According to PWC's annual Global CEO survey, 45% of CEOs believe their organization won't be viable in ten years if they stay on their current path. This highlights an urgent need for innovation and reinvention within organizations to survive. In an era defined by rapid change, the survey underscores that complacency is not an option for leaders who wish to remain relevant and successful in the future.
Intrapreneurs within your organization play an important role in cultivating innovative ideas, products, and projects. Unlike entrepreneurs who start their businesses, intrapreneurial employees operate within your organization, accessing resources, capability, and time to support endeavors that ultimately benefit the organization. This internal drive is key for organizations aiming to adapt and thrive amidst the challenges of modern markets.
Innovation comes in all shapes and sizes and is not limited to products and services. It relates to ideas, methods, and processes. Innovation can also be simple or complex. Simple innovation is about making things better, while more radical innovation disrupts industries and changes how they work. Recognizing the spectrum of innovation can empower intrapreneurs to explore various avenues to contribute to organizational success.
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