Podcast
Questions and Answers
Which of the following best describes intrapreneurship?
Which of the following best describes intrapreneurship?
- Starting a new business venture independently.
- Acting like an entrepreneur within a company or organization. (correct)
- Investing in external startups to foster innovation.
- Primarily focusing on cost-cutting measures within a business.
Intrapreneurs typically bear the personal financial risk of failure in their innovative projects.
Intrapreneurs typically bear the personal financial risk of failure in their innovative projects.
False (B)
Name three characteristics commonly associated with intrapreneurs.
Name three characteristics commonly associated with intrapreneurs.
Self-motivated, proactive, and action-oriented
One of the benefits of encouraging intrapreneurship is that it can lead to the success of the department or the ______ as a whole.
One of the benefits of encouraging intrapreneurship is that it can lead to the success of the department or the ______ as a whole.
Match each of the following descriptions with the corresponding term from the SWOT analysis related to intrapreneurship
Match each of the following descriptions with the corresponding term from the SWOT analysis related to intrapreneurship
How is the approach to risk typically different between an entrepreneur and an intrapreneur?
How is the approach to risk typically different between an entrepreneur and an intrapreneur?
A primary challenge for intrapreneurs is often securing external market credibility.
A primary challenge for intrapreneurs is often securing external market credibility.
Name one advantage intrapreneurs have over entrepreneurs related to accessing resources.
Name one advantage intrapreneurs have over entrepreneurs related to accessing resources.
Unlike entrepreneurs, intrapreneurs typically operate within a given company ______ which can present its own challenges.
Unlike entrepreneurs, intrapreneurs typically operate within a given company ______ which can present its own challenges.
Match each role with the time constraints they typically face.
Match each role with the time constraints they typically face.
Which of the following is considered an 'Importance of Intrapreneurship'?
Which of the following is considered an 'Importance of Intrapreneurship'?
Intrapreneurs focus solely on profit-sharing agreements to measure success.
Intrapreneurs focus solely on profit-sharing agreements to measure success.
Name two characteristics of intrapreneurs.
Name two characteristics of intrapreneurs.
A self-proclaimed '______' Ken Kutaragi, worked with Nintendo developers to make the PlayStation a reality.
A self-proclaimed '______' Ken Kutaragi, worked with Nintendo developers to make the PlayStation a reality.
The original PlayStation idea was embraced from the start and quickly rolled out.
The original PlayStation idea was embraced from the start and quickly rolled out.
Match the activity with the type of entrepreneur
Match the activity with the type of entrepreneur
What is the primary goal of a social entrepreneur?
What is the primary goal of a social entrepreneur?
Social entrepreneurs do not need to be financially savvy to succeed.
Social entrepreneurs do not need to be financially savvy to succeed.
Public entrepreneurs act within ______ and blend the roles of a public servant and an entrepreneur.
Public entrepreneurs act within ______ and blend the roles of a public servant and an entrepreneur.
Match the following concepts with their characteristic:
Match the following concepts with their characteristic:
Which is a limiting factor for public sector entrepreneurs?
Which is a limiting factor for public sector entrepreneurs?
Government entrepreneurship does not pertain to social entrepreneurship.
Government entrepreneurship does not pertain to social entrepreneurship.
What does NPS stand for?
What does NPS stand for?
The New Public Management approach suggests that managers be more ______ and use business-sector, market-oriented principles to improve efficiency.
The New Public Management approach suggests that managers be more ______ and use business-sector, market-oriented principles to improve efficiency.
Match the phrase with correct idea
Match the phrase with correct idea
What is the first step in policy entrepreneurs strategy?
What is the first step in policy entrepreneurs strategy?
A policy entrepreneur does not consider other people's opinions.
A policy entrepreneur does not consider other people's opinions.
Who coined the term 'Policy Entrepreneur'?
Who coined the term 'Policy Entrepreneur'?
For policy entrepreneurs, ______ is essential.
For policy entrepreneurs, ______ is essential.
Match the entrepreneur to their position:
Match the entrepreneur to their position:
Which of these options are defining features of policy entrepreneurship?
Which of these options are defining features of policy entrepreneurship?
Public entrepreneurs are also called private entrepreneurs.
Public entrepreneurs are also called private entrepreneurs.
How does New Public Service (NPS) differ from New Public Management (NPM) in its view of individuals?
How does New Public Service (NPS) differ from New Public Management (NPM) in its view of individuals?
Ralph Nader began a successful career pushing ideas about ______.
Ralph Nader began a successful career pushing ideas about ______.
Match the type of entrepreneur with their definition.
Match the type of entrepreneur with their definition.
Flashcards
Intrapreneurship
Intrapreneurship
A system that allows an employee to act like an entrepreneur within a company or organization.
Intrapreneurs
Intrapreneurs
Individuals within a company who are self-motivated, proactive, and action-oriented, taking the initiative to pursue innovative products or services.
Advantage of Intrapreneurship
Advantage of Intrapreneurship
Using entrepreneurial skills within a company for the benefit of both the company and the employee.
