You’ve heard of entrepreneurship, but how about intrapreneurship? Better yet; how can you encourage intrapreneurship in your workplace?
The term “intrapreneurship” refers to a system that gives an employee the opportunity to act like an entrepreneur within a company or organization. Intrapreneurs are self-motivated, action-oriented, and take the initiative to work toward pursuing an innovative product or service.
In many ways, intrapreneurship is easier for an individual to pursue than entrepreneurship, because they have support from their organization.
Below, we discuss how to encourage intrapreneurship through supporting your employee’s ideas, giving them proper credit, and helping them grow in your workplace.
1. Give Equal Opportunity To All Employees
Not only is Equal Opportunity for Employees (EEO) required by law, it’s of utmost importance that all individuals have the opportunity to voice their thoughts and opinions openly and freely. Give everyone on your team an outlet to contribute, regardless of their titles or how high up their position is. No idea is too small, or too big.
There’s something to be said about someone who speaks up when they have good ideas. It truly is amazing to watch one thought snowball into a new concept or system when everyone works together.
2. Remain Resourceful
Grant your employees access to information that could help them build their ideas. Trusting your team with important company information will make them feel more included in organizational matters; thus allowing them to feel more motivated and comfortable contributing.
Even just a nugget of wisdom, or advice can be a wonderful resource!
3. Make Sure Your Team Has Time and Space to Be Creative
All people, regardless of their position, need time and space in order to think outside the box and come up with new ideas and thoughts.
It’s also important to remember that stressed or overwhelmed employees are more prone to burn-out or absenteeism. That’s why you should monitor the amount of time your team spends working. Make sure they have enough free time to be creative, and to recuperate their minds.
Implement the 70 percent rule. According to this principle, employees are the most productive when a majority of their time is spent working at a less intense pace. With this rule implemented, employees will still have the motivation and strength to meet increased work demands.
4. Encourage Risks and Embrace Mistakes
Another factor to consider when learning how to encourage intrapreneurship is your attitude toward mistakes.
It may be a cliché, but it’s true: everybody makes mistakes. If your employees are under the impression that mistakes put their jobs at risk, they’ll probably hold themselves back out of fear.
Encourage your workers to try something new, and teach them that failures are treated as a way to learn and improve without penalization. This will take the pressure off and allow them to learn, grow, and step out of their comfort zone.
5. Work To Empower Your Employees
Empowering your employees is a tried and true way to give them that motivation they need to thrive in the workplace—without feeling held back by vulnerability or intimidation.
Professional Performance Coaching will teach you and your employees a new mindset. This is guaranteed to help your organization rise above any distractions or obstacles.
Eventually, you’ll feel confident, empowered, and capable of being more innovative than you ever thought you could.
Let Us Teach You How to Encourage Intrapreneurship and Empower Your Team
Here at Stiletto Agency, we’re devoted to our mission of helping people and their organizations achieve their goals at work, home, and in their social life. There’s nothing more rewarding than watching our clients reach their true potential and work their way toward success.
Contact us today to learn more about how our services can help you prosper and grow your skill set.