Monthly Archives: June, 2016

    Innovate from Within

    Wikipedia defines “intrapreneurship” as “the act of behaving like an entrepreneur while working within a large organization.” These days, we see and hear the words ‘innovation’ and ‘innovators’ all over the place. The government regularly asks for approaches and methods that are innovative in Requests for Proposals (RFPs) and large companies increasingly invest time and money into innovative intrapreneurial programs. When you search TEDx talks for ‘innovation,’ you come up with over 1,800 videos. Large companies are certainly the pacesetters when it comes to embracing corporate innovation. Intuit organizes multi-day “lean start-ins” that bring employees together from across the company to teach them how to create new products, services, and business models. They do this using what they describe as ‘rapid experimentation.’ Whirlpool has innovation mentors they call “i-mentors” who use innovation tools to help business teams challenge the standard way of doing business. But even if you are a small business with a small budget, you can leverage innovation to your advantage and create a clear-cut return on investment for your efforts. I will admit that when I started my company, I was lazy when it came to performing the day-to-day business tasks. I didn’t want to reinvent the wheel and I didn’t want to waste time on things I considered to be boring. If I had a need like tracking of contracts or simplifying a reporting process, I would search for a tool online that could make my life easier. I got to a point that I would[…]