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shift towards getting the permission of themanager (an external motivation), and
the spirit of intrapreneurship will be lost. Onemust let them be the driving force,
support them, and clear the path in front of them.
Intrapreneurs require an unusual level of freedom to be effective. This means
managers have to trust them to rapidly make decisions about the development of
their innovationswithout having towait for permission or review.But one cannot
trust everyone equally; thus, determiningwhich digital intrapreneurs areworthy of
trust and thuswhichones to fund iscritical tocost-effectivedigital intrapreneurship.
According toPinchot (1987), âVentureCapitalists say,âIâd ratherhaveaclassA
entrepreneurwith a class B idea than a class A ideawith a class B entrepreneurââ
(Pinchot 1985, pp. 15â16). The same logic applies to choosing the right intrapre-
neurs and innovations to invest in.
Pinchot (1987) continues:
âPicking the peoplewith a passion, attitudes and talent formaking the ideawork ismore
important than picking the right plan.âŠCorporations can greatly increase their return on
innovation efforts by moving the emphasis in their innovation management efforts from
selecting the right plan to selecting the right team to trustâ (Pinchot 1987, p. 14).
The reason why people are more important than ideas is because almost no
innovative ideawillwork in its original state.Noone is that smart and foresighted.
Investors need to have an appropriate team that can learn from its setbacks,
experiments, and surprises and use that information to develop a functioning plan.
For this reason, when decidingwhich digital innovation to invest in, the intrapre-
neur and their team serve as twomost important factors.
A core part of that task involves seeing the difference between the real intra-
preneurs and the individuals that venture capitalists call âpromotersâ. Promoters are
poserswho talk a lot but lack thegrit, persistence, courage, and intrinsicmotivation
to push through all the barriers, setbacks, and changes that will inevitably arise
when theywill try implementing an innovative idea. Promoters are driven by their
ego and a desire for status rather than a genuine commitment to a transformational
idea. When things go wrong, they will try to gloss over the problems instead of
diggingdeeper tonip them in thebud.Theywill try to embellish their ideas instead
of acknowledging the need for change. Theywill redirect supervisory attention to
howgreat itwill all be at theendof the journey insteadof trying todig theproblem
out.
Real intrapreneurs, conversely, are very interested in the pathway leading to the
implementationof their ideas. If a supervisor suggestsanything thatmightget in the
wayof implementing their ideas, theywill take it seriously.Theywill, if necessary,
ask questions to understand any related concerns. Alternatively, since they have
probably already thought about the potential problems, they will be happy to tell
about theways ofmitigating or circumventing the obstacle in question.Moreover,
theywill be interested in their supervisorâs thoughts about the issue.
Followingare some things to look forwhendecidingwhether tobackaproposal
for a digital innovation (Table 1).
246 G. Pinchot III andM. Soltanifar
Digital Entrepreneurship
Impact on Business and Society
- Titel
- Digital Entrepreneurship
- Untertitel
- Impact on Business and Society
- Autoren
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Verlag
- Springer Verlag
- Ort
- Cham
- Datum
- 2021
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Abmessungen
- 16.0 x 24.0 cm
- Seiten
- 340
- Schlagwörter
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Kategorie
- International