How Intrapreneurs build social capital to overcome barriers for radical innovation
Jonas Fehling and Alice Carlson, alumni from the Master’s program in Entrepreneurship and Innovation from the Corporate track, are announced finalists in the national thesis competition Nytt&Nyttigt. The competition is organized by Esbri and Vinnova, Sweden's Innovation Authority and the Institute for Entrepreneurship and Small Business Research. The competition welcomes theses within the research focus of innovation, commercialization and utilization. Out of 111 theses, Jonas’s and Alice’s thesis, How Intrapreneurs build social capital to overcome barriers for radical innovation, is one of the three finalists. The official award ceremony will be held in January 2021, and the finalists will receive travel grants à 40.000, 30.000 and 20.000 SEK.
Five strategies identified for intrapreneurs to overcome barriers for radical innovation
The thesis, supervised by Associate Professor Joakim Winborg, is a qualitative deep dive into the urgent need among established corporations to successfully deploy radical innovation in order to stay competitive. However, intrapreneurs working on radical innovation projects are often seen to encounter several barriers that hinder the work from successfully going forward. This problem is mainly due to the fact that processes of many companies are not made to support this kind of innovation. Therefore, intrapreneurs instead need to rely on their social capital to overcome barriers for radical innovation. The thesis identifies five strategies that intrapreneurs use to build social capital and thus manage to overcome barriers for radical innovation.