Characteristics of Intrepreneurial Environment:
- Innovative Ideas –
The organization should encourage innovative ideas & operate on the frontiers of technology.
- No Force –
The spirit of intrapreneurship cannot be forced on individuals but they should originate.
- Encourage Experimentation –
Experimentation trial- error must be encouraged. In the initial stages almost every entrepreneur meets with initials failure before establishing a successful idea/product or strategy.
- Initial Opportunity Parameter –
The organization should ensure that there are no initial opportunity parameters inhaling free creative problem solving.
- Availability of Resources –
Finance & human resources must be available on an ongoing basis. They should be easily accessible to the entrepreneur.
- Encourage Team Work –
For success of intrapreneurial activities in the organization teamwork approach need to be encouraged.
- Evaluation –
The company should set a long time horizon for evaluating success of intrapreneurial activities.
- Reward –
The organization should have a system of rewarding the intrapreneur so that he is motivated further to contribute to the growth of the company.
- Alteration –
The intrapreneur should be free to alter plans in order to achieve success as he seeks it. He should not be forced to reach the corporate goals by any means.
- Support of Top Management –
The T.M must support & encourage the intrepreneurial activity. Without their support a successful intrapreneurial environment cannot be created in an enterprise.