Intrapreneurship The type of team that will be utilized for this endeavor will be a problem-solving team. There are several different types of teams, but the problem-solving team is one that can be utilized to create a new idea. This type of team will be comprised of subject matter experts, such as those with financial expertise and those with computer programming...
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Intrapreneurship The type of team that will be utilized for this endeavor will be a problem-solving team. There are several different types of teams, but the problem-solving team is one that can be utilized to create a new idea. This type of team will be comprised of subject matter experts, such as those with financial expertise and those with computer programming expertise for the financial context. These experts will come together with only loosely-defined roles.
The team will not necessarily be a cross-functional team, however, because the team will not be focused on having specific functional roles. Instead, the team will be sufficiently fluid in its roles to allow the different team members to evolve into roles best suited for their contributions to the effort.
This team is all about improving innovation, and to do so means that there should be incentive to be creative, and there should be the creation of a certain amount of conflict to ensure that the ideas generated from the team are of the highest standard to increase ROI. Recruitment for an intrapreneurship project is unique in that the project will need to have people from both the internal organization and the external one.
An intrapreneur typically has a basic idea and has the support of senior management to allocate some resources from the parent organization. Thus, the parent organization is going to be willing to allow some internal recruitment. Initially, this will include some hand-picked individuals, those who have demonstrated the ability to work well with the intrapreneur and who have the skills and attributes needed to make a contribution to this team. The different skills and attributes will need to be identified, and then individuals chosen who fit those.
Then, knowing what skills and attributes remain in need for the new unit, the intrapreneur will open the competition for jobs up to both the internal and external spheres. The external sphere is actually quite important because it allows the intrapreneur to bring in outside talent and external ideas that can help the new unit to be more creative and more flexible in its approaches. The intrapreneurial spirit should be supported by the parent company by making available the internal talent to the new unit.
Remember that one of the most important elements of intrapreneurship is that the company should have the ability to draw on internal resources. Once the intrapreneur goes beyond the hand-picked team, there will still be the opportunity to add some more internal candidates, and the parent company should make these resources available.
Further, one of the benefits of intrapreneurship is that the parent company provides some of its resources, so for the recruiting process the intrapreneur will use the existing human resources infrastructure of the parent company to do all of the hiring (Myler, 2014). This is important because it means that the new unit will not need to spend time and money to build a human resources infrastructure.
But it also means that the new unit head will have to explain the unit and its purpose, and the roles it is hiring for, very clearly to a human resources department that maybe is used to a higher degree of formality. One of the hazards in having an intrapreneurial mindset operating within a very large company is that the flexibility that intrapreneurship demands has trouble co-existing with the formality of a large organization.
As a result, the intrapreneur will be using the HR resources, but will need to work very closely with that department to ensure that they understand the project and its needs before they start hiring internally, or even externally (Kubicki, 2014). It will be best if a human resources person exists for the new unit who can oversee how the Human Resources Department resources are being used. 3.
As this is an intrapreneurial team, and it is based on a fairly loose concept, there are not going to be any formal job descriptions. There are no roles as yet defined for what the organization is doing, so it makes no sense to hand out specific roles at this point. In most entrepreneurial organizations, there are a handful of people working and they do everything, wearing many proverbial hats. So, too, it will be with the earliest members of the team.
The first general role will be that of the financial expert. Eventually, the vision is that this person will run a team of financial professionals whose role is to learn about the market and lend their expertise to the project as to how the company can make more money.
As such, the financial professional will need to have extensive experience in the financial field, in particular in mortgages, so that this person can analyze the mortgage markets and determine the best ways to increase access to credit in a way that is profitable for the company. The other key person initially will be the computer person.
This person is going to be working on the software that the financial professionals will use to determine whether or not someone should get a mortgage, or how they can be given better access. This person as well must have a lot of experience in programming, and project management. This person will also be responsible for setting up a team of programming professionals to work on different aspects of the final software.
Both the programmer and the financial wizard are the two key creative intrapreneurs who are starting this project -- the need for creativity means that they should have a fair amount of flexibility to design their own roles. Lastly, the third person will be the business manager. This has to be someone with project management and human resources expertise, as this role involves putting together a team that can build and grow this new unit.
This is going to be the person who is ultimately responsible for the development of the different roles, for acting as liaison with the Human Resources Department and for recruiting star internal candidates. This is the organizer, and the one who spearheads a lot of the critical work to support the two creatives. In all contexts, this people need to have a several years' experience in their roles as this is an organization that needs to succeed quickly, given the resources that the parent company is dedicating to the project.
This is not really a place for learning on the job, so this high degree of professionalism is required, with the skills and experience already in place, in similar projects.
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