Challenges Faced by IT Intrapreneurs
When we think of innovators, the first type that comes to mind is the self-made entrepreneur who launches an entire new company from scratch. But there’s another kind of innovator that’s equally important — the intrapreneur. These people are highly motivated, but instead of taking risks and building their own companies, they use their creativity and leadership abilities to bring ideas to fruition for an existing business.
These individuals are often the ones who come up with the next big thing for a large corporation. Unlike entrepreneurs, who may be stifled by red tape and bureaucracy, IT intrapreneur work with the resources that a large company already has in place. They are typically able to leverage the company’s infrastructure and brand recognition to help them get projects off the ground.
Intrapreneurs take medium-risk projects with the potential of either success or failure. They are accountable to the organization and its leadership as well as rank-and-file employees. They can also be rewarded with salary and additional remuneration depending on the outcome of their projects.
Challenges Faced by IT Intrapreneurs in Large Organizations
The problem is that while these projects are essential for the future of a large corporation, they often face challenges from a variety of sources. One of the biggest problems is resistance from the leadership, who can view these projects as threats to their jobs or to the status quo within the company. There can also be concerns that these projects will cannibalize existing product lines or services. Finally, there is a tendency for organizations to be risk averse, especially when they are publicly traded. This can make intrapreneurship more difficult and less desirable.
There are also a number of other internal factors that can stifle innovation, such as inefficient processes, poor communication and lack of support from higher-ups. These issues can be overcome by encouraging a culture of intrapreneurship. Creating an environment where these individuals can innovate, create and thrive will help companies stay ahead of the competition.
Providing intrapreneurs with a lot of independence and flexibility will also encourage them. They want to be able to brainstorm, think outside the box and push the boundaries of their current roles. They aren’t satisfied with the status quo and are looking for ways to improve and change existing systems. Trying to stifle this type of creativity can be counterproductive, as companies can miss out on new opportunities.
It’s critical to give these individuals the freedom and support they need, even if it means that they can fail sometimes. It’s important to let these individuals learn from their mistakes and not stigmatize them for failing. After all, each failed enterprise is a lesson that can be learned and applied to other aspects of the business. Those that can succeed at intrapreneurship will be able to bring more value to the organization and make it better than ever. That’s why it’s so vital for corporations to continue to seek out these innovative individuals and provide them with the resources and support they need.