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Business consulting giant Deloitte has conducted global survey at organizations such as Pfizer, Exxon Mobil, GE and Target to gauge how and why intrapreneurs ought to be valued by corporate heads. Certain ways exist to develop intrapreneurs such as using them as consultants or developing their networks. At other places they may even be given ownership status on acquisition of startups. Intrapreneurs also help in various ways such as idea development, employee engagement, enforcing cultural change and in execution of business innovation. Certain organizations are known best for improving effectiveness of intrapreneurs. They are provided with leadership support and specific idea development time. All tools and resources plus incentives are provided to them to execute the plans. Specific innovation orientedcorporate training is provided to them. Crucially an effective communication strategy is decided with them.

Source:  http://www.innovationexcellence.com/blog/2015/12/12/why-intrapreneurs-should-be-valued-by-corporate-leaders-an-introduction/ 

Not everyone can be an entrepreneur and part of such success depends on possessing a certain mindset. Seven traits have been identified by a business consulting publication which an entrepreneur must possess. The entrepreneur must first of all believe in one’s own abilities and the business plan. The idea of a sound corporate strategy is to make sure that the top management can think three steps ahead. One must continually challenge oneself to perform the hardest tasks first. The entrepreneur must have an overall vision to see the bigger things, yet the nitty-gritty must never be ignored. Studies have clearly proven that lucky people are ones who take chances and that is what the entrepreneur must be aware of. The person must also understand that sharing is part of the modern economy especially in content marketing. Finally, the entrepreneur must be able to grasp the growth mindset, where he/she must feel confident to perform any kinds of tasks within the broad domain of the business.

Source :  http://www.entrepreneur.com/article/253174

It is often wrongly understood that entrepreneurship is all about having that one business innovation idea that disrupts existing practices. However, studies have confirmed that more than the ideation it is the execution that matters more. A number of innovators who firmly believe in their product fail to complete the final sale. Others struggle at recruitment. Such entrepreneurs or business leaders must realize that it is best to own up to one’s own limitations so that a solution may be derived at. They must believe in the mission and vision statements as the conviction will help them close off deals- whether sales or recruitment. Most importantly such people must also understand that there is no one single right path to approaching these challenges. All need to find their own ways or styles.

Source: https://hbr.org/2016/08/being-a-successful-entrepreneur-isnt-only-about-having-the-best-ideas

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