Seite - 252 - in Digital Entrepreneurship - Impact on Business and Society
Bild der Seite - 252 -
Text der Seite - 252 -
6. A process with several short cycles of rapid prototyping and business model
testing and aweekly cycle of presentations caused the plans to evolve rapidly
and produced better results than could have been achieved through a series of
functional tests that only put it all together at the very end.
7. Implementation support aftermanagement had funded the projectswas seen as
quite helpful.
8. Future versions of this programme should involve more training for the man-
agement sponsors of intrapreneurial projects, perhaps as a feature of an existing
high-potential leadership development programme.
5 Conclusion and Implications
Intrapreneurship remains an important way to capture the creativity, excitement,
and energy of entrepreneurship within a larger firm. It can let employees pursue
their ideaswithmore resources and less personal risk than theywould have if they
hadgoneouton their own.For companies, resilient responses toa rapidlychanging
world require the input of a large number of intrapreneurs. The digital transfor-
mation of our society is creating challenges for existing firms andmany opportu-
nities for both entrepreneurs and intrapreneurs.
As the COVID-19 pandemic has shown, the world does not always progress
smoothly. Occasionally, we face startling discontinuities. These sudden changes
favour resilient firms. A firm’s capacity for responding to big changes resiliently
resides in the intrapreneurs who are empowered to make all the innovations nec-
essary for the company toadapt andcreate a culture to support them.However, this
capacity cannot be developed overnight. It requires changingmanagerial attitudes
and building employee trust in the fact that passionately standing up for an idea is
not career-threatening (Hughes et al. 2018;Mustafa et al. 2018). Fortunately, even
though building that intrapreneurial muscle is very helpful in the times of sudden
change, it is also profitable in themore regular periods of the twenty-first century
where rapid changes and disruption, perMoore’s law, are normal. Preparation for
what Nassim Taleb calls ‘black swans’, like the coronavirus outbreak, requires
many of the same steps and cultural attributes that are necessary for giving a
financially informed and beneficial response to these disruptive times.
The contemporary digital world requires the development of habits of intra-
preneurial innovation. It requires complete managerial acceptance of the fact that
digital transformation is inevitable and that one has the choice of either being the
disruptor or being disrupted.
This is not a time to cut back on innovative capacity, but rather, it is a time to
expand it so that organisations can thrive in a rapidly changingworld. This can be
done to generate extra profits in the short term and develop the appropriate
organisational systems and culture changes to face the unknown shocks that the
future will surely bring.
Digital Intrapreneurship: The Corporate Solution… 259
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