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Intrapreneurial Mindset

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Tathagat Varma
Tathagat Varma

The document discusses building an intrapreneurial mindset within large corporations. It defines intrapreneurship as entrepreneurship within an organization. While decentralization can help address issues caused by large size, it is not enough on its own. True problem-solving requires giving decisions to those who achieve successful results, not those who are just inoffensive or politically skilled. What is needed is something like free market entrepreneurship within the corporate structure. This would create internal innovation and responsiveness in a way that benefits both individuals and the organization.

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Building an Intrapreneurial Mindset Tathagat Varma Country Manager, Nerdwallet
Intrapreneurship… “Today's large corporations are suffering from size. They are so large that the managers making decisions are often isolated from a personal knowledge of the problems to be solved. The traditional answer for this situation is decentralization. Unfortunately, decentralization alone is not enough. In a hierarchical organization, promotions can be won by social graces, loyalty to one's boss, and in general, political skills. Courage, original thought, and ability to observe the obvious but overlooked fact, do not necessarily lead to success. If we are to get really good problem-solving in our decentralized corporation,- we must introduce a system that gives the decision to those who get successful results., not to the inoffensive. Such people will be willing to take moderate risks and will be more concerned with achieving results than with gaining influence. These are among the characteristics of the successful entrepreneur. What is needed in the large corporation is not more semi-independent departments run by hard-driving yes men'. but something akin to free market entrepreneurship within the corporate organization. Such a new way of doing business would be a social invention of considerable importance, both for the individuals in it, and for the productivity and responsivity of the corporation.” Gifford and Elizabeth Pinchot, 1978 http://www.intrapreneur.com/MainPages/History/IntraCorp.html
Intrapraneur? Entrepreneur inside an organization
Challenges!!!
So, how to proceed?
http://www.pinchot.com/2011/11/the-intrapreneurs-ten-commandments.html 1. Ask for advice before asking for resources. 2. Express gratitude. 3. Build your team; intrapreneuring is not a solo activity. 4. Share credit widely. 5. Keep the best interests of the company and its customers in mind, especially when you have to bend the rules or circumvent the bureaucracy. 6. Don't ask to be fired; even as you bend the rules and act without permission, use all the political skill you and your sponsors can muster to move the project forward without making waves.
Thinking Tools (examples) Tactical: • Scratch your own itch + Org data Creative: • SIT Method Strategic: • Three Box Solution Execution: • Design Thinking + Lean Startup + Agile
Creative
Strategic Box 1 Manage the Present Box 2 Selectively Forget the Past Box 3 Create the Future
Execution
Mindset • Purpose, Vision, Big Picture, Passion, Drive, North Star, Inner Calling, “Sell” • Beginner’s Mindset “Shoshin”, Observe, Curious, Empathetic, Learner, Improvement seeker • Risk-taker, Courage, Challenge Status Quo, Tinkerer, Maker, Scientific Mind, Bias for Action, Experiment, Prototype, Seek feedback, Keep Moving, Grit • Share, Collaborate, Relationship, Network builder, Scale • Initiative, Accountability, Ownership, Perseverance, Go Getter…Finisher!
Recap
References • https://mitsloan.mit.edu/ideas-made-to-matter/a-guide-to-intrapreneurship • https://www.virgin.com/entrepreneur/be-inspired-five-brilliant-examples-intrapreneurship-action • http://www.startuplessonslearned.com/2010/06/what-is-startup.html • http://www.sitsite.com/method/ • https://www.cbsnews.com/news/great-intrapreneurs-in-business-history/ • https://www.cbsnews.com/news/how-they-did-it-seven-intrapreneur-success-stories/ • https://www.virgin.com/entrepreneur/be-inspired-five-brilliant-examples-intrapreneurship-action • https://unyscape.com/10-inspiring-examples-of-indian-intrapreneurship/ • https://www.managers.org.uk/insights/news/2015/august/high-five-the-best-examples-of- intrapreneurship-in-action • https://cisco.innovationchallenge.com/cisco-global-problem-solver-challenge-2019 •

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Intrapreneurial Mindset

  • 1. Building an Intrapreneurial Mindset Tathagat Varma Country Manager, Nerdwallet
  • 2. Intrapreneurship… “Today's large corporations are suffering from size. They are so large that the managers making decisions are often isolated from a personal knowledge of the problems to be solved. The traditional answer for this situation is decentralization. Unfortunately, decentralization alone is not enough. In a hierarchical organization, promotions can be won by social graces, loyalty to one's boss, and in general, political skills. Courage, original thought, and ability to observe the obvious but overlooked fact, do not necessarily lead to success. If we are to get really good problem-solving in our decentralized corporation,- we must introduce a system that gives the decision to those who get successful results., not to the inoffensive. Such people will be willing to take moderate risks and will be more concerned with achieving results than with gaining influence. These are among the characteristics of the successful entrepreneur. What is needed in the large corporation is not more semi-independent departments run by hard-driving yes men'. but something akin to free market entrepreneurship within the corporate organization. Such a new way of doing business would be a social invention of considerable importance, both for the individuals in it, and for the productivity and responsivity of the corporation.” Gifford and Elizabeth Pinchot, 1978 http://www.intrapreneur.com/MainPages/History/IntraCorp.html
  • 5. So, how to proceed?
  • 6. http://www.pinchot.com/2011/11/the-intrapreneurs-ten-commandments.html 1. Ask for advice before asking for resources. 2. Express gratitude. 3. Build your team; intrapreneuring is not a solo activity. 4. Share credit widely. 5. Keep the best interests of the company and its customers in mind, especially when you have to bend the rules or circumvent the bureaucracy. 6. Don't ask to be fired; even as you bend the rules and act without permission, use all the political skill you and your sponsors can muster to move the project forward without making waves.
  • 7. Thinking Tools (examples) Tactical: • Scratch your own itch + Org data Creative: • SIT Method Strategic: • Three Box Solution Execution: • Design Thinking + Lean Startup + Agile
  • 11. Mindset • Purpose, Vision, Big Picture, Passion, Drive, North Star, Inner Calling, “Sell” • Beginner’s Mindset “Shoshin”, Observe, Curious, Empathetic, Learner, Improvement seeker • Risk-taker, Courage, Challenge Status Quo, Tinkerer, Maker, Scientific Mind, Bias for Action, Experiment, Prototype, Seek feedback, Keep Moving, Grit • Share, Collaborate, Relationship, Network builder, Scale • Initiative, Accountability, Ownership, Perseverance, Go Getter…Finisher!
  • 12. Recap
  • 13. References • https://mitsloan.mit.edu/ideas-made-to-matter/a-guide-to-intrapreneurship • https://www.virgin.com/entrepreneur/be-inspired-five-brilliant-examples-intrapreneurship-action • http://www.startuplessonslearned.com/2010/06/what-is-startup.html • http://www.sitsite.com/method/ • https://www.cbsnews.com/news/great-intrapreneurs-in-business-history/ • https://www.cbsnews.com/news/how-they-did-it-seven-intrapreneur-success-stories/ • https://www.virgin.com/entrepreneur/be-inspired-five-brilliant-examples-intrapreneurship-action • https://unyscape.com/10-inspiring-examples-of-indian-intrapreneurship/ • https://www.managers.org.uk/insights/news/2015/august/high-five-the-best-examples-of- intrapreneurship-in-action • https://cisco.innovationchallenge.com/cisco-global-problem-solver-challenge-2019 •