Resurgence in Entrepreneurship and the Growing Popularity of Intrapreneurs
Study finds flexible working fosters innovation in the workplace
Entrepreneurship in Canada is growing at an astonishing rate, with 80 per cent of Canadians saying they’ve seen a rise in entrepreneurship over the past five year. This latest report diving in entrepreneurship by Regus, the world’s largest provider of flexible workspaces, shows that innovation and entrepreneurship within organizations is also becoming increasingly popular as companies look to stay ahead of the curve. This entrepreneur role within an organization is being referred to as intrapreneurship.
Given the increasing importance placed on developing entrepreneurship within the business by companies such as Google and Dell, Regus investigated what measures companies believe are key to nurture intrapreneurs in their organization.
Over half (53%) of respondents said having flexibility in when and where they work fosters innovation in the workplace. In addition, updating or improving skills (45%), mixing staff from different functions (34%) and access to senior management (28%) were all viewed as important drivers of intrapreneurial success.
“True Intrapreneurs are motivated free thinkers, and they achieve the most success when they challenge the status quo," said Ferhan Bulca, Creator and the Lead Instructor for Business Innovation Certificate Program at University of Toronto and serial intrapreneur. “To breed this kind of innovative thinking in the workplace, flexibility in the way they work, like working from a different workspace, will benefit intrapreneurs, allowing them to get away from the 9-to-5 desk job in a potentially stifling corporate environment.”
There’s no doubt businesses are starting to foster entrepreneurship among their own employees. Flexible working helps these kinds of employees go to a space that drives innovative thinking outside of their regular work routine. At Regus we offer co-working spaces, ThinkPods, large and small meeting spaces, and business lounges to network with people from different areas of expertise, and help Intrapreneurs focus on staying innovative.
Other key findings from the Regus Entrepreneur Report found:
- 26% of respondents report formal innovation programs are a key innovation driver;
- 62% of respondents identify the IT and software sector followed by consultancy and business services as a having the richest potential for setting up a new business;
- 12% state that female entrepreneurship and 8% that serial entrepreneurship is on the rise;
To view the full Entrepreneurs Report, visit: http://bit.ly/Q5n0wH
 The Financial Times, Intrepreneurs to the rescue, 13th March 2014
Regus is the global workplace provider.
Its network of more than 2,000 business centres in 103 countries provides convenient, high-quality, fully serviced spaces for people to work, whether for a few minutes or a few years. Companies like Google, Toshiba and GlaxoSmithKline choose Regus so that they can work flexibly and make their businesses more successful.
The key to flexible working is convenience and so Regus is opening wherever its 1.5 million members want support – city centres, suburban districts, shopping centres and retail outlets, railway stations, motorway service stations and even community centres.
Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange. For more information, please visit www.regus.com.