Intrapreneur Characteristics
Intrapreneur Characteristics
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Intrapreneurship Benefit
Intrapreneurship Benefit
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Intrapreneur
Intrapreneur
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Entrepreneur
Entrepreneur
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Risk for Intrapreneur
Risk for Intrapreneur
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Risk for Entrepreneur
Risk for Entrepreneur
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Intrapreneur abilities
Intrapreneur abilities
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Importance of Intrapreneurship
Importance of Intrapreneurship
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McDonald's Happy Meal Idea
McDonald's Happy Meal Idea
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McDonald's Happy Meal Result
McDonald's Happy Meal Result
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The Post-It Note Idea
The Post-It Note Idea
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The Post-It Note Result
The Post-It Note Result
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Sony PlayStation Idea
Sony PlayStation Idea
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Sony PlayStation Result
Sony PlayStation Result
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Starbucks Idea
Starbucks Idea
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Starbucks Result
Starbucks Result
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Social Entrepreneur
Social Entrepreneur
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Goal of Social Entrepreneur
Goal of Social Entrepreneur
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Examples of Social Entrepreneurship
Examples of Social Entrepreneurship
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Social Entrepreneurship Purpose
Social Entrepreneurship Purpose
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Public Entrepreneurs
Public Entrepreneurs
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Limiting Factors in Public Sector
Limiting Factors in Public Sector
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Government's Social Entrepreneurship
Government's Social Entrepreneurship
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New Public Management (NPM)
New Public Management (NPM)
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NPM Focus
NPM Focus
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Ten NPM Principles
Ten NPM Principles
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Benefits of NPM techniques
Benefits of NPM techniques
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New Public Service (NPS)
New Public Service (NPS)
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Key Principle of NPS
Key Principle of NPS
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Public Sector Innovation Process
Public Sector Innovation Process
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Entrepreneurship
Entrepreneurship
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Broader Definition of Entrepreneur
Broader Definition of Entrepreneur
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Policy Entrepreneur
Policy Entrepreneur
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How Policy Entrepreneurs Work
How Policy Entrepreneurs Work
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Policy Entrepreneur's Characteristics
Policy Entrepreneur's Characteristics
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Michael Mintrom definition of Policy Entrepreneur
Michael Mintrom definition of Policy Entrepreneur
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Michael Mazarr definition of Policy Entrepreneur
Michael Mazarr definition of Policy Entrepreneur
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Political Entrepreneur
Political Entrepreneur
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Study Notes
Intrapreneurship
- Intrapreneurship allows an employee to act like an entrepreneur within an organization
- Intrapreneurs are self-motivated, proactive, and action-oriented
- They take initiative to pursue innovative products or services
- An intrapreneur doesn't bear the personal cost of failure, as the organization absorbs losses
Understanding Intrapreneurship
- Employees utilize entrepreneurial skills for their and the company's benefit
- Employees get freedom to experiment and have potential for growth
- Fosters autonomy, independence, and resolution-seeking
- Employers benefit from encouraging intrapreneurship, contributing to departmental/company success
- These employees are self-starters,goal oriented and ambitious
- Intrapreneurs may take risks, handle multiple tasks, and seek new challenges
- Intrapreneurship serves as a step towards entrepreneurship
Characteristics of Intrapreneurs
- Able to resolve issues through increased productivity or cutting costs
- Possess leadership skills and think outside the box
- Are comfortable being uncomfortable
- Driven by innovation and are able to interprete trends
Examples of Intrapreneurship
- Dick Brams, St. Louis McDonald’s manager, pitched the Happy Meal idea in 1977.
- Two years later, McDonald’s launched the circus-themed Happy Meal
- Three million Happy Meals are sold every day, becoming essential to McDonald’s.
- 3M's Spencer Silver invented a sticky adhesive
- Art Fry, another 3M employee, found a use for sticky notes and together they developed the post-it note
- Post-Its now generate ~$1 billion annually.
- Sony junior staff member Ken Kutaragi worked with Nintendo to create the PlayStation.
- Nintendo rejected the idea, but Sony Computer Entertainment (SCE) has become the company’s most profitable business line.
- Kutaragi became CEO of SCE and "The Father of the PlayStation."
- Starbucks, founded in 1971, aimed to be a "third place" for customers
- One barista chose to write customer names on cups
- The company launched advertising to promote this personalized touch.
- This approach is used four billion times a year at 30,000 locations globally
Social Entrepreneur
- Pursues novel applications with the potential to solve community-based problems
- Takes risks and puts in efforts to create positive changes in society through their initiatives
- Is interested in starting a business for greater social good and not just profits
- The main goal isn't to earn a profit, but rather to implement widespread improvements in society
- A social entrepreneur must still be financially savvy to succeed in his/her cause
- Examples include microfinance institutions, educational programs, and banking services in underserved areas
Public Entrepreneurs
- Public entrepreneurs act within government
- Is a blend of a public servant and an entrepreneur
- Future public servants must think and act like an entrepreneur
- This includes – building new relationships, leveraging resources, working across sector lines and acting fast
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