The praise that techcrunch gives it almost seems like parody:
http://techcrunch.com/2010/10/25/ray-ozzie-dawn-of-a-new-day...
"Below is a short excerpt from the end of the memo, as I wouldn’t dream of stealing the man’s thunder"
"Intrapreneurial"... I think the last time I heard that word was in the 90's at IBM (along with "rightsizing" and other business jargon that I forgot). Then came the Internet boom and brought along a new layer of lexical detritus.
intrapreneurial is a term for being an entrepreneur within the confines of a larger organisation. It's a business school buzzword for people working in a larger company to feel like they're just like real entrepreneurs, but doing it with the might and resources of a large organization behind them.
Or, as otherwise known, 'doing your job'.
To be fair, though, creating new products/services within a larger organization can provide significant challenges. You could argue that Google promotes intrapreneurship with the 20% time projets.
I got bored halfway through, and I still don't understand what his point is.
My favorite use of language is the one you mention "intrapreneurial"!