The business world is changing, and the intrapreneur – once a role that barely even existed – is now gaining more and more predominance. As companies seek out creative, self-driven employees to expand their brand with new ideas, the future of the intrapreneur looks very bright.
What is an Intrapreneur?
Intrapreneurs are employees who behave like entrepreneurs while working within a company that they are employed by. Intrapreneurs are innovators, tasked with coming up with new ideas, products, or strategies for the company. In most cases, an intrapreneur will hold another role within the company such as a manager. It isn’t their title, though, that defines them as an intrapreneur but rather their actions. Intrapreneurs are entrepreneurs that choose to use their innovation and good ideas to benefit the company they work for, and, in turn, they are rewarded by quickly gaining the attention of their superiors and rising through the ranks of the company.
Why the Future of Intrapreneurship is Bright
The 21st century has been the age of entrepreneurs. It’s a time where we have seen single individuals create startups such as Amazon that would quickly grow to compete with corporate giants. Never before in history has creativity and innovation yielded so much power, and companies across the world have taken notice. They’ve seen the results that a few driven individuals can have, and they have begun seeking out these types of individuals to join their ranks. Companies want to make sure that the next big thing to come out is developed within their company and released under their name, and they’ll pay heavily to make that happen. This is great news for entrepreneurs who may not have the resources to bring their ideas to life on their own. Instead of taking on all the risk and responsibility, these people are now able to pursue their visions within the role of an intrapreneur, using the resources of the company they work for to make their ideas a reality and still benefiting heavily when these ideas succeed.
As changes in the business world continue to shift more and more emphasis towards the concepts of innovation and entrepreneurship, intrapreneurs will likely be the lifeblood of large companies in the future. This means that now is a better time than ever to be entering the business world if you are a creative, innovative, self-driven individual. If you would like to learn more about pursuing the education required to succeed as an intrapreneur, we invite you to check out the online business degrees offered in the School of Business and Management here at Touro University Worldwide.