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Jeremy Roberts
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Charlie Mullins
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Tony Caldeira
Brian Hay

Large firms “should adopt same entrepreneurial spirit as smaller counterparts”

Large companies need to adopt the same entrepreneurial spirit as their smaller counterparts in order to boost economic growth, the CIPD has suggested.

The organisation said that big businesses should encourage a culture of intrapreneurialism to foster innovation and growth.

And it seems as though employees want to do just that. Some 37 per cent of workers said they would welcome the opportunity to take on a more intrapreneurial role within the workplace.

However, just 12 per cent of organisations encourage and facilitate such behaviour, the poll revealed.

Claire McCartney, research advisor at the CIPD, said that successful businesses depend on innovative ideas. She also claimed that good people management is crucial to the long-term success of any enterprise.

"As start-up companies grow, it can be easy for the entrepreneurial spirit that made it so successful in the first place to wane, but the companies we've spoken to have proven that even the largest organisations can retain an innovative edge if they pay close attention to attracting, retaining, engaging and developing the right talent to live and breathe the values of the founders,” McCartney added.

The research also suggested that a fear of failure also holds back many businesses.

Holly Tucker, co-founder of online marketplace notonthehighstreet.com, said, "Big businesses can learn a lot from this advice.

“We started in 2006 with just a handful of people and passionate belief in what we were doing. As such we recruited people who shared our vision and values; they were completely aligned to where we saw ourselves and the business going.

“We're incredibly successful because of the quality of our workforce; and we really listen to what our customers want.

"Our employees have space to grow professionally in a nurturing environment and develop their passion for innovation, driving our business forward."

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