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Outline two methods of promoting intrapreneurship: (i) (ii) - Leaving Cert Business - Question 10 - 2015
Question 10
Outline two methods of promoting intrapreneurship: (i) (ii)
Worked Solution & Example Answer:Outline two methods of promoting intrapreneurship: (i) (ii) - Leaving Cert Business - Question 10 - 2015
Step 1
(i) Create a Culture of Innovation
Answer
Promoting a culture within the organization where employees feel it is acceptable to make mistakes and think independently fosters intrapreneurship. This culture encourages experimentation and creativity, which can lead to innovative ideas and solutions being developed internally.
Step 2
(ii) Provide Resources and Support
Answer
Making resources available to employees is essential for intrapreneurship. This can include financial support, access to information, and time allocated for employees to pursue their ideas. By ensuring that employees have the necessary tools and support, organizations can empower them to innovate and take risks.