Comments on: Singapore should consider Intrapreneurship rather than Entrepreneurship http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/ Entrepreneurship in Singapore (Asia) Sat, 20 Mar 2010 05:40:48 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: benjamin mwalugaja http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-120447 benjamin mwalugaja Mon, 09 Feb 2009 11:30:59 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-120447 intrepreneurship is only way towards success because when on e add value to every he do automatically the result are good intrepreneurship is only way towards success because when on e add value to every he do automatically the result are good

]]> By: Being an Intrapreneur http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-62231 Being an Intrapreneur Tue, 25 Sep 2007 00:26:04 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-62231 <strong>Intrapreneurship in a Cultural Context...</strong> This post contains some information about the influence of cultures on you being a succesful intrapeneur. You have to be aware of the cultures you are living and working in. You have to understand them, and then try to adapt to them in such a way you c... Intrapreneurship in a Cultural Context…

This post contains some information about the influence of cultures on you being a succesful intrapeneur. You have to be aware of the cultures you are living and working in. You have to understand them, and then try to adapt to them in such a way you c…

]]> By: Oliver http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-10956 Oliver Tue, 16 Jan 2007 18:04:25 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-10956 Hi Bernard. Oliver here and I work at P&G. I believe one of the core drivers of the lack 'intrapreneurship' as you described it is the kind of structure MNCs and even governments have, where the logic of efficiency and productivity dictates the division of work into discrete, measurable tasks (finance, sales, manufacturing,etc). An entrepreneur must transcend all this and view market opporunities as a cohesive whole. Hence, the issue is not really 'intrepreneurship', but 'ex-treneurship' - how to make employees more externally-focused to look beyond their internal tasks and see what the biggest unmet need is among customers and consumers. A lot companies already advocate this mindset. Idea Crossing is a company that offers companies consumer-driven innovation; P&G has Connect & Develop where a global network of non-company scientists are leveraged to solve the most pressing technology-related problems. Hi Bernard. Oliver here and I work at P&G. I believe one of the core drivers of the lack ‘intrapreneurship’ as you described it is the kind of structure MNCs and even governments have, where the logic of efficiency and productivity dictates the division of work into discrete, measurable tasks (finance, sales, manufacturing,etc). An entrepreneur must transcend all this and view market opporunities as a cohesive whole. Hence, the issue is not really ‘intrepreneurship’, but ‘ex-treneurship’ – how to make employees more externally-focused to look beyond their internal tasks and see what the biggest unmet need is among customers and consumers. A lot companies already advocate this mindset. Idea Crossing is a company that offers companies consumer-driven innovation; P&G has Connect & Develop where a global network of non-company scientists are leveraged to solve the most pressing technology-related problems.

]]> By: Nyee N Tun http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-10065 Nyee N Tun Wed, 10 Jan 2007 01:51:26 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-10065 Not only is it possible, but it has already been taking place. Every organisation, public or private, is made up of many layers of processes. Some of which are value adding processes whereas others are not. It is those higher value adding processes that have a potential for IPship. If these value adding processes, which have been satisfying only internal demand, but have the capacity and resources to fulfill external, then they can be made available to service the general market, ie EPship! Example - lab services say at HDB, a materials testing lab in a private company, in-house design section, a bank's database of freight forwarding companies can be tailored to link up service providers and service seekers etc etc etc.. Its about creating value & maximising returns in an innovative way. Capitalism at the next level! best regards, Not only is it possible, but it has already been taking place. Every organisation, public or private, is made up of many layers of processes. Some of which are value adding processes whereas others are not.
It is those higher value adding processes that have a potential for IPship.
If these value adding processes, which have been satisfying only internal demand, but have the capacity and resources to fulfill external, then they can be made available to service the general market, ie EPship!
Example – lab services say at HDB, a materials testing lab in a private company, in-house design section, a bank’s database of freight forwarding companies can be tailored to link up service providers and service seekers etc etc etc..
Its about creating value & maximising returns in an innovative way. Capitalism at the next level!
best regards,

]]> By: Design Sojourn http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-9087 Design Sojourn Wed, 27 Dec 2006 16:10:18 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-9087 <strong>Intrapreneurship in an Asian context. Possibility or Myth?...</strong> Intrapreneurship or Internal Entrepreneurship is fast becoming a big buzz word as companies start to embrace design, innovation and creativity as a strategic competitive advantage. Using the viewpoint that “innovation begins with everybody”... Intrapreneurship in an Asian context. Possibility or Myth?…

Intrapreneurship or Internal Entrepreneurship is fast becoming a big buzz word as companies start to embrace design, innovation and creativity as a strategic competitive advantage. Using the viewpoint that “innovation begins with everybody”…

]]> By: DT http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-4714 DT Sat, 21 Oct 2006 05:59:32 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-4714 Ladies and gents. I am an Intrepreneurer. The work that I do and projects I create, create value for the organisation I work for. Now granted I'm not in civil service, but I work for a typically Asian run company, and all sterostypes apply. I was actually planning to write an article on "how" to do it, as an extension to this artical's "why" we should do it. Please stay tuned. Ladies and gents. I am an Intrepreneurer. The work that I do and projects I create, create value for the organisation I work for. Now granted I’m not in civil service, but I work for a typically Asian run company, and all sterostypes apply.

