Question: Discuss the advantages and disadvantages of Intrapreneurship for large organisations today – critically evaluate how Intrapreneurship may influence HRM processes in the future?
30 Dec 2022,1:42 AM
1. Many organisational theories have been developed in parallel or response to socio-political changes (e.g., Scientific Management; Fordism). How are such theories still relevant in today’s globalised world? Do we need new ways of thinking about organisations if so how? – Discuss!
2. Carroll’s definition of CSR breaks CSR into 4 responsibilities: economic, legal, ethical and philanthropic. Discuss and give examples of how HRM can contribute to each type of responsibility within a 21st century organisation. (You may want to research an organisation and give examples).
3. The Equality Act 2010 is the culmination of 40 years of progressive legislation to create ethical practices and fairness across UK and the European Union. Considering the UK left the European Union on 31st October 2019, discuss the potential challenges that may present in attempting to operationalise HR laws and changes into the workplace.
4. Discuss the advantages and disadvantages of Intrapreneurship for large organisations today – critically evaluate how Intrapreneurship may influence HRM processes in the future?
5. We live in a knowledge society and the industrialised world no longer has a monopoly on knowledge. Competition for jobs is high and it is suggested that: - Individual Competitiveness (employability) = what you know (your distinctive knowledge/skill) x who you know1 (your networks). Discuss.
6. What is the relevance of Talent Management to graduate employability and what role does HR play?
7. Discuss how responsible leadership within HRM could positively influence a climate of authenticity and autonomy within an Organisation.
PART B:
Reflexive Report (500 words)
Why did you choose the specific essay question (subject/topic area) for Part A? In your opinion, what is the importance of this subject / topic area for the study of contemporary management and organisations? How has writing the essay in Part A helped you think differently about organisations, your career and your employment future?
Expert answer
Introduction
Intrapreneurship is an approach to business that encourages employees to act as entrepreneurs within their organisations. This approach enables employees to take ownership of projects, which can lead to increased productivity and creativity. Intrapreneurship is becoming increasingly popular in large organisations, as it can help to foster a culture of innovation and collaboration. However, it is important to consider both the advantages and disadvantages of intrapreneurship in order to determine how it may influence HRM processes in the future. This paper will critically evaluate the advantages and disadvantages of intrapreneurship for large organisations today and discuss how intrapreneurship may influence HRM processes in the future.
Advantages of Intrapreneurship
One of the primary advantages of intrapreneurship for large organisations today is that it can help to foster a culture of innovation. By encouraging employees to act as entrepreneurs, organisations are able to tap into the creative potential of their staff. This can lead to the development of new products, services and processes that can help to drive business growth and success. In addition, intrapreneurship can help to increase employee engagement and motivation. Employees who are given the freedom to take ownership of projects and make decisions are likely to be more committed to their work and more likely to remain loyal to the organisation.
Furthermore, intrapreneurship can help to reduce the risk of failure associated with new projects. By allowing employees to take the lead on projects, organisations can minimise the risk of failure by allowing employees to test and refine ideas before they are implemented. This can help to save organisations time and money, as well as allowing them to take advantage of new opportunities that may arise.
Disadvantages of Intrapreneurship
Although intrapreneurship can bring many benefits to large organisations, it is important to consider the potential drawbacks of this approach. One of the primary disadvantages of intrapreneurship is that it can be difficult to maintain a consistent approach to innovation. As employees are free to pursue their own ideas, it can be difficult for organisations to ensure that all projects are aligned with the organisation’s overall goals and strategies. This can lead to a lack of cohesion and direction, which can hamper the organisation’s ability to innovate and succeed.
In addition, intrapreneurship can lead to conflicts between employees and management. As employees are given more freedom to pursue their own ideas, this can lead to disagreement between management and employees over the direction of projects. This can create an atmosphere of distrust and resentment, which can damage the organisation’s culture and negatively affect employee morale.
Impact on HRM Processes
The impact of intrapreneurship on human resource management (HRM) processes is likely to be significant. Intrapreneurship can help to improve employee engagement and motivation, which can lead to improved performance. Furthermore, intrapreneurship can help to foster a culture of innovation and creativity, which can help to attract and retain talented employees.
In addition, intrapreneurship can help to develop a more collaborative and flexible working environment. By allowing employees to take ownership of projects, organisations can create a culture of trust and respect, which can help to develop better teams and improve communication. This can lead to better decision making and improved organisational performance.
Conclusion
In conclusion, intrapreneurship can be a valuable tool for large organisations today. By encouraging employees to act as entrepreneurs, organisations are able to tap into the creative potential of their staff, which can lead to increased productivity and creativity. However, it is important to consider both the advantages and disadvantages of this approach in order to ensure that it is used effectively. Intrapreneurship can have a significant impact on HRM processes, as it can help to improve employee engagement and motivation, foster a culture of innovation and creativity, and develop a more collaborative and flexible working environment.
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