How to Cultivate Intrapreneurship in Your Workplace

how to encourage intrapreneurship

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.

On Key

Related Posts

benefits of smart goals

Setting SMART Goals for Success: A Guide for 2024 and Beyond

As the new year approaches, many of us are eager to make positive changes and set ourselves up for success. One way to do this is by adopting the SMART goal-setting framework.  SMART goals are Specific, Measurable, Attainable, Relevant, and Time-Bound, providing a clear and structured approach to achieving success. There are several benefits of SMART goals that can help you meet your true potential at work and in your personal life.  In this blog, we’ll dive into what each

smart decision making

Simplifying Everyday Life: The Power of Hick’s Law in Decision-Making

In a world filled with countless choices and distractions, the ability to make quick and informed decisions is an invaluable skill. Enter Hick’s Law; a psychological principle that offers a simple yet powerful way to streamline a smart decision making process.  Below, we’ll delve into what Hick’s Law is and how you can apply it to simplify choices in various aspects of your life. What is Hick’s Law? Hick’s Law, also known as the Hick-Hyman Law, is a psychological concept.

october is domestic violence awareness month

October is National Domestic Violence Awareness Month: Debunking Domestic Violence Myths

October is National Domestic Violence Awareness Month, a time dedicated to raising awareness about domestic violence and promoting efforts to prevent and address it.  One important aspect of this awareness campaign is debunking common myths and misconceptions about domestic violence. Understanding the reality of domestic violence is crucial for supporting survivors and creating effective prevention and intervention strategies.  Below, we explain some common myths about domestic violence and the truths that debunk them. Myth 1: Domestic Violence Only Involves Physical

how to reward your employees

5+ Creative Ways to Reward Your Employees (Without Money!)

Employee motivation is the cornerstone of a thriving workplace. While 80% of employees say they would work harder if they felt better appreciated, over 29% of employees haven’t received recognition for good work in over a year, if at all.  Monetary rewards play a significant role. However, there’s a plethora of alternative ways to incentivize your employees that go beyond a paycheck.  In this blog, we’ll explain how to reward your employees without money, and provide you with a variety