So what can companies do to empower an entrepreneurial spirit within their organization? Here are seven tried and true actions:

1. Demand/Leverage diversity

2. Ask employees to think like an Business Owner/Senior Executives (Empower them to make decisions, Champion their ideas, Celebrate successes, etc.)

3. Create a recognition program that rewards employees for thinking like an entrepreneur. Provide feedback and let them grow..

4. Cross-pollination of ideas/departments

5. Minimize the rules

6. Set an entrepreneurial example

7. Create a “crazy ideas” file