• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

1

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it

2

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

3

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Thrive

How to Create a Culture of Intrapreneurs

By
Matt Cosgriff
Matt Cosgriff
and
MiLLENNiAL
MiLLENNiAL
Down Arrow Button Icon
By
Matt Cosgriff
Matt Cosgriff
and
MiLLENNiAL
MiLLENNiAL
Down Arrow Button Icon
May 5, 2016, 10:00 AM ET
511069895
Oli Kellett Getty Images
Add Fortune on Google for similar content.

This piece originally appeared on Millennial.

According to the Harvard Business Review nearly 70% of entrepreneurs hatched their now successful business idea inside an organization. The kicker? They could have been intrapreneurs, yet all of them jumped ship to launch their venture without the safety and security of a paycheck and in many cases with little to no funding.

Stepping outside of an organization full of invaluable resources, brilliant minds and endless support to the unknown abyss known as entrepreneurship can seem like a daunting hurdle to any millennial. Yet despite the risks—obviously stepping out also comes with major upside if an idea turns into Facebook—many motivated and driven millennials would rather face that very unknown than the stable reality inside their organization.

But why? And more importantly how do organizations change to encourage millennials to learn, fail, create and drive effective change?

Creativity and Failing Are (Perceived as) Risky

As organizations mature they become fixated on doing what it is that they’ve become extremely good at. They focus on their competitive advantage. This is ultimately critical to success and a fundamental element to scaling up a successful organization, but with that focus tends to come a certain level of risk aversion.

However, extreme focus on the way things have been done, comes with another form of risk. The same risk that took Blockbuster and Borders Bookstore from relevant to non-existent. It’s called change.

Many established organizations fall into the trap of perceiving creative thinking and failure as a risky proposition, when in fact, in today’s rapidly evolving world it is the inability to change that is far riskier.

Make it Acceptable to Fail (a.k.a. to Learn)

A popular entrepreneurial rallying cry—especially of those with a lean start-up mindset—is to “fail fast and fail often.” The idea is to rapidly expedite the process of learning by quickly testing various iterations of an idea. This allows ideas to be tested inexpensively and in a low-risk environment within an organization before an idea is backed with capital and resources.

While this mentality is becoming more and more popular among start-ups, the idea of “failing” inside a long-standing, successful organization is almost incomprehensible.

“But why would we try to fail?” said the (insert Fortune 500 company here) Senior Vice President quizzically.

The critical takeaway for organizations is to encourage employees—especially millennials who tend to be creative and desperately want to have impact—to expedite their learning. Imagine for a second the knowledge that an established organization has learned over the last decade. Much of that knowledge came from successful product launches, failed marketing attempts, research and development, the list goes on. Now imagine for a second if that same organization could’ve learned everything it has over the last decade in just five years, 24 months or a remarkable 12 months?

By expediting failure (i.e. learning) an organization can more rapidly arrive at success.

Establish Structure Around Creativity and Testing

It sounds almost oxymoronic to create structure around creativity, but creating that structure is critical to driving intrapreneurial success. If an organization encourages creativity and failure just to encourage it, there’s little to be gained. Instead organizations must structure a process for vetting, testing and scaling up successful ideas within their organization.

Take the largest company in the world, Google, as an example. Here is a company, despite its massive size, that has famously allowed employees to spend 20% of their time at work running with entrepreneurial—or in this case intrapreneurial—ideas that will benefit Google. In fact, some of Google’s leading products lines, like Gmail and Google Reader (now defunct), emerged out of this company policy.

Now most companies will never become Google, however, the point remains that it’s critical to have structure around supporting employee’s innovative visions (remember that 70% that leave?). Consider this: structure a process for allowing employees to pitch an idea or concept that they feel strongly about and that aligns with the company’s long-term strategy.

Once an idea is green lighted for testing, encourage employees to build a prototype of their service or product idea to test with a select number of loyal customers that could benefit from the new solution. This allows rapid testing of the solution with an actual market of potential buyers and based on feedback and interest in a given solution, decisions can be made to move forward, pivot or cross the idea off the list, all before vast amounts of time, energy, and resources are dedicated to a particular solution.

Partner Intrapreneurs with Reverse Mentors

One of intrapreneurships greatest values to a company—especially for those that do it well—is the ability to spread learning and knowledge rapidly across a company. Rapid learning through calculated risk taking is ultimately worthless if the knowledge gained from successes and more importantly failures is kept among the small team of intrapreneurs and not disseminated throughout the broader company.

This is precisely where the idea of reverse mentorship and intrapreneurship should collide.

Reverse mentorship is simply the reversal of the flow of knowledge from top down to bottom up. Instead of managers educating subordinates, reverse mentorship advocates allowing employees on the front lines to send their intimate knowledge of customers wants and needs back up the proverbial food chain.

As company intrapreneurs test hypotheses surrounding an idea and generate a more clear understanding of what customers want and need—and oftentimes establish what they do not want and do not need—it is critical that companies have a structure for disseminating that information out through the organization. A fundamental assumption learned among an intrapreneurial team might be the hidden secret to enhancing a product or service line on the other side of the organization, making it all the more critical that rapid learning and knowledge be spread throughout an organization at a rapid pace.

About the Authors
By Matt Cosgriff
See full bioRight Arrow Button Icon
By MiLLENNiAL
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings
CryptoCryptocurrency
Close to a million investors of the Trump memecoin lost a collective $3.8 billion, even as the president disclosed $636 million in earnings
By Marco Quiroz-GutierrezJuly 7, 2026
8 hours ago
The Best Berberine Supplements (2026): Everything You Need to Know
HealthDietary Supplements
The Best Berberine Supplements (2026): Everything You Need to Know
By Christina SnyderJuly 7, 2026
8 hours ago
Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
PoliticsDonald Trump
Presidents aren’t supposed to pick winners, former White House ethics lawyer says. Trump keeps choosing Dell
By Mia OsmonbekovJuly 7, 2026
8 hours ago
Meet the former Goldman Sachs exec who became the America’s Cup Partnership’s first CEO and is running the 175-year-old trophy like a startup
C-SuiteSports
Meet the former Goldman Sachs exec who became the America’s Cup Partnership’s first CEO and is running the 175-year-old trophy like a startup
By Catherina GioinoJuly 7, 2026
8 hours ago
Palantir CEO Alex Karp with his arms outstretched while making a point on stage.
NewslettersEye on AI
Palantir CEO Alex Karp is wrong about the threat Anthropic and OpenAI pose to most enterprises. That doesn’t mean he doesn’t have something to lose
By Jeremy KahnJuly 7, 2026
8 hours ago
Scott Wu, in front of a blue background, sits in a gray chair and speaks to a person out of frame.
AIProductivity
Cognition CEO says tech companies got ‘carried away’ with token leaderboards and should measure employees on output instead
By Sasha RogelbergJuly 7, 2026
9 hours ago

Most Popular

Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
Success
Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
By Preston ForeJuly 6, 2026
1 day ago
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
3 days ago
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Asia
China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
By Nicholas GordonJuly 7, 2026
20 hours ago
Current price of oil as of July 6, 2026
Personal Finance
Current price of oil as of July 6, 2026
By Joseph HostetlerJuly 6, 2026
2 days ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
4 days ago
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
Politics
The man who ran Bernie's campaign says Democrats are still making the same mistakes with Democratic Socialists, and they should laud Mamdani's win
By Catherina GioinoJuly 6, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.