EEW!: Empowering Entrepreneurship at Work
Exhibiting entrepreneurship at work is an attitude. No matter where and which place you are in, the attitude will never die. It challenges your inner thoughts and never asks you to adapt rather it embraces critical thoughts, reasoning, innovation and continuous improvement.
How do you empower your employees to be innovative and act as entrepreneurs in your organization? An engaged and empowered entrepreneur will not only increase the company’s profitability but also be more productive and satisfied. As always, The Culture of the organization defines these values and nurtures innovation. If innovation , freedom and democracy is in the core DNA of the organization it would never fail.
Now, how do you define or propagate this unique culture-
Promote wacky ideas- In the team meeting, do not put your foot down on some bizarre idea, rather as a mentor see the dollar value and nurture it. This helps in identifying the entrepreneurs and also brings those ideas to see the light of the day.
Act like an owner- Employees should be empowered to take decisions as in a democratic setup and they should be regularly mentored to tackle the issues at the core. Hence, the decision making should be simple and de-centralized.
Socialize the ideas- The idea that you believe is crazy may be apt for another situation and in future you could use it too. It would be worthy to archive and socialize those ideas for others to dissect and tweak as per their requirements. You never know, it may be a golden boot for others.
Regular Recognition- It is always a wise idea to recognize the ideators of your organization. Go for a social recognition platform and give them their due even though it may be a small idea for you. It helps in employee satisfaction and acts as instigator to think on something new.
Show the mirror- Communicating the right business updates in a timely manner is the key to innovation. Employees would not be able to give you cost effective methods if you don’t show them the real picture or how the future looks like.
Above all this is the leader’s capability to lead by example. If the leader is not open to ‘Open Communication’ channel or receptive to new ideas, you cannot expect your employees to be innovative and exhibit entrepreneurship at work.
“A loss of entrepreneurial spirit often results in a less fun, creative and passionate work environment”- Michael Kerr (Humor at Work)