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Wednesday, March 16, 2011

Intrapreneurial - are you?

Intrapreneurial (innovating within a corporation) See definition below or the wikipedia definition here. This relatively new term is a play on the older and more accepted term of entrepreneur - defined below or the definition here.

Most people recognize that when you say entrepreneur, the person is an independent thinker, leading the pack instead of following, driving decisions instead of putting on the brakes.  Some famous entrepreneurs include: Bill Gates, Oprah Winfrey, Walt Disney, Simon Cowell, Mark Zuckerberg, or Donald Trump.  These people took a concept and built a business.

With the concept of being an intrapreneur, you incorporate similar idea building that entrepreneurs use, but within the corporate boundaries.  Some of the most famous intrapreneurs include:  Spencer Silver & Art Fry for the Post-it, Ken Kutaragi for the Sony Playstation, or maybe Patrick Naughton, James Gosling, Bill Joy invented Java programming language that many websites use to make things "work".

If you have a W-2 job for which you receive a regular paycheck, are you acting like an employee or like an intrapreneur?  Are you being innovative, carrying out a new idea and shaping it into existence? OR are you just doing what you are told?

Is your corporate culture such that innovation is rewarded and encouraged? Are you invested enough in your company to be innovative.

  • Intrapreneur - an employee of a large corporation who is given freedom and financial support to create new products, services, systems, etc., and does not have to follow the corporation's usual routines or protocols.
  • Entrepreneur - a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

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