The position can be termed intrapreneur, meaning a person in a company who takes responsibility for turning an idea into a profitable finished product through risk-taking and innovation. The intrapreneur focuses on innovation and creativity while following the goals of the organization they work in. Rewards and motivational techniques can be different for this role, for example company shares and bonuses.
Intrapreneurship is an example of motivation through job design - encouraging individuals to behave as entrepreneurs with the resources, capabilities and security of the larger organization behind them. Candidates must be willing to learn from failures, conserve resources, and have the drive to move ideas forward, often independently.
"Intrapreneurship has been around since 3M developed Post-It notes back in 1977 and is even more popular today as companies leverage their employees to innovate and stay competitive in the marketplace. Some examples include DreamWorks, where employees take free classes to learn how to pitch their ideas and are then able to pitch them directly to executives." Dan Schawbel, in his recent Entrepreneur blog post, "3 Things You Don't Know About Intrapreneurship", identified 3 trends in workplace.
1. Managers are actually willing to support intrapreneurial employees. In a new study in partnership with American Express, we found that 58 percent of managers are either very willing or extremely willing to support employees who want to chase business opportunities.
2. The majority of workers still don't believe they can become an intrapreneur. In a study with Monster.com, we found that less than one third of workers feel they have the freedom, flexibility and resources to be an intrapreneur.
3. Intrapreneurship is a stepping stone to entrepreneurship. Some 94 percent of intrapreneurs think they have the required skills and knowledge to start a firm of their own, and 76 percent say that fear of failure would not prevent them from starting a business, reports the Global Entrepreneurship Monitor.
If you can see a role for an intrapreneur within your organization, consider the help of a Talent Manager or Executive Recruiter to build the position and identify candidates. Once the person is in place they may benefit from Management Coaching to build confidence and grown in the position.
HireQuality provides Recruitment, Talent Management, and Management Coaching services to meet your organizations needs. Call us at 416.413.1177 or visit our website for more information
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