This strategy deals with development of confidence and spirit in employees to show initiative through training and decentralization and delegation of authority.
Developing an entrepreneurial spirit among all employees
- Decentralization as a culture
- Full autonomy tasks to employees and encouragement of risks and initiative.
- ROI mindset in all activities
- Thinking of ROI and cost-effectiveness by all employees.
- Service orientation on the part of all employees.
- HR systems like appraisal system, continuous training, use of small groups and other OD interventions encourage spotting of opportunities, making business plans and entrepreneurial thinking.
- Promotion of training in achievement motivation, entrepreneurship training.
Auditing Methods and Techniques for entrepreneurial spirit
Interviews:
- HR Managers: To get insight on:
- HR systems and mechanisms to facilitate inculcation of entrepreneurship among employees.
- Link of employee appraisal, training, OD intervention with entrepreneurship.
- Adequacies and inadequacies of these strategies.
- Measures for their improvement.
- Line Managers/ Functional Heads: To understand:
- Contribution of HR department in development and improvement of entrepreneurship.
- Presence of task force or think tanks catering to this area.
- Additional measures required by HR for improving this feeling.
Documents/ Secondary Data:
- Any documents relating to entrepreneurship or entrepreneurial spirit among employees.
- Task forces for business development or new product development.
Questionniare Data:
- HR audit questionnaire.
- A separate tool can be constructed or used.