Intrapreneurship as a Driver of Business Innovation

Abstract

The need for constant renewal with new capabilities and valuable assets in an increasingly complex context represents an extraordinary challenge for companies. One of the most relevant sources is considered to be hidden internal resources in the form of entrepreneurial initiatives of personnel - intrapreneurship. Interest in this new type of entrepreneurship has been growing steadily over the last decade. The article contributes to the understanding of the factors influencing its development using the example of manufacturing enterprises in the most developed states of India. The role of key prerequisites such as individual entrepreneurial ability and acquired competencies (strategic thinking and proactive behavior) as well as the art of cultivating a unique innovation-friendly climate is revealed. The author's findings strengthen the case for new formats of economic development in addition to classical entrepreneurship. They may be useful for decision makers deciding how to renew and build competitive advantage in a dynamic business environment.