- Intel: Intel’s New Business Initiative (NBI) provides a space for employees to pitch their business ideas and receive funding.
- Dreamworks Pictures: Employees are taught the art of formulating a pitch and are given the opportunity to practice in front of senior executives.
- Google: Google used to have a program called ‘20% Time’ which allowed its engineers to spend 20 per cent of their time on projects that interested them. During this time, employees could dabble in ideas without a superior breathing down their neck, telling them what to do and what not to do. It was discontinued a few years back but replaced with a team that helmed creative thinking and ideation.
Encouraging intrapreneurship is a great way to drive employees engagement. When employees are exposed to a culture where their ideas can drive remarkable changes, it fosters ownership and problem-solving skills. If their ideas are heard by the organisation, they feel appreciated and recognised.Ways to Encourage Intrapreneurship in the Workplace Creating a culture within your organisation that encourages and rewards creativity is an attainable goal. The trick is to provide your employees with the freedom to express their talents and think like entrepreneurs. Here are a few steps that will help your company move toward this culture:
- Risk and Failure are Inevitable, Embrace Them Most employees are afraid of employing their creativity at work. This stems from the fear of job safety, should they challenge existing norms. To help employees overcome this fear, you need to be open to feedback and accept that there might be operational issues which you aren’t aware of. Your employees can come up with better ideas for growth hurdles, which you never imagined as an organization before. Unless your employees feel like they are being heard, their productivity will drop. They will stop sharing their innovative ideas and can possibly start looking for better opportunities. The idea of encouraging employees to share their ideas at work and assuring that their failures won’t be penalised goes a long way in taking off the pressure and letting intrapreneurs thrive.
- Reward Ideas and Productivity Everyone likes to be rewarded for a job well done and intrapreneurs are no different. Rewarding such employees for a great idea devised or executed goes a long way in building loyalty and encourages engagement at work. Rewards don’t have to be monetary either. Handing out an appreciation card in front of their team and a few words to say kudos, can do wonders in fostering employees engagement.
- Organise Events that Encourage Intrapreneurial Ideas Organising events is a great way to discover budding intrapreneurs within your organisation and encourage them. Events can range from team activities to hackathons, which include metrics to help identify intrapreneurs. Intrapreneurs usually come up with unique and interesting ideas during such events. For every good idea, you might receive nine bad ones but it’s important to let the creative process flow.
- Example of an Event That Made a Difference Interestingly, the ‘Like’ button of Facebook came out of such a hackathon when a junior staff member pitched this idea. The global thumbs up that Facebook has received since the launch of its ‘Like’ feature is a testament to what a simple idea can do for an organisation.
- Leverage Technology To Your Benefit If it’s not possible for employees to approach senior management directly, create a single and secure platform where employees can post their ideas for careful consideration. You can use an HRMS software like Cilfi HRM and create modules to help employees upload their ideas right away from anywhere and anytime. Cilfi's incredible employee self-service (ESS) feature is easy to configure and use, making it simpler for your employees to submit their inputs and ideas. Aside from ESS, Cilfi also has dedicated modules for employee lifecycle management and core HR functions, ensuring that your employees are managed to the best of your company's ability.