According to Wikipedia “Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization.”
Many companies have embraced this management style of intrapreneurship and even give funding or incubate intrapreneurial initiatives.
According to the Intrapreneurship Institute, there are 3 enduring benefits of intrapreneurship within organizations:
- new products & services
- growing employee satisfaction
- market share increase.
An intrapreneur gets to train his or her “soft skills muscles” such as being open to take risks, cope with setbacks, persevere in face of adversity, doing things differently, having a bold vision and being able to engage others in it. These skills are beneficial not only to the intrapreneur’s career but for the company, too.
Intrapreneurship for good
Let’s take a step further and imagine putting all these soft and hard skills of intrapreneurs to benefit not only their career, their company but also society at large.
Taking action for good in your job has many benefits such as increased engagement, profitability, wellbeing and purpose! Read more here.
Intrapreneurial initiatives also inspire other employees, having a sort of “snow ball” effect, increasing engagement and also giving them courage to take action as well!
The League of Intrapreneurs showcases the case study of Unilever’s Lifebuoy brand helping “soap sales people to see the connections between their product and lives saved. Together with a number of partners, they are undertaking one of the largest public health campaigns in the world – and have reached 183 million people in 16 countries. In these countries, Unilever’s business has gone up and child mortality has gone down.”
Call to action to companies and employees: embrace intrapreneurship “for good”!
Embracing intrapreneurship “for good” will enhance people’s soft skills, foster innovation throughout your organization and your contribution to society through people’s job!
Share your 3 key learnings with intrapreneurship below! 👇
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- Want more ideas on how to engage employees on your company’s Sustainability journey, download the free guide “5 steps to activate positive impact from within”.
- Want more ideas on how to take simple action for Sustainability at work (even if you don’t have a lot of time), check out this free workbook.
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