Entrepreneurship is not just for start-ups

The lessons of successful entrepreneurs can help make corporates faster, more impactful, and better able to bring meaningful new innovations or ventures to market.


 
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Entrepreneurship is not one thing, but some common patterns emerge

Entrepreneurs are not homogenous, but when you look at successful entrepreneurs some characteristics appear consistently: dissatisfaction with the status quo, resourcefulness, risk management, a willingness to act, instinct to work with partners and an orientation towards spotting new opportunities.


Fortunately, the reality of entrepreneurs is different from the popular perception

Many people assume entrepreneurs have to be charismatic leaders, inventors, sales-people and visionaries all at once. A handful of high profile entrepreneurs shape this perception. In fact, those characteristics are outliers in the full community of most successful entrepreneurs. That’s good news, because the actual common characteristics are much more accessible.


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Those entrepreneurial principles can be powerful in corporate settings

Applied appropriately within a corporate setting, entrepreneurial principles can result in more spontaneous collaboration across silos, a greater sense of ownership, in employees who are better at spotting new opportunities and creating more from existing resources. It can be the super-charger to an agile transformation, the platform for a strategic break-through, or the backbone of a self-sustaining culture of innovation.


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It is possible to learn and get better at applying those principles

Actual entrepreneurial behaviors are not what most people think they are. The characteristics of successful entrepreneurs aren’t something you need to be born with. However, they can’t simply be taught in the classroom or boardroom either. Effective learning requires a substantial experiential element, sustained commitment and practise, and support at all levels of the organization.


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