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Is Intra-preneurship the next mantra for retaining talent??

Created by : Namrata Pathak, Accounts Manager, American Express  | 08 16 2010 11:40:19 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Organizational Development(People Management)
Keywords : entrepreneur entrepreneurship talent management intra-preneurship intrapreneur retaining talent
Activity:  673 views;  last activity : 12 21 2010 16:39:13 +0000

Intra-preneurship, is something like, making employees as co-owners.

And in this regard the future group of companies headed by Mr. Ashok Biyani is doing the same thing and is acquiring talent like anything where he took Mr. V. vaidyanathan of ICICI prudential life, may be for his Future generali Insurance company, but what striked Mr. Vaidyanathan to join the company was likely to pick up a stake in the financial services business he will be spearheading. “I feel like a promoter,” says Mr. vaidyanathan.  “This is different from the career path I’ve enjoyed so far.”  Similarly several big shots are on their way to join Future group with intra-preneurship thing in mind.

So, what do you think people, Is Intra-preneurship the next mantra for retaining talent?

  
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Yes Vs No
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Top Argument
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I think yes as, we want people to promote the idea of ‘intra-preneurship’ in organizations. It removes insecurities and fears from the minds of people and the commitment levels go up sharply. People then begin to enjoy what they do.  So intrapreneurship can be the next mantra for retaining talent and also get new talent which is best out there.
By Namrata Pathak, Accounts Manager, American Express  08 16 2010 11:40:19 +0000
 
Top Argument
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Its just a new word that is being given here, and there is nothing new in this, even earlier people were doing these things, what is talent poaching then, if you are giving something better than what they are getting obviously people will go for that change, and there might be something others who might offer an employee much better benefits than these, and people will go, so I don't think Intra-preneurship will help in retaining talent.
By Amrita , Animation/Graphic Artist, Creative design  08 16 2010 13:03:58 +0000
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Intra -prenuership is all about encouraging inner talent in developamant some creativity and help the organization. So it wont disturb the organization @ anycost.
By Nidhish , Marketing Manager, Bank of India  | 12 21 2010 16:39:13 +0000
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INTRA-PRENURESHIP THAT IS CO-OWNING,MAY BE THE MANTRA OF RETAINING THE TALENT WHICH IS BEST AVAILABLE THERE .THIS IS BECAUSE A PERSON CAN JUDICIALLY GET THE RETURN OF HIS DEEDS. 
By rakeshbhatnagar , GM Projects., wig brothers india pvt.ltd.  | 12 21 2010 16:14:23 +0000
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Hello Namrata, You are right. I agree with you. It is better to share the profit with the senior Mangers and also down the line. By doing this company will grow and the staff will not think of leaving the company.

K Rajagopalan.
By k Rajagopalan, Area Manager, Amitex Polymers (P) Ltd.  | 09 19 2010 11:21:11 +0000
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Definitely..This is a right and a strategic move towards retaining and nurturing talent. In fact, it is a sign of mutual interest for people and the organization. Moreover, this will enable leaders to utilize their skills and competencies in 360 degree for the growth and prosperity of the business and the external environment.
By Mudasir Amin Naik, Market Research Professional - Chemicals & Materials at Strategic Analysis Inc.  | 08 27 2010 18:41:07 +0000
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A definite YES for this one...as it provides a stage for improving one's position along with both theoritical and practical knowledge.
By shrikant , MBA/PGDM student, National Institute of Tourism and Hospitality  | 08 25 2010 15:26:01 +0000
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Talent search and engaging the talent in India is a  tough job. Today in every sphere of life talented people is required to run the business efficiently and smoothly. Now  present era of the changing world is shifting from Entrapreneure to technopreneure and cyberpreneur to Intr-preneure. Everywhere 3 D is required i.e. Determination, Dedication & Devotion wheather s/he is a entrapreneure or intra-preneure.
By Rakesh K Swarnkar, Senior Consultant(Chemical),  | 08 25 2010 13:38:05 +0000
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Yes, it is one way of nurturing and also fulfullin one's dream of becoming an entreprenuer.Many people have the ambitionof setting up their own company,However due to lot of factors it may not happen, so atleast those people without taking risk can implement their ideas to grow the company and fulfulling their dreams in a shorter time.
By Umesh , Manager Support, SiennaEcad Technologies Pvt Limited  | 08 25 2010 12:36:40 +0000
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SHARE IN PROFITS FOR SENIOR MANGERS IS AN EXCELLENT MOTIVATOR,TO GET MORE RETURNS,TO RETAIN TALENTS AND TO STRENGTHEN THE BOTTOMLINE OF THE COMPANY.
By s.baalu , Consultant, XYZ LTD  | 08 19 2010 08:15:01 +0000
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I am in total agreement with you but unfortunately most of the standing Indian Companies and the joint venture companies will not do the same till they feel there is a crunch of talent.

I am of the openion may be within next half decade this may become the thumb rule since there are other benifits are attached with it like the share holding is not taxable etc.
By Rathin Deb, Freelance Retail Consultant  | 08 17 2010 12:53:29 +0000
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Thanks for invite, Namrata

The idea is been in practice in varied forms for some years now and is indeed a good idea.
By Ravindra Sharma, Managing Consultant, CHEF-India  | 08 17 2010 08:02:19 +0000
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Intrapreneuraship has been around for quite some time in many companies. This is an important tool to deal with War for Talent and to promote employee retention.
By Mukesh Kumar, Director, Clinical Development and Clinical Pharmacology  | 08 17 2010 05:23:38 +0000
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YES IT IS A GOOD CONCEPT... I am not sure whether it is the Next Mantra or not...

BUT YES... it surely is a good lure for those who have the guts & the balls to fight it out in the Corporate World !
By Naushad H.L., Creative Director, MAD COMMUNICATION  | 08 17 2010 05:06:47 +0000
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yes.... in view of th currnt chang n biz env n th talent yung peopls hav, ths s th mantra 4 retaing talent
By aabid and co, company secretaries, M & A Advisor, aabid and co  | 08 17 2010 03:33:58 +0000
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Yes of course I will accept your views.

 
By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 08 16 2010 19:54:23 +0000
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by doing this , one can perform his work very well and in positive way.secondly what ever step he/she may take for the the company or business they will think twice ( that they are one of the stake holder in this )than I dont think any decision will go wrong for the future of any business
By Rajendra Singh Butola, Production Manager, M/S Elie Group Holding Company  | 08 16 2010 13:51:49 +0000
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Intrapreneurs are those who think can think beyond the horizons and bring innovative ways of work culture. So, they need to be retained in the best interest of the organization.  Recognizing them is the responsibility of the organisation.
By Srinivas suravajhala, Asst. Manager.  | 08 16 2010 12:19:13 +0000
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Employees feel an added sense of responsibility when they have a stake in the way an enterprise is run. It would be a good practice to make them feel responsible with a sense of ownership.
By Ravi Asrani, Head of Marketing, Merchandising and Operations, Geebee Garments FZE  | 08 16 2010 12:11:53 +0000
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All Izz Well. All this ideas will not work for long time. If company A goes for it, may be couple of months later, other company also does it. So, ultimately its all about what an employee need at that moment...
By Manjunath S, Business Development Manager, Ligature Software  | 08 24 2010 07:49:48 +0000
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