Corporate Entrepreneurship or INTRAPRENEURSHIP Success The 3M Post-it Notes story overview

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An intrapreneur, or corporate entrepreneur, who's really being an entrepreneur who has less risk in a new venture outside the corporation, on their own without a "safety net." The Intrapreneur also has much less control of when, or even whether, the product will be launched. Being an intrapreneur takes a unique set of skills beyond creativity, including being willing to take some risks at sharing and pushing an unique idea, having the perseverance to wait for senior management's approval to create and launch the product or service, and the drive to see it through to fruition, no matter what.

Corporate Entrepreneurship or INTRAPRENEURSHIP SUCCESS: The 3M Post-it Notes story overview

The Intrapreneur must examine to get around the roadblocks of corporate structure and a stodgy manager, or the traditional corporate bureaucracy. A successful corporate entrepreneur or Intrapreneur must first convince middle management to allow them to share with senior management their idea or concept. Then the hopeful Intrapreneur convince senior management their new and unique, "out of the box" product, service, or idea has real merit, a viable market, and would be both profitable and synergistic to the corporate mission. Intrapreneurship has successfully been utilized by corporations, partnerships and non-profit firms in the US, Europe, Asia and Africa.

The terms and basic concepts of intrapreneur or intrapreneurship have existed and been effective utilized in corporations for decades formerly than incme into the mainstream media in the 1980's. Back in 1981, Dr. Haller wrote and successfully defended his Master's Thesis on the Intrapreneurship Success of PR1ME Computer Inc, with the Intrapreneurial PR1ME Leasing venture.

In some instances, like the 3M example in this article, it took more than one person and truly a dedicated team to successfully launch the new products. Intrapreneurs, like their entrepreneurial counterparts, desire to check and create the idea. But instead of convincing outside investors and risking their own personal capital, the intrapreneur needs to find the right team with in his company and get to an convince some mover and shaker in senior management to buying and invest the companies time, money and resources. Just like the entrepreneur, the intrapreneur must constantly reside point of interest, fully committed to the product and willing the keep pushing, even if it takes years to accomplish.

3M scientist Spencer Silver invented this no longer so sticky, repositionable adhesive in 1968, on the different hand took him several years to come up with how best to use it and market the product. Spencer shared his idea through seminars in which he shared with co-workers the features and benefit his semi-adhesive to 3M employees.

Steve Jobs, Apple's Chairman then and now, used the word "intrapreneurship" in a 1985 article in Newsweek about Apple's use of intrapreneurship to without difficulty have the Apple "MAC " team, "return to the garage."

There are a several well-known examples of substantial public companies that specifically fostering and encouraged intrapreneurial explorations on company time through formal corporate intrapreneurship programs. The following story share the insight on how without difficulty use intrapreneurship to foster or nurture an innovation created through intrapreneurship, some time ignoring or neglecting intrapreneurial new product innovation in huge public companies.

3M Corporation Post-it Notes
The usually staid, 3M Corporation, through its intrapreneurial Bootlegging Policy become able to capitalize on the creative ideas of 3M Intrapreneurs Spencer Silver and Art Fry to create and launch the 3M Post-it Note product. 3Ms intrapreneurial Bootlegging Policy, which specifically allows employees to spend up to 15 percent of their time at work developing their own creative ideas under this unique program.

the 3M Post-It Note sell over $100 million a year in sales and it part of narly every office and most homes.

But no one really caught the vision of his product for five long years. Finally, a co-worker, Art Frey, recognized the desire for Spencers idea to solve his problem that his bookmarks were regularly just falling out of his hymn book right during choir practice and performances. 3M still did no longer do anything with Spencers idea for over a decade. Post-its, the moveable semi-sticky notes product become launched across the US finally in 1980, and then throughout the world.