What is intrapreneurship?

Intrapreneurship refers to the process of promoting innovation and fostering entrepreneurial thinking within an existing organization. It encourages employees to act like entrepreneurs, taking initiative and developing new ideas or projects that can lead to growth and evolution within the company. This concept is vital for organizations looking to remain competitive and adaptable in a fast-changing environment.

By supporting intrapreneurs, organizations can tap into the creativity and innovative potential of their employees, resulting in new products, services, or improvements to processes without the risks associated with starting a new business from scratch. This internal innovation strategy can lead to significant advancements while leveraging the existing resources and capabilities of the organization.