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Intrapreneurship
    Innovation That No One Talks About

innovation comes from people meeting up in the hallways
  or calling each other at 10:30 at night with a new idea or
  because they realized something that shoots holes in how
             we've been thinking about a problem
                        - Steve Jobs
Intrapreneurship
on my way to work this morning
Intrapreneurship
                   What is it?
     • the term coined in 1985 to describe
         entrepreneurs inside companies
          • “corporate entrepreneurs”
• innovators - employees (and contractors) with
            entrepreneurial tendencies
                http://www.youtube.com/watch?v=C2YZnTL596Q
Intrapreneurship
If not for the Intrapreners of Apollo
      13, we would not have…




  …and that doesn’t even touch all of Kevin Bacon’s
         significant contributions to mankind.
Intrapreneurship

What can you do with the resources you
 have at work right now to solve your
          clients’ challenges?
Intrapreneurship
“MasterCard is not a financial institution. It's a technology company
                    that provides networking, data
   storage, software, analytics, security and related services for
                        financial institutions.”

                On Black Friday, MasterCard handled
               • 2,000+ U.S. transactions per second
          • 200+ countries’ and territories’ transactions
            • 140 million+ global transactions per hour
   • all this at an average response time of 140 milliseconds per
Intrapreneurship
Large companies such as MasterCard innovate by making it a part of the
 internal culture and recognizing that great ideas also come from outside.

    "For executives who want to secure growth through innovation, the
      answer lies in recognizing the limits of their organization and
         empowering groups to function with very different goals
                         and operational metrics.”

              - Maxwell Wessel, Harvard Business Review
Intrapreneurs
       Who are they?

You might be an intrapreneur if…
Intrapreneurship
…you come to work each day willing to be fired
     but you are not there to make waves.
          …you share credit widely.
…you do any task needed to make your project
   work, regardless of your job description.
Intrapreneurship
     You might be an intrapreneur if…
            • you find people to help you.
       • you are true to your goals but realistic
             about the ways to achieve them.
• you never bet on a race…unless you are running in it.
    • you live by “It is easier to ask for forgiveness
                  than for permission.”
Intrapreneurship
        You might be an intrapreneur if…
  • you follow your intuition on people you choose on your
               teams and work only with the best.
  • you honor your organization’s resources (ask for advice
   before asking for resources & express gratitude for them).
• you bend the rules or circumvent bureaucracy while keeping
   the best interest of your organization and clients in mind.
Intrapreneurship
          Score yourself:
       8 – 10: Intrapreneur
5 – 7: Intrapreneur in the making
        0 – 4: Kevin Bacon
Intrapreneurship
The Innovative Organization
   • Long Term are more profitable and sustainable

   • Have innovative & well-read managers & leaders
   • Know their market and clients qualitatively &
          quantitatively

  Due to the work of intrapraneurs!
Intrapreneurship
But, my organization isn’t innovative.
        Really? Well, maybe
           • your industry is
      • your competitors aren’t, or
               • you are
Intrapreneurship
Considerations on becoming more intrapreneurial
              • breaking barriers of group-think
      • learning to think with courage and imagination
                    (just like an entrepreneur)
               • interaction with entrepreneurs
to challenge the boundaries of traditional thinking and processes
 • jump start work teams therefore innovative corporations
        • effective work teams share a common vision
     • self-confidence in your ability to think creatively
       and your team’s ability to think creatively and freely
Intrapreneurship
More considerations on becoming more intrapreneurial
      • The Product, Service, or Process Improvement
                     • Corporate Fit
             • The Marketing and Sales Plan
                   • Operations Plan
                  • Summary of Risks
                 • Targets/Milestones
                • Financial Statements
                  • Managerial Issues
Intrapreneurship
               Unleashing the Intrapreneur within
    • Ask to be on a team at work (don’t just ask for solo projects)
     • If you can’t seem to be intrapreneurial at work, volunteer!
• When volunteering for a nonprofit, start at the Committee or Event level
  • In your coursework, solve a problem at work or in the community
          • Take calculated risks (think scenarios through)
     • Commit to yes…then figure out how and who (who = you!)
Intrapreneurship
           Last word (for now) on Intrapreneurship

                         Remember that…
                     • Intrapreneurs are people
                 • Intrapreneurship can be learned
• Organizations (based in their teams) can become more intrapreneurial
   • Organizations need intrapreneurial thinkers to move forward
Happy IntrapreNewYear!
  the UW-Green Bay Small Business Development Center
 located in the Advance Business & Manufacturing Center

No-cost business planning and low-cost leadership training
for small business owners and their teams in the New North

         2701 Larsen Road, Green Bay, WI 54303
                     (920) 496-2117

                     sbdc@uwgb.edu
               http://www.uwgb.edu/sbdc
                      @uwgbSBDC


