“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” – Peter Drucker
What is an internal entrepreneur?
An internal entrepreneur is known as an intrapreneur (makes part of intrapreneurship) and is defined as “a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation”. They are usually very motivated, with a high drive towards completing the job at a fast pace with efficiencey (action-oriented) who are comfortable with taking the initiative, regardless of the boundaries that the organisation or the entrepreneurial world imposes over them, they are in a constant pursuit of an innovative product or service. Their behaviour can be characterised through the ability of thinking outside the box which includes smart and clear minded risk-taking with an emphasis on leadership, these traits combined are also what make a successful entrepreneur.
Being an internal entrepreneur can be as exciting and challenging as being one on the outside. In addition, almost every department and position within an organization can benefit from an “intrapreneur”. There are always new ways to approach products and processes. The internal entrepreneur will spend the extra time and energy, after completing their assigned tasks, to make their product or processes better and more efficient.
There is a danger in being innovative inside of an organization. When an organization is closed to an innovation mindset or rigid in its policies and procedures it can be “politically” hazardous to inspire change as it can be misinterpreted as rebellious or counter-culture. Fortunately in today’s corporate environments this is less common and internal entrepreneurs are allowed to express their ideas.
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