Question

Discuss some specific ways organizations can develop an innovative, entrepreneurial mindset in teams. What is the cost to an organization of implementing these approaches? How long do you think an organization should wait to see innovative results before abandoning these approaches?

Answer 1

Clarity of mission

your growth and your work both should have a clear cut goal in order for it to be achieved. the same is then reflected in the team and when the same is encouraged for each team member it helps build an atmosphere of self motivated workers which is the very essence of entrepreneur environment.

embrace curiosity

it is important to be curious and constantly research for better and effective ways to do even the simple daily tasks full stop searching for new projects coma asking the correct questions, value in feedback etcetera. this helps build an entrepreneurial mindset and growth atmosphere in the team.

building a network

in almost every profession it is very important to build a strong network. been associated with people who are better than you is itself the very essence of entrepreneur real ethics. only when you are among people who are a step ahead of you in whatever journey you are on can you truly be e growing. being around smart and creative people is essential to harness the power of building a network. building the correct network leads to a substantial boost in productivity.

have resources take ownership of actions

the true entrepreneur never has shortage of talent and resources and at the same time does not shy away from taking responsibility for one's actions. an entrepreneur is a leader who owns their work and takes responsibility on self.

Costs to organisation

the costs to organisation for implementing these methods is very minimal if not zero. this is because most of the skills can be learnt and there is no need for any other outside interference for building entrepreneurial talent And Atmosphere in the team all of the things mentioned are soft skills which can be taken well given they are applied in appropriate situations. having said that some corporate houses have different needs from the other and there some external interference (for example motivational seminar etc.) may be required.

time taken before alteration of these steps

all of the steps mentioned will take time in order to show the result. Entrepreneurial atmosphere and talent cannot be built in a day but climbing the stairs step by step, building entrepreneur atmosphere is no Rocket Science either. however, the organisation should wait a considerable time and see the results of these methods before implementing new methods or order in the existing ones .