I was actually planning to write an article on “how” to do it, as an extension to this artical’s “why” we should do it. Please stay tuned.

]]> By: Christopher Ng Wai Chung http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-4662 Christopher Ng Wai Chung Fri, 20 Oct 2006 08:14:18 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-4662 Maybe there is an alternative. We've got so many brilliant scholars whose bonds will end after 8 years. Why not collateralized cheap loans for these "elite-start-up funds" to be sold to investors like me ? We can have a "street-smarts" fund and a "scholar" fund ( ala Donald Trump ) and allow citizens to bet on it. We'll let the market dictate the interest rate and investors will bear the risks of default. Between a streetwise ITE or poly grad and a scholar starting a business, I'm happy to bet my money on the former because I think he's more likely to eat humble pie and humiliate himself for more business. I think this will answer the ultimate question : Are academic book smarts useful in the real world of business ? Regards Maybe there is an alternative. We’ve got so many brilliant scholars whose bonds will end after 8 years. Why not collateralized cheap loans for these “elite-start-up funds” to be sold to investors like me ?

We can have a “street-smarts” fund and a “scholar” fund ( ala Donald Trump ) and allow citizens to bet on it. We’ll let the market dictate the interest rate and investors will bear the risks of default.

Between a streetwise ITE or poly grad and a scholar starting a business, I’m happy to bet my money on the former because I think he’s more likely to eat humble pie and humiliate himself for more business.

I think this will answer the ultimate question : Are academic book smarts useful in the real world of business ?

Regards

]]> By: Christopher Ng Wai Chung http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-4661 Christopher Ng Wai Chung Fri, 20 Oct 2006 08:06:45 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-4661 If intrepreneurship happens, very likely, it will be found in an R&D lab of a MNC. Spinning off something which began as a social enterprise is also possible because of the low likelihood of introducing competition with the company. Intrapreneurship in the civil service is very far fetched. Privatization is likely to occur first and I think more civil servants should ask themselves tough questions about this phenomenon. ( Unlike many readers here, I actually support privatization of as many government services as possible but service levels must be defined very clearly for companies to run their operations. ) It's noble but unrealistic to expect the civil service to take the first step introducing any changes, look how long it took for them to have a 5 day week ? Then only other scenario I can think of is the Steven Ting episode where he bought the operations of a company which was withdrawing from the local market and built an enterprise of his own. That sounds more like pure entrepreneurship to me, though... Regards If intrepreneurship happens, very likely, it will be found in an R&D lab of a MNC. Spinning off something which began as a social enterprise is also possible because of the low likelihood of introducing competition with the company.

Intrapreneurship in the civil service is very far fetched. Privatization is likely to occur first and I think more civil servants should ask themselves tough questions about this phenomenon. ( Unlike many readers here, I actually support privatization of as many government services as possible but service levels must be defined very clearly for companies to run their operations. )

It’s noble but unrealistic to expect the civil service to take the first step introducing any changes, look how long it took for them to have a 5 day week ?

Then only other scenario I can think of is the Steven Ting episode where he bought the operations of a company which was withdrawing from the local market and built an enterprise of his own. That sounds more like pure entrepreneurship to me, though…

Regards

]]> By: BL http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-4660 BL Fri, 20 Oct 2006 06:29:21 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-4660 Chris, Thank you for your thoughts. The profit maximization and cost-cutting approaches are more utilized in companies that outsource their manufacturing or specialized services to different parts of the world. If Singapore wants to move into knowledge based economy, this old school approach needs to change. I totally agree with you that very few companies can do that, but we need that very few companies to do it first. The unfortunate reality is that the SG government is the biggest employer and they should start first. Of course, the fear is that the middle management will completely screw it up, which I totally agree, after my experience with working with people from government agencies that claim to help entrepreneurship but instead making things worse. Chris,

Thank you for your thoughts.
The profit maximization and cost-cutting approaches are more utilized in companies that outsource their manufacturing or specialized services to different parts of the world. If Singapore wants to move into knowledge based economy, this old school approach needs to change. I totally agree with you that very few companies can do that, but we need that very few companies to do it first.

The unfortunate reality is that the SG government is the biggest employer and they should start first. Of course, the fear is that the middle management will completely screw it up, which I totally agree, after my experience with working with people from government agencies that claim to help entrepreneurship but instead making things worse.

]]> By: BL http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/comment-page-1/#comment-4659 BL Fri, 20 Oct 2006 06:25:54 +0000 http://sgentrepreneurs.com/commentary/2006/10/19/singapore-consider-intrapreneurship/#comment-4659 TTG, Entrepreneurship is not only about making money. For example, social enterprise can be used to promote a particular cause. Let me use an example from the UK Medical Research Council. Originally this department called Gene Services is a government body that help to do sequencing for public environmental agencies. Then they open their services to private sector and eventually made a lot of money. So, the UK government suggested, "Why don't you guys turn it into a company?" Perfectly legit situation for intrapreneurship within the government. TTG,

Entrepreneurship is not only about making money. For example, social enterprise can be used to promote a particular cause.

Let me use an example from the UK Medical Research Council. Originally this department called Gene Services is a government body that help to do sequencing for public environmental agencies. Then they open their services to private sector and eventually made a lot of money. So, the UK government suggested, “Why don’t you guys turn it into a company?” Perfectly legit situation for intrapreneurship within the government.

]]>