"There is a third way, and it's called being an intrapreneur."
Yes, you can innovate from the inside, but as in many organizations, it depends on culture, climate, placement, experience, network, and many other factors.
a large organization that becomes complacent and loses sight of the benefits of having an entrepreneurial streak built into their massive global systems can find themselves disrupted in short order. ~ David Armano
Here's a recent Forbes interview take on an older idea, intrapreneuring, that has been around awhile. It's always worth a look, if it might tip the scales in favor of your organization being more intrapreneurial.
From the full post by David Armano, executive VP, Global Innovation & Integration at Edelman.
while entrepreneurialism seems to be enjoying a golden age of sorts, it isn’t for everyone.
An intrapreneur is someone who has an entrepreneurial streak in his or her DNA, but chooses to align his or her talents with a large organization in place of creating his or her own.
...several years ago when I struck up a conversation with an older gentleman at a train station and I described what I did for a living, he said something I’ll never forget: “Oh, you’re an intrapreneur–so was I.”
...Some of my peers who are doing work in the social business industry also are intrapreneurs whether they suspect it or not:
- Scott Monty of Ford,
- Ekaterina Walter of Intel,
- Richard Binhammer of Dell,
- Pete Blackshaw of Nestlé,
- Bonin Bough of Kraft and
- Frank Eliason of Citi, to name a few.
The start-up community has successfully demonstrated that the modern world needs entrepreneurs.
But this only makes intrapreneurs more critical, because in a world filled with fast-moving change, a large organization that becomes complacent and loses sight of the benefits of having an entrepreneurial streak built into their massive global systems can find themselves disrupted in short order.
This is where intrapreneurs come in handy. Smart organizations will seek out individuals who like to invent, innovate and want to be on the front lines of change.