CEO Global Strategies: Encourage intrapreneurship within the organization

11 months ago
1

Encourage intrapreneurship within the organization: Intrapreneurship is the act of fostering innovation and entrepreneurial thinking within an organization. CEOs who encourage intrapreneurship empower employees to develop and implement new ideas, products, and services that can drive growth and create a competitive advantage. By providing resources, support, and a culture that embraces risk-taking, CEOs can nurture intrapreneurial talent. Google's famous "20% time" policy, which allowed employees to dedicate a portion of their work time to personal projects, is an example of encouraging intrapreneurship. This policy led to the creation of successful products like Gmail and Google Maps.

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