5
arguments
why
companies should practice
intrapreneurship
arguments
why
companies should practice
intrapreneurship
1. Innovation
Intrapreneurship encourages employees to think creatively and come up with new ideas, which can lead to innovation within the company. According to a survey by Deloitte, 94% of executives believe that innovation is important for their business, and 65% of them believe that innovation is critical to their company's success.
2. Competitive Advantage
By fostering a culture of intrapreneurship, companies can gain a competitive advantage in their industry. According to a study by Harvard Business Review, companies that embrace intrapreneurship are more likely to be market leaders in their industries.
3. Employee Engagement and Retention
Intrapreneurship gives employees the opportunity to take ownership of their work and make a meaningful impact on the company. This can lead to increased employee engagement and retention. A study by Gallup found that companies with high employee engagement have 21% higher profitability than those with low engagement.
4. Improved Financial Performance
Intrapreneurship can lead to improved financial performance for companies. According to a study by Accenture, companies that prioritize innovation and intrapreneurship have 2.3 times higher cash flow growth and 2.6 times higher profit growth than companies that do not.
5. Adaptability to Change
Intrapreneurship can help companies adapt to changes in the market and stay ahead of the competition. According to a report by PwC, 61% of CEOs believe that innovation and disruption will impact their industry more in the next 5 years than in the past 50 years. By fostering a culture of intrapreneurship, companies can better adapt to these changes and stay relevant.
Intrapreneurship encourages employees to think creatively and come up with new ideas, which can lead to innovation within the company. According to a survey by Deloitte, 94% of executives believe that innovation is important for their business, and 65% of them believe that innovation is critical to their company's success.
2. Competitive Advantage
By fostering a culture of intrapreneurship, companies can gain a competitive advantage in their industry. According to a study by Harvard Business Review, companies that embrace intrapreneurship are more likely to be market leaders in their industries.
3. Employee Engagement and Retention
Intrapreneurship gives employees the opportunity to take ownership of their work and make a meaningful impact on the company. This can lead to increased employee engagement and retention. A study by Gallup found that companies with high employee engagement have 21% higher profitability than those with low engagement.
4. Improved Financial Performance
Intrapreneurship can lead to improved financial performance for companies. According to a study by Accenture, companies that prioritize innovation and intrapreneurship have 2.3 times higher cash flow growth and 2.6 times higher profit growth than companies that do not.
5. Adaptability to Change
Intrapreneurship can help companies adapt to changes in the market and stay ahead of the competition. According to a report by PwC, 61% of CEOs believe that innovation and disruption will impact their industry more in the next 5 years than in the past 50 years. By fostering a culture of intrapreneurship, companies can better adapt to these changes and stay relevant.
EBA hosted workshop "Business Transformation: Customer Orientation"
25.04.2019
Statistics argue: 80-90% of the transformational changes turning into a fiasco.
However, such distinctive features as appointment, customer orientation and strategic flexibility are key components of the development of innovations and values in today's fast-moving VUCA world.
Mykola Takzey and Pavlo Ryzhiy conducted a workshop for members of the European Business Association: "Business Transformation: Customer Orientation".
Statistics argue: 80-90% of the transformational changes turning into a fiasco.
However, such distinctive features as appointment, customer orientation and strategic flexibility are key components of the development of innovations and values in today's fast-moving VUCA world.
Mykola Takzey and Pavlo Ryzhiy conducted a workshop for members of the European Business Association: "Business Transformation: Customer Orientation".
As continuation of the topic, there will be Business Transformations Bootcamp, which scheduled on June 20-21. During this event, the participants will determine what customer orientation is and how to achieve it, how to become Agile, how to implement a transformational model for your company that consists of goal, customer orientation, speed and innovations. Also, we will make Innovations Checklist for your company.
Innovations are created by people!
Corporate Innovations and CommunityEntrepreneurship
Corporate Innovations and CommunityEntrepreneurship