Intrapreneurship: Where the mind is without fear

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issues/intrapreneurship

Where the mind is without fear Intrapreneurship helps both the employee and the employer unlock their hidden potential and take the innovation route /Vimarsh Bajpai

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re you planning to quit your job to realize your dream of becoming an entrepreneur? Think again. You may get the “freedom” to hone your entrepreneurial skills within your workplace itself. As Indian companies across sectors devise new strategies to compete in the global marketplace, they are learning the importance of retaining their best brains at any cost. They are tapping, like never before, into the most valu-

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able resource at their disposal – the idea bank of their best employees. Not only this, big businesses are taking to 'decentralization' in a big way, slicing their behemoth operations into small units, each run independently by the new-age manager – the intrapreneur. Management consultant Gifford Pinchot coined the word ‘intrapreneur’ back in 1978. He later dealt at length on the subject in his bestselling book, Intrapreneuring: Why You Don’t

Have to Leave the Corporation to Become an Entrepreneur. Pinchot elaborated on the importance of freedom to think and act within a corporation. He also showed how companies could stay on the leading edge by fostering intrapreneurship at all levels of corporate hierarchy. “Dynamic and competitive business environments of modern organizations are increasingly pressurizing them to become more receptive

JANUARY 2008

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