In the complex environment that Business Leaders operate in, HR needs the Right Mindset & Velocity – The ability to move at a fast pace yet deliver the results and make an impact. HR needs Innovation. When was the last time when you heard of a truly innovative HR practice?
My big idea is that the world of HR today needs Intraprenuers. So, who are Intrapreneurs , what are their characteristics and what do they do ?
Intraprenuership is the act of behaving like an Enterprenuer while working for a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship. – Wikipedia
Your company’s culture is your Brand. What does the culture of your company signify ? Do employees feel empowered to take risks and innovate ? Or do they wait for permission from formal authorities and chain management ? That is truly telling of a company’s culture.
What is the collective response to failed projects in the organization? That determines Talent attitude to try things until successful, learning from failures, attempting to conserve resources and become an intraprenuer.
Intraprenuers are self motivated individuals , creative and risk takers. Intraprenuers think and behave like owners. For entrepreneurial types, the increase in red-tape and bureaucracy in a large organization can be unbearable. They are always looking for new, better and smarter way of doing things in a large organization.
Some of the typical characteristics of intraprenuers –
- They embrace failures and mistakes.
- They are looking for newer ideas.
- They are always learning and always curious
- Money isn’t their primary motivator
- They aren’t afraid to ask questions.
Intel has a tradition of implementing intrapreneurship. Google is also known to be intrapreneur friendly, allowing their employees to spend up to 20% of their time to pursue projects of their choice.
If you are interested in tapping into the potential of your intrapreneurs to foster innovation in your organization , then HR needs to do this – Acknowledge, Identify, Welcome their ideas, Give them a chance and Forgive them for mistakes or failures.
They are driven by the need to create something new and better and create a better world. After all , that’s how innovation would take place in HR .
P.S – I am going to be at SHRM India Annual Conference, the most exciting and premier HR event in India. The Theme- Velocity – Speed of Execution and Focus in Business is exactly what HR needs today. Hope to see you there too. www.shrmiac.org