The article “How 100-Person Startups are Beating Corporate Giants” explores the advantages of small, focused teams in driving innovation. But can large organizations foster similar agility? The answer lies in creating and supporting a culture of intrapreneurship where employees are empowered to think and act like entrepreneurs within the company.
I experienced this firsthand Edwards Lifesciences, as part of their incubator for transcatheter heart valve technologies. At the time, open-heart valve procedures were the gold standard. Rather than be displaced by this new technology, Edwards committed to being the disruptor. Their incubator provided the autonomy, resources, and entrepreneurial environment to develop transcatheter solutions that ultimately redefined the field positioning Edwards as a leader in innovation.
This model demonstrates how corporate giants can leverage their scale while empowering intrapreneurs to deliver breakthrough solutions. When large companies invest in bold initiatives and allow small, nimble teams to operate with startup-like focus, they can compete—and win—in rapidly changing markets.
How is your organization fostering intrapreneurship and innovation? I’d love to hear your thoughts.
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