1Assistant Professor, Department of Management Studies, Institute of Science and Management, Pundag, Ranchi, Jharkhand-834004
The founders of Adobe John Warnock and Charles Geschke left their jobs at Xerox as they did not receive any encouragement for their research efforts from the management of the company. As on 2010, Adobe had an annual turnover of over $3 million. The other side of the story is that in USA only the venture capital industry has produced 35 percent return on investment by taking frustrated R&D people and their rejected ideas out of large companies, and financing the commercialisation of those ideas during the same period as per the industry report. Thus, intrapreneurship has become a very important strategy for talent management in the era of ‘talent war’ across the globe. The most simplified definition of intrapreneurship can be given as the practice of entrepreneurship by employees within an organisation. In India, the intrapreneurial culture is fast catching up. Today most of the big Indian business houses are practicing this culture in one form or other with the multiple objectives of better innovation and competitiveness, talent attraction and retention, etc.
The paper attempts to explore different dimensions of intrapreneurial practices as the emerging approach towards talent management practices.
Intrapreneurship, Innovation, Talent Management, Strategy
