Entrepreneurs are risk-takers. They enjoy they rewards and freedom that come with being their own bosses (and answering to no one). So why add this element t0 your organization?
Robert D. Hisrich has an answer to this question, and “License to Create,” Hirsich, Garvin, the Professor of Global Entrepreneurship and Director of the Walker Center for Global Entrepreneurship at Thunderbird (and author of Corporate Entrepreneurship: How to Create a Thriving Entrepreneurial Spirit Throughout Your Company) expands on this essential concept: “The entrepreneurs on your payroll are the pioneers who spark new enterprises, products, services and processes. They see opportunities that others miss and create value for everyone around them, including customers, employees, shareholders and communities. They are your most important edge in an era of increased global competition.”
Entrepreneurs aren’t just in it for themselves. The spirit of entrepreneurship can be a great addition to your team — if you have the will and assets to bring them on board. However, with any large organization barriers will rise. How can you overcome these barriers and maintain an entrepreneur-friendly environment?
Watch as Prof. Hisrich discusses “Controlled Freedom,” and how some organizations create the right environment to stimulate (and reward) successful entrepreneurship: