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Intrapreneurship and Libraries: Need, Competencies Requirement, Barriers and Strategic Approach for Success. Jitender sharma Librarian NIILM Centre for Management Studies, Greater Noida , Delhi-NCR. Rationale Behind this Paper.

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Intrapreneurshipand Libraries: Need, Competencies Requirement, Barriers and Strategic Approach for Success

Jitendersharma

Librarian

NIILM Centre for Management Studies, Greater Noida, Delhi-NCR

rationale behind this paper
Rationale Behind this Paper

Topic of the conference “Entrepreneurial Approaches to Librarianship” forced thinking about relevance of the topic for librarians

Trying to understand correlation between entrepreneurship and librarianship

Understanding need to borrow management concepts in librarianship

State of librarians and their intrapreneurship capabilities in Indian libraries

beginning
Beginning…

Global economic recession impacted all sphere of life

Hit hard on the education sector as hiring demand is less due to slowdown

Many institutions either closed down or are in the process of closing down

Need of additional revenue generation and adopting innovative methods to remain relevant

impact on libraries
Impact on Libraries…

Libraries are still considered to be non productive entities

Budget shrinking in any academic set up always starts from library

Downsizing of staff and cutting down on academic resources

Users’ expectations and demand however always go up

This need to think on some innovative ways of revenue generation and be less dependent on organizational resources

entrepreneurship
Entrepreneurship…

Numerous definitions are available on entrepreneurship and lot has been written

Thinking, judgment making, risk taking capabilities, innovation are some common traits of an entrepreneur

Summing up: Entrepreneurship is an inner quality of dreaming, thinking differently, developing innovative idea(s), striving hard to make that idea(s) a reality and taking calculated risk to make this idea successful

an entrepreneur
An Entrepreneur…
  • Various definitions are available
  • Summing up them all
    • An entrepreneur is willing and able to convert a new idea or invention in to a successful venture
    • An entrepreneur always strives for novelty, innovation and is always willing to take risk or sacrifice for bringing innovation in an existing system
intrapreneurship
Intrapreneurship…

Lot of overlapping between entrepreneurship and intrapreneurship

Entrepreneurship within a firm or large organization is referred as intrapreneurship

It is comparatively less risk taking

Focus more towards bringing innovative practices and methods in existing system for more efficiency and additional revenues/resources generation

Entrepreneurship is like a tree and intrapreneurship is like its branches

intrapreneur
Intrapreneur…

An intrapreneur is an entrepreneur who works within the organization

Intrapreneur works for innovative accomplishments

Works for finding new opportunities, developing a new product, service or technology

Introduces new process, procedures and make structural changes so as to bring innovation and resources generation

need of intrapreneurship in libraries
Need of Intrapreneurship in Libraries

Information is commercially exploitable in 21st century

It is considered as fifth pillar of production

Libraries being the storehouses of information can easily make use of the same for commercial sense

This can make libraries and librarians relevant in these tough economic times

This will bring financial rewards and professional experience for library professionals

Taking up such challenging tasks will help them in getting parity with teaching community

Not possible for all librarians to take up a full scale entrepreneurship route

competencies requirements
Competencies Requirements…

Information assimilation, storage and dissemination is their stronghold

Requiring basic management skills like developing, implementing & marketing a business plan, simple accounting/ finance methods and operations management skills

Need of good communication skills both verbal and written

barriers
Barriers…

Lack of staff resulting in hampering regular work and services

Lack of clientele and lack of marketing skills in finding and developing new clients

Dilemma of Users first versus Customers first

Lack of organizational support for taking up such ventures and for initial funding

Tough competition from commercial established players working on large scales

the way ahead
The Way Ahead…

Identify your strengths, weaknesses, opportunities and Threat (SWOT Analysis)

strategic approach
Strategic Approach…

Devise a workable and profitable plan and defend the same before authorities about need of such work with clear cut achievable goals and also potential risk involved

Indentify information products that are different or superior from competition

Think about collaboration to avoid duplication and gain more

Correctly estimate your organization risk taking appetite

May tie up with commercial entities and extend your expertise for mutual benefits

Contents developments for online education can be one such example

conclusion
Conclusion

Only change is constant, hence change and change for your skills upgradation that results in new innovative products development with potential of not only serve your existing users but with commercial viability also.

Intrapreneurship efforts will help librarians not only keep floating in these uncertain times but will cement their place and worth in organizations