Entrepreneurship and intrapreneurship is on the rise, finds Regus survey

CoolAvenues Newswire | April 15,2014 02:58 pm IST

More and more businesses are realising the importance of nurturing innovative entrepreneurs among their employees to help drive growth, but what are the top strategies to promote innovation within the business? Latest research by Regus, the flexible workspace provider, reports that 48% of business people in India think flexible working is key..

Given the increasing importance placed on developing entrepreneurship within the business by companies such as Google and Dell, the survey asked respondents to identify which measures they regarded as key to nurturing so-called intrapreneurs and found that more than half of Indian firms selected skills updating programmes (55%), mixing staff from different functions (36%) and access to senior management (32%) followed.

These are the key findings of the latest research by Regus that canvassed the views of more than 19,000 senior business people and owners in 98 countries. 495 Indian respondents participated in the survey.

Some additional highlights are:
• 24% of respondents report that formal innovation programmes are a key innovation driver;
• 92% of respondents think entrepreneurship has increased in the past five years in their sector;
• 6% state that female entrepreneurship and 11% that serial entrepreneurship (people who set up a series of new businesses, one after the other) is on the rise;

Commenting on the results, Mr. Sahil Verma, Chief Operating Officer – India, Regus says: “With small businesses accounting for over 90% of businesses and over three fifths of employment in most economies, it is evident why entrepreneurship should be fostered and nurtured.

But businesses have cottoned on to the powerful innovative drive of entrepreneurs too and are looking to foster entrepreneurship among their own employees. So how can entrepreneurial behaviour be encouraged? Flexible working not only taps into employee demand for a better work:life balance, by allowing them to work their own hours and from different locations, but it also helps employees mingle with workers from different functions, and even different firms, vastly widening their outlook and experience. Flexibility and diverse inputs can really help employees think outside the box and seek out innovation.” 



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