Intrapreneurship: An Effective Tool for Organizational Sustainability

Abstract

The current status of the business environment has been observed with the increasing pressure on organizations in terms of their sustainable existence and development. The businesses of any type and any size have recognized the reality that past economic achievements do not provide assurance for success in the future .Organizations are taking many steps to withstand in the tough competition. One of the ways in this direction is to encourage intrapreneurial urge among the workforce for enhancement in productivity and performance at his job. Intrapreneurship is judged as the most significant way to curb weaknesses of enterprises, as it helps organizations to obtain a better competitive position. It also contributes to strengthen the economy of the nation. In this context, the study was carried out to identify the organizational parameters which are significantly correlated with improvement in total performance. Attempts were made to recognize the suitable ecosystem which is conducive for the intrapreneurial behaviour of the workforce. It would support innovativeness in the culture which could ultimately be transformed into a long term sustainable growth of the organization. Conclusions were deduced from the study of 30 SMEs working at Sangli District in South Maharashtra.