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Intrapreneurship in Organizations

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Questions and Answers

What is the primary reason for promoting an intrapreneurial environment within a company?

To encourage, promote, and instill in the entrepreneur the drive to pursue innovative ideas to reality.

What is the outcome of supporting intrapreneurial behaviors within a company culture?

An increase in the number of innovations developed, leading to new products and services launched into both established and new markets.

What is the characteristic of ideas in an intrapreneurial environment?

Ideas are 'spur of the moment' things and belong to no one else but to the person who got the idea.

What is the attitude towards failure in an intrapreneurial environment?

Failures should not be frowned upon, and trial and error should be encouraged. Signup and view all the answers

What is the role of top management in creating an intrapreneurial environment?

Top management support is necessary for creating a successful intrapreneurial environment. Signup and view all the answers

What is the purpose of an innovation strategy in an intrapreneurial environment?

To set out guiding principles for how the company will grow its market share through product and service innovation. Signup and view all the answers

What is the significance of providing support to intrapreneurs in an organization?

To provide the needed resources Signup and view all the answers

What is the importance of the 'different Ms of management' in supporting intrapreneurs?

To make available resources such as men, money, methods, materials, markets, media, and moment (time) Signup and view all the answers

How does a teamwork approach contribute to the success of intrapreneurial activities in an organization?

It encourages collaboration and maximizes the drive to succeed Signup and view all the answers

What is the purpose of instituting a reward program for intrapreneurs in an organization?

To motivate intrapreneurs to contribute to the growth of the company Signup and view all the answers

What type of company culture is necessary to support intrapreneurs?

An innovative company culture Signup and view all the answers