Join us as we explore the world of intrapreneurship, where innovation thrives within the established boundaries of existing companies. Listen in as we share stories and insights about employees embodying the entrepreneurial spirit to drive change and take risks, all without stepping outside their company's walls. Steve recounts his experience at one of the companies where he was able be an intrapreneur at. A project He highlighted the delicate act of balancing innovation with the realities of product lifecycle and how intrapreneurship can be a lifeline for skilled tradespeople, offering a platform to innovate while mitigating the risk of small business failure.
Discover how entrepreneurs can strike the perfect balance between strategic planning and operational tasks to unlock the true potential of their ventures. Brad walks through how to emphasize the importance of setting clear decision-making filters and nurturing an entrepreneurial culture within teams.
Also, we encourage our listeners to connect with Steve for bespoke advice on creating entrepreneurship opportunities in their own organizations.
Highlights
-Brad and Steve talk through how if companies allowed their employees to take more risks, it would create a better retention cycle and would possibly prevent some of them from starting their own businesses.
-Are consumers aware of the life cycle of products? This can create better expectations when working with different companies and people in the trades.
-Owners should embrace the ideas of their teams. Support the team members who are looking to improve processes and operations. These are prime candidates for intrapreneurship.
-Make sure you're celebrating your employees. This can be done through many different options.
Connect with us:
Steve Doyle:
Brad Herda:
