Like entrepreneurs, intrapreneurs focus on innovation—but do so with access to their current employer's resources.
An intrapreneur develops a new idea within the framework of an existing company. They are similar to an entrepreneur in their focus on innovation. However, unlike entrepreneurs, they have access to their employer’s resources. With their organisation’s sponsorship, an intrapreneur typically takes on less risk than an entrepreneur.
In this article, we’ll discuss the key characteristics of intrapreneurs, examples of intrapreneurship, and some benefits of adopting an intrapreneurial mindset.
Intrapreneurs share many characteristics with entrepreneurs, and their approach is usually similar. The main difference is that entrepreneurs typically need to find resources to pursue their ideas—including money, technology, workers, and time—while intrapreneurs can pull resources from within their current organisation. Essentially, an intrapreneur is an employer-sponsored entrepreneur.
Some key characteristics of intrapreneurs are:
They risk something of value, like time or effort.
They innovate and create.
They work independently within their company.
They locate necessary resources within their company.
They share the reward of their risk with their company.
Many traits attributed to successful intrapreneurs are characteristics commonly valued within the workplace. Intrapreneurs happen to use those traits for large-scale innovation.
For example, you may see yourself as a self-starter if you are good at anticipating your team’s needs and finding a solution before a problem arises. Intrapreneurs are self-starters, but they apply their skills to create solutions that impact the entire company or industry.
Some intrapreneurial traits include:
Proactive
Willing to pursue big ideas
Strategic
Collaborative
Resourceful
Knowledgeable and interested in learning
Adaptable
Because intrapreneurs create on behalf of their employer, their innovations are largely credited to their company—so you may be more familiar with the products an intrapreneur created rather than the people behind them.
Here are some examples of intrapreneur-backed products:
Paul Buchheit created Gmail, the first email platform with a search function and high storage capacity, when working for Google.
Art Fry created Post-It notes when he revisited a previously abandoned adhesive project by scientist Spencer Silver.
Ken Kutaragi created the Sony PlayStation to improve his daughter’s Nintendo.
Intrapreneurs benefit a company like entrepreneurs benefit an industry: their innovations help create progress. In backing intrapreneurs, the company tends to receive most of the credit for innovation. For a company, intrapreneurship can increase both financial and social capital.
Intrapreneurs also stand to benefit from their significant contributions. After all, the intrapreneur had the idea, put in the work, made the connections, and made the product a reality—proving their expansive skills, capabilities, and drive. And along the way, they got to take the lead on a project that felt important to them.
This valuable experience can lead them toward an internal promotion, job offers with other organisations, or funding offers from venture capitalists to support their next big idea. The direction they choose to go depends on their goals, but a successful intrapreneur will likely have options.
Anyone can approach their work with an intrapreneurial mindset. If you feel excited about leading your project at your workplace, practice incorporating some of the self-starter traits in your daily job responsibilities.
Some things you might consider trying:
Look for potential areas of improvement within your team’s processes and present your realistic solutions to your manager.
Volunteer to help with interesting projects that can expand your knowledge or skill set.
Seek internal mentors who have helped with previous company innovations.
Seek cross-departmental allies who may want to partner with you to make key improvements.
Demonstrate your readiness and willingness to take on larger projects by approaching your current responsibilities with foresight.
Pursue your passion project in your spare time. You may find that you can complete a lot of initial work without using company resources, making your idea even stronger when you decide to present it to your manager.
If you want to learn more about innovation, consider taking the Entrepreneurship and Strategic Innovation Specialisation course at the University of Illinois. You can learn entrepreneurial strategies and build a creativity toolkit through the Gies College of Business.
Intrapreneurs and entrepreneurs both aim to innovate. An intrapreneur innovates from within an organisation and is able to use company resources in pursuit of their project. An entrepreneur, on the other hand, works for themselves and seeks external resources and support in pursuit of their project.
Intrapreneurs can become entrepreneurs if they seek that path, but there is no standard procedure for an intrapreneur after they successfully launch their innovation. Intrapreneurs may also go on to lead a department centred around their innovation, move on to a new project within their company, or seek employment at a different company.
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