Verhaert’s intrapreneurship program for Bayer

Verhaert Strategic Innovation has been running a successful intrapreneurship program for Bayer, the global leader in pharmaceuticals and life sciences. This program focuses on transforming the agricultural sector by developing services that cater to the evolving needs of farmers and consumers. Over the years, Bayer teams have benefited from expert mentoring and coaching, helping over 25 groups successfully move from initial concepts to market launches. Additionally, a tailored e-learning curriculum equips team members with the skills needed for new business creation, enabling them to apply their knowledge in real-time. Bayer established a growing business in digital farming solutions thanks to our compelling approach.

The value of intrapreneurship: corporates thinking like start-ups

Intrapreneurship combines the agility of start-ups with the resources of corporates, creating a fertile ground for innovation and growth. When employees are encouraged to think and act like entrepreneurs, companies can uncover fresh opportunities, solve complex challenges, and stay ahead in fast-changing markets. Besides driving innovation, this approach also energizes employees, fostering a sense of ownership and purpose.

Intrapreneurship brings several benefits to both companies and employees:

• Innovation boost: Encouraging employees to think outside the box and explore new ideas leads to a broader range of innovative solutions.
• Employee engagement: Empowering individuals to take ownership of projects drives motivation and fosters a deep connection to the company’s success.
• Long-term growth: Intrapreneurship sparks the development of new products, services, and business models that fuel sustainable growth and generate fresh revenue streams.
• Talent retention: Providing opportunities for employees to develop entrepreneurial skills helps attract and retain top talent.
• Improved agility: By nurturing a culture of experimentation and innovation, companies can adapt quickly to market changes.

Key elements of a successful intrapreneurship program

Building an effective intrapreneurship program takes more than simply encouraging innovation, it requires a structured approach that connects with your company’s broader strategy. The most successful programs create an environment where creativity and experimentation thrive, supported by clear processes and strong leadership. By investing in the right framework, companies can transform employee ideas into tangible outcomes that drive growth and competitive advantage.

To create a successful intrapreneurship program, focus on:

• Clear objectives: Define specific, aligned goals to guide the program’s direction.
• Supportive culture: Build an environment that encourages risk-taking and collaboration.
• Dedicated resources: Ensure teams have the necessary funding, mentorship, and training to succeed.
• Effective communication: Keep employees informed, celebrate successes, and share progress.
• Continuous improvement: Regularly assess the program’s effectiveness and adjust as needed.

Building an intrapreneurial culture to fuel innovation and growth

Intrapreneurship is a powerful strategy for companies aiming to drive innovation and achieve lasting growth. By creating a supportive environment and empowering employees to think and act as entrepreneurs, organizations tap into a wealth of creativity and new ideas, resulting in groundbreaking products, services, and business models. This approach has the potential to transform industries and shape the future. Take a moment to reflect on how your organization fosters innovation. What steps could you take to empower your teams to think bigger and bolder?

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Mindset, skillset and toolset for innovators

First of all, let’s investigate when peak performance happens when you execute work. You work in a certain way because:

• You WANT to work like this. You believe it is meaningful, consistent, transparent or whatever your set of values holds
• You are ABLE to work like this. You know how to do it in an efficient and effective manner
• You are EQUIPPED to work this. You have the tools and means to do it in a proper way

This mix is typically being referred to as the 3 pillars of successful task execution. To make it more practical for an innovation setting, let’s deconstruct each of them.

Mindset

A set of beliefs, a way of thinking, how you perceive things. Your mental attitude determines your behavior and outlook and how you will interpret and respond to situations.

• Be curious; listen and try to understand (rather than checking out). Be empathic with problem owners without pitching your solution. Dig deeper to understand behavior and hidden needs
• Be adaptive to context and continually change to meet the challenges of complex conditions. Question yourself and validate your assumptions often. Change your mind based on new insights
• Think of growth in possibilities, synergetic partnerships, product roadmaps. Be ambitious

The post The innovator’s blueprint: mindset, skillset and toolset for success appeared first on Verhaert Masters in Innovation.

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Any organization has a vast pool of high-potential innovators. How do you push innovation forward? How do you deal with the struggle to carve out appropriate time for innovation R&D? Learn from DEME’s method to enable central innovation and how it finds a good balance in different approaches and tools to manage their innovation portfolio.

Watch the recording

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Corporate entrepreneurship as a scalable innovation engine

Digitization, sustainability, doing more with less, increasing the output of innovation, and many more innovation trends are becoming a must-have for consumers, instead of a nice-to-have. How do you organize your company to implement these criteria when creating new sustainable businesses?

Scaling corporate innovation allows you to leverage on your employees as innovation champions. It creates an ongoing and scalable innovation engine, while elevating and empowering your workforce. To set up and manage corporate entrepreneurship, you need to adopt the right mindset and provide supportive programs.

Best practices & proven frameworks from innovation experts

Corporate entrepreneurship seems like the holy grail for innovation, yet there are still several obstacles until you can successfully build on your in-house innovation capacity. During this webinar you’ll find out how to overcome these innovation management challenges through best practices and proven frameworks:

• 15h00 – The most common challenges to upgrade your innovation capacity (Verhaert)
• 15h25 – Intrapreneurship as an innovation strategy (Bayer)
• 15h45 – Organizing a scalable engine for innovation (AfCE)
• 16h05 – How to enable innovation champions (DEME)

Interested in attending the ‘Scaling corporate innovation’ webinar? Visit the event page to register of find more information about the sessions.

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