Sustainability
• Gigs and not jobs
Technology
• Broadband
• Smart phones
• Cloud
• Internet of Things
• Big Data
• 3D printing
• Robotics/AI
• VR/AR
• Holography
Open Source IP
• Software
• Hardware
• Physibles
Convergence of…..
Finance
• Microlending/microfinance
• Crowdfunding/equity/P2P
• Cryptocurrencies
• Blockchain
• Mobile money/payments
• M2M payments

5. http://marketrealist.com/2016/01/fourth-industrial-revolution-need-know/

6. • Launched June 2010
• 500 cities worldwide
• Limited physical assets
• > USD 30-68 bln valuation
(Ericsson – USD 24 bln;
Ford – USD 47 bln; GM USD 50 bln)
“Doing more with less” through a global
platform

8. If the rate of change on the
outside (of an organization)
exceeds the rate of change on
the inside, the end is near....
-Jack Welch

9. Exploitation
Improving existing
value creation
activities
Exploration
Developing new
value creation
activities
Adapted from March 1991

10. Intrapreneuring - coined by Pinchot in 1978
 Actions of individual and/or team
acting in entrepreneurial manner to
serve organization’s best interests,
with or without official support.
 Business practices liberating people
with entrepreneurial personalities to
innovate rapidly inside larger
organizations for benefit of
organization and its customers.

11. The rise of the intrapreneur is
driven in part by a restless,
younger workforce eager to
make a real impact with their
careers.
- Fast Company

12. The challenges for intrapreneurship - Internal
 70% of successful entrepreneurs
developed business idea while working
for previous employer
(T.Chamorro‐Premuzic)
 Left organization because corporate
environment did not support
intrapreneurship
https://www.fastcompany.com/3046231/the-new-rules-of-work/the-rise-of-the-intrapreneur

14. The challenges for intrapreneurship - External
War for talent
 70% of millennials see themselves
working independently at some point
rather than employee at traditional
organization (Deloitte 2014)
 Why? Want autonomy, creativity, and
meaning
https://hbr.org/2013/09/recognize_intrapreneurs

15. Trading one job for a number of “gigs”…

16. https://www.youtube.com/watch?v=5ox4Hn4glUQ

17. How to support intrapreneurship?
 Learn from others
− GE, Google, 3M, Intel, Virgin, Deloitte, GFK,
Accenture, Barclays, Shell have formal programs to
encourage employees to create new projects and
roles
− Boot camps, “VC” pitches, hackathons
− Transfer to BUs, spinoff, kill
 Look for support and knowledge sharing
− League of Intrapreneurs, a global organization to
support and unite intrapreneurs

18. Exploitation
Improving existing
value creation
activities
Exploration
Developing new
value creation
activities
Adapted from March 1991
Bottom-up creation of
new business ventures by
people who yesterday
were line managers or
employees.
“Corporate Immune System”
Preserving the past.
Perfecting the present

19. Business practices
 Fostering intrapreneurship and development of new
ventures, not just production of ideas
− Create slack
− Continuous training and coaching
 Creating safety net and acceptance of failure in
organization for intrapreneurs
− Not everyone is an intrapreneur
 Adapting business processes to young businesses
− Setting appropriate financial goals
Starting new businesses - inside the organization, HBR, 1999
https://www.entrepreneur.com/article/243884

20. Internal corporate crowdfunding
iFundIT
 More than 300 participants
Entry-level workers to VPs
 Given $2,000 to invest over 8 week period
 Choose internal projects in which to invest

21. Moving forward
 What is your organization’s definition of an
intrapreneur?
 How does one become a successful intrapreneur?
 How can you find intrapreneurs within and outside
your organization?
 What are methods and tactics to develop
intrapreneurs and intrapreneurial teams?
 How can your organization implement them to
nurture your intrapreneurs?
 But not everyone is made to be an intrapreneur
https://hbr.org/2013/09/recognize_intrapreneurs

22. Robin Teigland
robin.teigland@hhs.se
www.slideshare.net/eteigland
www.funnovation.se
@robin.teigland
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23. Thank you!