Intrapeneurship - The Key to Sustaining Nigerian Instituitions

8/6/2019 Intrapeneurship - The Key to Sustaining Nigerian Instituitions

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INTRAPRENEURSHIP- The secret of organizations that are

built to last.

By: Omonike Odi

6/25/2011

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BUILT TO LAST

Jerry Porras and Jim Collins are the authors of the

book built to last and in their book they define

an organization that is built to last as one which is

a premier institution in its industry, widelyadmired by its peers and has a long track record of

making a significant impact on the world around

it.

Such an organization can prosper far beyond the

presence of any single leader or founder and

through multiple life cycles .

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FOOD FOR THOUGHT

The majority of organizations in Nigeria are not

built to last, WHY?

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INTRAPRENEURSHIP

WHO IS AN INTRAPRENEUR?

The intrapreneur is an employee of the organizationwho behaves like an entrepreneur.

Intrapreneurs embody the same characteristics as theentrepreneur like conviction, passion, innovation,creativity and drive.

He is a risk taker who transforms his ideas intoprofitable ventures for the benefit of his organization.

He practices entrepreneurship while operating withinthe organizational environment and his business ideasare closely tied to goals and the core mission of thecompany.

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THE INTRAPRENEUR

HOW DOES HE THINK-as a man thinketh so is he!

An Intrapreneur thinks like an entrepreneur

seeking out opportunities, which benefit the

corporation.

He thinks like a CEO

WHAT DOES HE DO?

He leads, he creates, he innovates, he takesownership and responsibility.


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THE EMPLOYEE

WHO IS HE?

The employee is an individual who works within the

organization to achieve its corporate goals in

exchange for wages.

HOW DOES HE THINK? -as a man thinketh so is he!

He thinks about his work. He wants to do what he

has been asked to do and collect his salary at theend of the month, FINISH!

He does not see the big picture or know how his

work ties up to what the organization wants to

achieve. 6/25/2011

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THE EMPLOYEE

WHAT DOES HE DO

He takes instruction from his boss, his colleagues

and his customers and does what he is told.

He channels the problems in his environment to

the management, from customer complaints to

work- related problems. Like most Nigerians, he is

also waiting for the government!


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TRUE OR FALSE?

NIGERIAN COMPANIES ARE MADE UP OF MORE

EMPLOYEES THAN INTRAPRENEURS.


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INTRAPRENEUR VS EMPLOYEE

EMPLOYEE

An employee knows

what he earned lastmonth

An employee is

looking for what hecan get from theorganization

INTRAPRENEUR

An intrapreneur also

knows how much thecompany earned last

month

An intrapreneur is also

looking for what he can

give what he can leave

behind, what he will be

remembered for6/25/2011

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EMPLOYEE

An employee works as if it

is not my fathersbusiness

Employees are instruction-driven. They wait to be

given opportunity to

implement their ideas.

INTRAPRENEUR

An intrapreneur works as if

he is building his fathersbusiness or as if his children

will one day work in this

company.

Are inspiration driven.

They earn the right to

implement their ideas

within the organization.

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EMPLOYEE

An employee is

concerned aboutpaychecks,

promotion packages

and benefits

INTRAPRENEUR

An intrapreneur is

also concerned

about business

development

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EMPLOYEE

Employees work to please

the boss.

Employees are condition

motivated and externally

driven

INTRAPRENEUR

Intrapreneurs work because

they want to be the best atwhat they do

Intraprenuers are self

motivated and internally

driven

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WE NEED MORE INTRAPRENEURS

The secret to building a company that can prosper far

beyond the presence of any single leader and

through multiple life cycles is developing the spirit

of intrapreneurship in our organizations


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CHALLENGES OF

INTRAPRENEURSHIP

Lack of enabling environments

More employees, less intrapreneurs


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BENEFITS OF ENCOURAGING

INTRAPRENEURSHIP

Develops an organization that is built to last

Flow of new and innovative ideas within the company

Dedicated work from the employees

Employee retention Good relation between employee & employer

Internal stability.

Cost effectiveness by leveraging on the competencies and theassets within the organization

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BENEFITS OF BEING AN

INTRAPRENEUR Intrapreneurs have access to capital that is not their own to fund their

ideas

They can leverage on the brand of their organization to get their ideasto take root

They are developed in the process-they they become the bestentrepreneurs. They develop good Project management skills- riskmanagement , planning skills, management skills.

In some places, intrapreneurs have been known to own equity in theorganizations they help to build in addition to monthly pay checks andretirement packages.

Manpower- Intrapreneurs do not have to worry about finding thetalent to get tasks performed

They can also take advantage of connections, experience, and skillsavailable to the company.

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DEVELOPING INTRAPRENEURS IN

ORGANIZATIONSENCOURAGE STAFF TO:

Spot ways to improve service, save time, savemoney, or make life easier

Think of creating variations of currentproducts / services

Think of your product, process and company

from the customers point of view Find ways to improve the quality of products

or services

Find new ways to get the job done quicker orsmarter 6/25/2011

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DEVELOPING INTRAPRENEURS IN

ORGANIZATIONS

Find new ways to improve your current way of

doing business

F

ind out what the competition is doingdifferently

Capture new sources of supply that cut costs

Find ways to make:

More customers buy what you produce

More products customers want to buy

Customers payMore

for what you produce6/25/2011By: Omonike Odi

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POINTS TO CONSIDER IN

SUMMARY

HOW MANY ORGANIZATIONS IN NIGERIA TODAY WILL STILL

BE IN EXISTENCE IN A HUNDRED YEARS?


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THANK YOU

6/25/201120 By: Omonike Odi

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Intrapeneurship - The Key to Sustaining Nigerian Instituitions