The Benefits Of Intrapreneurship

818 Words2 Pages

Set 1
Q2 what is intrapreneurship? How can a business organisation incentivise it and benefit from it?

In the essay the author will explain intrapreneurship, how a business can incentivise it and the benefits of using this concept. The essay will incorporate real examples to support the content given.

Intrapreneurship is simply explained as the ‘people within a business creating or discovering new business opportunities, which leads to the creation of new parts of the business or even new businesses.’ – tutor 2U

Google is an example of a business that employs an intrapreneurship approach, giving staff time for personal projects. As a result, Gmail was created and launched in 2004. Currently Gmail is one of the world’s most popular webmail
This is the simplistic idea of having a small notepad with a sticky edge to easily attach to other pages or walls. It became a huge success and evolved from an intrapreneur and its name is a well-known house hold term. Therefore, progressive organisations can receive the benefits of their employee’s creations and innovations. (Virgin, 2017)

Business organisations can benefit from unique viewpoints and ideas from their intrapreneurial employees. Often these progressive ideas may have the ability to drive the business further. Furthermore, the determined employee will reap precious experience and confidence to autonomously pursue their ideas and develop the business in the future.

To conclude, the author feels intrapreneurship is beneficial to progressive business organisations as it uses their employees’ knowledge and ideas for new developments or solutions to a problem. However, there may be drawbacks to the employees. For example, they receive compensation for their creation, but the profits from their ideas goes to the business and not the individual. This can mean they are missing out on a lot of capital. Focusing on the benefits to the business organisation, this is a very important concept for them to gain their maximum potential profits and the success of the business as a

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