     Ryan Kauth kauthr@uwgb.edu @ryanKauth
           www.linkedin.com/in/ryanKauth

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Intrapreneurship by Ryan Kauth

  • 1. Intrapreneurship Innovation That No One Talks About innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea or because they realized something that shoots holes in how we've been thinking about a problem - Steve Jobs
  • 2. Intrapreneurship on my way to work this morning
  • 3. Intrapreneurship What is it? • the term coined in 1985 to describe entrepreneurs inside companies • “corporate entrepreneurs” • innovators - employees (and contractors) with entrepreneurial tendencies http://www.youtube.com/watch?v=C2YZnTL596Q
  • 4. Intrapreneurship If not for the Intrapreners of Apollo 13, we would not have… …and that doesn’t even touch all of Kevin Bacon’s significant contributions to mankind.
  • 5. Intrapreneurship What can you do with the resources you have at work right now to solve your clients’ challenges?
  • 6. Intrapreneurship “MasterCard is not a financial institution. It's a technology company that provides networking, data storage, software, analytics, security and related services for financial institutions.” On Black Friday, MasterCard handled • 2,000+ U.S. transactions per second • 200+ countries’ and territories’ transactions • 140 million+ global transactions per hour • all this at an average response time of 140 milliseconds per
  • 7. Intrapreneurship Large companies such as MasterCard innovate by making it a part of the internal culture and recognizing that great ideas also come from outside. "For executives who want to secure growth through innovation, the answer lies in recognizing the limits of their organization and empowering groups to function with very different goals and operational metrics.” - Maxwell Wessel, Harvard Business Review
  • 8. Intrapreneurs Who are they? You might be an intrapreneur if…
  • 9. Intrapreneurship …you come to work each day willing to be fired but you are not there to make waves. …you share credit widely. …you do any task needed to make your project work, regardless of your job description.
  • 10. Intrapreneurship You might be an intrapreneur if… • you find people to help you. • you are true to your goals but realistic about the ways to achieve them. • you never bet on a race…unless you are running in it. • you live by “It is easier to ask for forgiveness than for permission.”
  • 11. Intrapreneurship You might be an intrapreneur if… • you follow your intuition on people you choose on your teams and work only with the best. • you honor your organization’s resources (ask for advice before asking for resources & express gratitude for them). • you bend the rules or circumvent bureaucracy while keeping the best interest of your organization and clients in mind.
  • 12. Intrapreneurship Score yourself: 8 – 10: Intrapreneur 5 – 7: Intrapreneur in the making 0 – 4: Kevin Bacon
  • 13. Intrapreneurship The Innovative Organization • Long Term are more profitable and sustainable • Have innovative & well-read managers & leaders • Know their market and clients qualitatively & quantitatively Due to the work of intrapraneurs!
  • 14. Intrapreneurship But, my organization isn’t innovative. Really? Well, maybe • your industry is • your competitors aren’t, or • you are
  • 15. Intrapreneurship Considerations on becoming more intrapreneurial • breaking barriers of group-think • learning to think with courage and imagination (just like an entrepreneur) • interaction with entrepreneurs to challenge the boundaries of traditional thinking and processes • jump start work teams therefore innovative corporations • effective work teams share a common vision • self-confidence in your ability to think creatively and your team’s ability to think creatively and freely
  • 16. Intrapreneurship More considerations on becoming more intrapreneurial • The Product, Service, or Process Improvement • Corporate Fit • The Marketing and Sales Plan • Operations Plan • Summary of Risks • Targets/Milestones • Financial Statements • Managerial Issues
  • 17. Intrapreneurship Unleashing the Intrapreneur within • Ask to be on a team at work (don’t just ask for solo projects) • If you can’t seem to be intrapreneurial at work, volunteer! • When volunteering for a nonprofit, start at the Committee or Event level • In your coursework, solve a problem at work or in the community • Take calculated risks (think scenarios through) • Commit to yes…then figure out how and who (who = you!)
  • 18. Intrapreneurship Last word (for now) on Intrapreneurship Remember that… • Intrapreneurs are people • Intrapreneurship can be learned • Organizations (based in their teams) can become more intrapreneurial • Organizations need intrapreneurial thinkers to move forward
  • 19. Happy IntrapreNewYear! the UW-Green Bay Small Business Development Center located in the Advance Business & Manufacturing Center No-cost business planning and low-cost leadership training for small business owners and their teams in the New North 2701 Larsen Road, Green Bay, WI 54303 (920) 496-2117 sbdc@uwgb.edu http://www.uwgb.edu/sbdc @uwgbSBDC Ryan Kauth kauthr@uwgb.edu @ryanKauth www.linkedin.com/in/ryanKauth