Half of the industry-leading companies have lost their leading position in the last decade. Disruption across industries has been accelerated by the Industry 5.0 and the pandemic. One in every two companies might not be able to sustain its competitive advantage or even survive in the next 10 years. Corporations must innovate to keep themselves in the game. Yet, many corporations struggle at innovating. Only one out of five corporate leaders feel equipped to face the challenge. Corporate leaders have been told that their employees are valuable innovation assets. The key to building sustainable innovation is to empower employees and convert them into intrapreneurs. This book is designed to help the remaining 80 percent of the corporate leaders who struggle to lead innovation and intrapreneurship in their organizations.
This book offers a practical formula for doing just that—a guide to help leaders outperform and stay ahead of the competition in a rapidly changing environment. The Intrapreneurship Formula is created to help leaders plan and manage intrapreneurship in a structured way. The book introduces a tested formula that identifies and analyzes five key components of intrapreneurship that shape innovation activities in organizations across industries: Culture, Infrastructure, Traits, Skills, and the Network of Diversity. It can be applied to any organization or team to understand their strengths, as well as areas in which the current innovation ecosystem can be improved. The book helps leaders self-assess their current state and the areas of improvement and form a tailored plan to cultivate intrapreneurship. It is a simple but powerful tool for understanding the forces in the corporate ecosystem that are enabling or jeopardizing innovation. Corporate leaders who are facing disruption in their industry or businesses should read this book to understand how they can lead their organizations into the future era.
intrapreneurship; intrapreneur; corporate entrepreneurship; innovation and entrepreneurship; innovation; innovator; corporate startup; corporate innovation; innovation management; innovation ecosystem; innovative leadership; design thinking; lean startup; agile