Many corporations suffer from a common disease called bureaucracy. This disease keeps them from dealing easily and swiftly with the ever-changing external environment that is our technologically and socially driven world today. This bureaucracy also leads to the frustration of many innovative and energized employees, filled with the drive to create, change, and develop, leading them to leave, and the company to lose valuable human capital. In order to deal with this, companies must foster a culture of innovation, both to keep their valued workers and to survive the dynamic environment.
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While Israel is known for both its high volume of successful entrepreneurs and start-ups, the Israeli Defense Force (IDF) is known around the world for its rigorous training and exceptional members. Israel has a reputation as the “start-up nation,” producing more startups per-capita than China, India, Canada, Japan and the UK and attracting twice as much venture-capital investment as the US and 30 times more than Europe. And for those who are aware of international military power and skill, the IDF is a force to be reckoned with. Many non-Israelis do not realize that these two successes are inherently related and intertwined. The first-rate military training and experience that each and every Israeli citizen engages in is directly correlated with Israel’s innovative success.
Though the Intrapreneurship definition is argumentative, the concept of corporate intrapreneurship is generally believed to refer to the development of new ideas that can be divided to innovative ideas types such as: Disruptive and Incremental innovation.
This innovative opportunities lead directly to the improvement of organizational profitability and an enhancement of competitive position or the strategic regeneration of an existing business.
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When I began to compose this article, I thought I was creating another business trip article that would be useful for you as readers. Little did I know it would become a mirror of my thoughts, self-capabilities, process understanding and point of view of worldwide trends.
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Innovation is the driving force in the progress of any modern society, dictating economic success and creating cross-cultural connection. The spread of innovation occurs in climates that are conducive to creating thinking, co-working, and financial investment. Such a climate is referred to as an entrepreneurial ecosystem. The meeting of the public, private, and academic sectors creates a strong entrepreneurial ecosystem. When the three sectors are symbiotic, the stage is set for entrepreneurial success, catalyzing the rapid spread of innovation throughout any given society.
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