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Mentor’s Thoughts Week 49: Intrapreneurship: Entrepreneurship in the Corporate World

If we believe entrepreneurship is the state of the mind, then anyone of us can act as an entrepreneur.  While in the past, employees of companies did jobs assigned to them and just took instructions and performed predefined duties, today corporate entrepreneurship or Intrapreneurship is redefining the work   in the business world.  Gone are the days where individuals were either entrepreneurs or corporate employees. Intrapreneurship or being an entrepreneur while you work inside an organization is helping companies redefine business strategies that help them compete with new players how are more nimble.  Promulgating entrepreneurship within a larger corporate body or organization allows the creative power of many employees redefine the business processes, create new products or services and make companies more competitive to remain viable.

What about us as individuals who have it in us but are not quite ready to take the plunge as entrepreneurs? Well, Intrapreneurship may be the way forward for individuals who possess the passion for entrepreneurship but are not willing to risk everything in order to attain their entrepreneurial dreams. Intrapreneurship provides these individuals with a safe and stable environment to pursue entrepreneurship. This not only benefits the individuals working on the entrepreneurial projects but it also benefits the corporations which provides them with the impetus to engage in entrepreneurial ventures. Corporations need to engage in entrepreneurship to remain relevant and sustainable in this ever-dynamic world where change is the only constant. Therefore, by promoting intrapreneurship, these corporations are in effect giving their businesses a new lease of life.

Innovation and the enterprising spirit have become important ingredients for success in businesses. Keeping that in mind, large corporations should seek individuals who demonstrate these traits to be at the frontlines of intrapreneurship. These individuals can operate within the larger framework of the organization and uphold the company’s culture and best interests. It need not be mutually exclusive. In fact, Intrapreneurs and the corporations they work within both stand to benefit from engaging in entrepreneurship.

Entrepreneurship does not have to be at the expense of the company’s structure or culture.

I for one feel that Intrapreneurship is the right step in the right direction for every employee of any organization for both the employee as well as the employer. An amalgamation of corporate structure and entrepreneurial culture, it is indeed the best of both worlds and the best way to start your entrepreneurship journey. I started mine at Texas Instruments where I started a new business for my company, converting scrap into useful products and grew it to a US$200m revenue business, as an employee of the company.

If we believe entrepreneurship is the state of the mind, then anyone of us can act as an entrepreneur.  While in the past, employees of companies did jobs assigned to them and just took instructions and performed predefined duties, today corporate entrepreneurship or intrapreneurship is redefining the work   in the business world.  Gone are the days where individuals were either entrepreneurs or corporate employees. Intrapreneurship or being an entrepreneur while you work inside an organization is helping companies redefine business strategies that help them compete with new players how are more nimble.  Promulgating entrepreneurship within a larger corporate body or organization allows the creative power of many employees redefine the business processes, create new products or services and make companies more competitive to remain viable.

What about us as individuals who have it in us but are not quite ready to take the plunge as entrepreneurs? Well, Intrapreneurship may be the way forward for individuals who possess the passion for entrepreneurship but are not willing to risk everything in order to attain their entrepreneurial dreams. Intrapreneurship provides these individuals with a safe and stable environment to pursue entrepreneurship. This not only benefits the individuals working on the entrepreneurial projects but it also benefits the corporations which provides them with the impetus to engage in entrepreneurial ventures. Corporations need to engage in entrepreneurship to remain relevant and sustainable in this ever-dynamic world where change is the only constant. Therefore, by promoting Intrapreneurship, these corporations are in effect giving their businesses a new lease of life.

Innovation and the enterprising spirit have become important ingredients for success in businesses. Keeping that in mind, large corporations should seek individuals who demonstrate these traits to be at the frontlines of Intrapreneurship. These individuals can operate within the larger framework of the organization and uphold the company’s culture and best interests. It need not be mutually exclusive. In fact, Intrapreneurs and the corporations they work within both stand to benefit from engaging in entrepreneurship.

Entrepreneurship does not have to be at the expense of the company’s structure or culture.

I for one feel that Intrapreneurship is the right step in the right direction for every employee of any organization for both the employee as well as the employer. An amalgamation of corporate structure and entrepreneurial culture, it is indeed the best of both worlds and the best way to start your entrepreneurship journey. I started mine at Texas Instruments where I started a new business for my company, converting scrap into useful products and grew it to a US$200m revenue business, as an employee of the company.

Inderjit Singh

About Inderjit Singh

Inderjit Singh
Inderjit Singh, an engineer by training, has over 6 successful start-ups under his belt. His experience in building companies spans over 14 years. He has built very large multi-million dollar companies, including high tech companies, from scratch and is very passionate about entrepreneurship. A Member of Parliament (MP), he has been pushing entrepreneurial causes throughout his term as an MP.

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