Intrapreneurship is the new black for corporations
Growing competition is the main feature characterizing business nowadays. Both small and large companies are striving to find the Holy Grail to stay ahead of the competition. It can sometimes even look like true combat, and for the combat, you need combat techniques! The Six Sigma management system with its spectrum of yellow, green, black and champion belts is one example of these business martial arts.
What is actually this multicolored Six Sigma? It is a set of techniques and tools seeking process improvement, and is necessary when you have a hybrid business model, one that also prioritizes the need for innovation while keeping in play the best aspects of operational excellence, for example, a focus on relentless, constant improvement. Yes, it is a bit of a paradox, but in an idea meritocracy, the best ideas win out regardless of the position held by the idea-holder. To win the competition, innovation, creativity and learning ability are what matter, not hierarchy!
So let’s bring these powerful weapons to the arena and actually see the advantage intrapreneurship has for large companies:
Intrapreneurs focus on making their businesses work, eliminating any hindrances or distractions to their goals. They have overarching strategies and outline the tactics to accomplish them. Successful intrapreneurs are disciplined enough to take steps every day toward the achievement of their objectives.
The intrapreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.
Intrapreneurs realize that every event and situation is a business opportunity. Generated ideas are strictly related to workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their goals.
Intrapreneurs know that if something needs to be done, they should start it themselves. They set the parameters and make sure that projects follow that path. They are proactive, not waiting for someone to give them permission.
Many companies are formed because an intrapreneur knows that they can do a job better than another. They need to win at the sports they play and need to win at the businesses they create. An intrapreneur will highlight his or her own company’s track record of success.
One facet of creativity is being able to make connections between seemingly unrelated events or situations. Intrapreneurs often come up with solutions that are the synthesis of other items. They will repurpose products to market them to new industries.
Intrapreneurs are not thwarted by their defeats. They look at defeat as an opportunity for success. They are determined to make all of their endeavors succeed, so will try and try again until the do. Successful intrapreneurs do not believe that something cannot be done.
8. Strong people skills
The intrapreneur has strong communication skills to sell the product and motivate employees. Most successful intrapreneurs know how to motivate their employees so the business grows overall. They are very good at highlighting the benefits of any situation and coaching others to success.
9. Strong work ethic
Successful intrapreneurs will often be the first to arrive at the office and the last to leave. They will come in on their days off to make sure an outcome meets their expectations. Their mind is constantly on their work, whether they are inside or outside the workplace.
Passion is the most important trait of successful intrapreneurs. They genuinely love their work. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives that goes beyond money. Successful intrapreneurs constantly read and research ways to make the business better.
Successful intrapreneurs want to see what the view is like at the top of the business mountain. Once they see it, they want to go further. They know how to talk to their employees, and their businesses soar as a result.