Auditing of Entrepreneurial Spirit

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.