c


 c
 :

To emphasize the current competitive advantages (marketing programs,

administrative skills etc) while using entrepreneurial actions to develop
µINNOVATION¶ as tomorrow¶s competitive advantage.

This letter invites applications for a business plan idea that is to be submitted to the
senior managers. This is an opportunity for all. The company would be registering
50 applications in a month.

0 On receipt of the applications, a business analyst (from within the company)

would be appointed to analyze these 50 applications to see which of these
would actually work with the growth of the organization.
0 Once the ideas are selected, an initiative is taken by the employee with the
help of the senior managers to select the correct people qualified in the field
of the plan selected.

While selecting the plan-focus will be made on the following aspects :

1. Consequences of the actions or decisions

2. See the long range needs and implications of a situation.

è




c :

Developing entrepreneurship vision by the employees

Crafting innovation (present the idea)

Yes No

Acceptance Rejection

Developing new venture teams

 ‘ffective compensation for an entrepreneurial culture

Implementation of the strategy

If the project idea is passed then the following conditions should be considered :

1.
  è  : 1000$ from the company and if additional required then
the amount can be taken from the employee¶s own salary or you are also
allowed to take loan from the company for the same ( upto a certain limit
which will be decided by the company)
2. If the project is lost then the loan will be taken care of by the company and
500$ would be still be given for the effort made.
3. cè 
: The employee would be given 10% of the profit
earned from the project. Also, the employee would have an option to take
the compensation in the form of cash or in the form of shares of the
company.
4. Separate rewards/ recognition would be given to the team and the company
would bring in new contacts for people to expand their business capabilities
( but within the company).
5. Time period given ± a minimum of 4 months for a project.
6. Separate hours for the project after work within the company.
7. No separate time would be wasted for training. For help trained personnel
can be hired as per required.
8. In the end, once the project commences and is hence completed, the
employees would be provided with certificates for the same and would be
allowed to use their shares /profits for next investments.