In today’s turbulent business environment, the need for agility and innovation extends far beyond the start-up world. Companies, large and small, need managers who think like owners - leaders who can spot market gaps, challenge the status quo and execute bold, calculated risks. This is the entrepreneurial mindset and it is now an essential trait for sustained career success.

The online Postgraduate Diploma in Business Administration (PDBA) from Wits Business School recognises that not every ambitious professional wants to launch a venture. Many aim to drive innovation from within established corporate or public structures, a practice known as intrapreneurship. This fully online programme provides the unique conceptual framework and practical skills needed for both paths.

Here is how the PDBA equips you to adopt this dual, high-growth mindset.

The Core: Understanding Opportunity and Risk

The foundation of the entrepreneurial mindset is the ability to move from idea generation to a viable business model. This requires rigorous planning and a critical understanding of the market.

Module: Entrepreneurship

This module provides a rigorous introduction to the theoretical and practical issues associated with launching and sustaining enterprises. It moves beyond common myths to focus on evidence-based critical learning. You will learn how to:

• Identify market gaps: Spot viable opportunities where traditional business models fall short.
• Conduct business model thought canvas: Systematically structure a start-up idea to test its sustainability and scalability in the South African and African context.

Path 1: Launching Your Venture (The Founder’s Toolkit) 

For those planning to leave the corporate safety net, the PDBA provides the comprehensive business framework necessary to launch and manage a robust new enterprise.

Path 2: Driving Innovation (The Intrapreneur’s Edge) 

If your ambition is to climb the corporate ladder, the PDBA teaches you how to be the catalyst for strategic renewal within your existing organisation. This is intrapreneurship - leveraging corporate resources to pursue disruptive innovation.

• Strategy and change execution: Intrapreneurs must justify their innovative projects to leadership and manage resistance to change. The Strategy module teaches you the principles of strategic change execution and integration. You learn to align your pioneering initiatives with the competitive advantage of the overall organisation.
• Digital disruption: The Digital Business module is vital for intrapreneurs. It introduces major technological trends, particularly those related to the Fourth Industrial Revolution (4IR), allowing you to identify how new technology can be leveraged to radically transform internal operational processes or generate entirely new revenue streams for the company.
• Agile project delivery: Innovation projects are characterised by rapid change and uncertainty. The Project Management module equips you to deal with multiple conflicting stakeholder demands and rapid change, ensuring that innovative ideas move from concept to implementation effectively.

By mastering this dual approach, the Wits PDBA graduate becomes an essential engine of growth, whether they are signing their first start-up lease or leading a multi-million rand internal transformation project.

Frequently Asked Questions (FAQs)

1. What is intrapreneurship, and how does it differ from traditional management? 

Intrapreneurship is the act of behaving like an entrepreneur while working within an existing, large organisation. It differs from traditional management because it prioritises innovation, calculated risk-taking and rapid prototyping to develop new products, services or procedures, rather than focusing solely on optimising existing operations.

2. Can the PDBA replace an entrepreneurship incubator or start-up programme? 

The PDBA provides the academic and strategic foundation (finance, strategy, law and marketing) that a start-up needs to be viable. While it doesn't replace the networking and mentorship of an incubator, it ensures that your venture is built on a solid, research-backed business model, significantly increasing its chances of sustainable success.

3. How does the Digital Business module support innovation in a start-up or corporate setting? 

It teaches managers to identify and assess the strategic impact of major technological trends (such as AI and cloud computing). For a start-up, this means identifying disruptive technology as a competitive advantage. For a corporation, it means leading the necessary digital transformation and change management.

4. What is the role of business law in the entrepreneurial mindset? 

The entrepreneurial mindset requires calculated risk. Understanding basic business legal concepts such as contracts, intellectual property and the formation of a legal entity, is essential for mitigating that risk. The PDBA ensures you know the legal guardrails so you can innovate aggressively but responsibly, avoiding costly legal pitfalls.

5. Does the PDBA help with securing funding for a new venture? 

Yes. To secure funding, you must present investors with a robust strategy, detailed financial projections and a sound business model. The PDBA provides the knowledge and vocabulary (from the Strategy, Entrepreneurship and Finance modules) to build a compelling business case and communicate investor value effectively.