3 Intrapreneurs Who Made Their Company’s A Huge Amount Of Money
Intrapreneurship, the act of developing entrepreneurial skills and attitudes within an organization, is a powerful way to drive innovation and growth. By encouraging employees to think like entrepreneurs, businesses can tap into the creativity and passion of their workforce, leading to new ideas, products, and services.
In this article, we will explore three intrapreneurs who successfully made a huge amount of money for their overall companies.
Art Fry, Post-it Notes
Art Fry was a 3M scientist who, in 1974, developed a new type of adhesive that allowed notes to be stuck to surfaces without damaging them. Fry recognized the potential of this new adhesive and developed the concept of the Post-it Note, a small sticky note that could be used for reminders and notes.
Despite resistance from his colleagues, Fry persisted in developing the product and launched the Post-it Note in 1980. The product was an instant success, and has since become one of 3M’s most successful products, generating billions of dollars in revenue.
Fry’s success demonstrates the power of intrapreneurship, as he was able to develop a new product within the context of his existing role at 3M. By recognizing the potential of a new technology and pursuing his idea, Fry was able to create a product that has become a staple of offices and households around the world.
Shantanu Narayen, Adobe Creative Suite
Shantanu Narayen joined Adobe in 1998 as senior vice president of worldwide product research, where he was responsible for overseeing the development of new products. In 2003, Narayen recognized the potential of combining Adobe’s various design tools into a single suite, which would streamline the design process for creative professionals.
Narayen led the development of the Adobe Creative Suite, which was launched in 2003. The suite quickly became a favorite of creative professionals, and has since become one of Adobe’s most successful products. In 2020, the company reported revenue of over $13 billion, much of which can be attributed to the success of the Creative Suite.
Narayen’s success demonstrates the power of intrapreneurship in driving innovation and growth within an organization. By recognizing a gap in the market and pursuing his idea, Narayen was able to create a product that has become a cornerstone of Adobe’s business.
Susan Wojcicki, Google AdSense
Susan Wojcicki joined Google in 1999 as the company’s first marketing manager. In 2003, Wojcicki recognized the potential of serving ads on Google’s search results pages, which would allow the company to generate revenue from its search engine.
Wojcicki led the development of Google AdSense, a program that allows website owners to serve ads on their sites and share in the revenue generated by those ads. AdSense quickly became a popular advertising platform, and has since become a major source of revenue for Google.
Wojcicki’s success demonstrates the power of intrapreneurship in driving innovation and growth within an organization. By recognizing the potential of a new revenue stream and pursuing her idea, Wojcicki was able to create a product that has become a major source of revenue for Google.
Conclusion
Intrapreneurship is a powerful approach to business that can drive innovation and growth within an organization. By encouraging employees to think like entrepreneurs, businesses can tap into the creativity and passion of their workforce, leading to new ideas, products, and services.
The success of Art Fry, Shantanu Narayen, and Susan Wojcicki demonstrates the power of intrapreneurship in driving innovation and growth within an organization. By recognizing opportunities and pursuing their ideas, these intrapreneurs were hugely successful for their overall parent companies. Make this your success story. Develop intrapreneurial leaders at every level of your organization using 5Paragraph.
