Innovation through intrapreneurship: the road less travelled

Abstract

The relentless pressures of competition stemming from globalization, technological changes, etc., today are increasingly buffeting organizations. One of the pathways for companies to weather these storms is through unleashing the entrepreneurial spirit latent in its employees enabling these employees to carve out new paths, initiate new ventures, defy the status quo in their organizations, and break fresh ground. There is an increasing body of knowledge relating to unleashing entrepreneurial energies in large organizations referred to as ‘corporate entrepreneurship’ or ‘intrapreneurship.’ Intrapreneurship is a major driver for organizational renewal or ‘reinvention.’