These two words have actually grown to cause a lot of controversy in the business world today. While some constantly wonder which of these suit them more appropriately, others do not even know what these words mean.

This article will clarify the differences between these two words as a matter of necessity because they sound and pose an object of confusion for many, in subsequent articles we would treat thoroughly other aspects of this topic. As always we must first analyze the meanings of these words.

According to management consultants GIFFORD AND ELIZABETH PINCHOT in their book “ Intrapreneuring: why you don’t have to leave the Corporation to be an entrepreneur” Intrapreneurs was defined to mean “dreamers who do, those who take hands-on responsibility for creating innovations of any kind within a business.”

Intrapreneurship is very often referred to as the entrepreneurship within an organization; which implies that new initiatives, creativity, and dynamism that augment organizational competence are intrapreneurship. It is, in fact, a matter of necessity that an intrapreneur can do the job of an entrepreneur. Which finally brings us to the description of who an entrepreneur is.

An entrepreneur is a person who sets up his own business taking a considerable amount of risk to own and operate the business with the aim of earning returns and rewards, from that business. Both of these categories of people must have certain qualities such as creativity, insight, good leadership abilities, adaptability and a good knowledge of the market in which their business thrives. See key differences for more insight.
However, in this article we would be discussing their differences and not their similarities.

Below are the major differences between them:

• Risk bearing: Unlike the intrapreneur, the entrepreneur bears all risks pertaining to the business, while the company bears the risks in the case of the intrapreneur. When profit or loss is made in an organization it directly affects the entrepreneur but it is borne by the company in the intrapreneur’s case. Intrapreneurs do not have the same level of authority and freedom as the entrepreneur, due to this it is only expected that the risk is borne on this same level.

Continue reading at...https://www.sme360.ng/2020/06/04/what-is-the-difference-between-entrepreneurship-and-intrapreneurship/

sme360ng:
These two words have actually grown to cause a lot of controversy in the business world today. While some constantly wonder which of these suit them more appropriately, others do not even know what these words mean.

This article will clarify the differences between these two words as a matter of necessity because they sound and pose an object of confusion for many, in subsequent articles we would treat thoroughly other aspects of this topic. As always we must first analyze the meanings of these words.

According to management consultants GIFFORD AND ELIZABETH PINCHOT in their book “ Intrapreneuring: why you don’t have to leave the Corporation to be an entrepreneur” Intrapreneurs was defined to mean “dreamers who do, those who take hands-on responsibility for creating innovations of any kind within a business.”

Intrapreneurship is very often referred to as the entrepreneurship within an organization; which implies that new initiatives, creativity, and dynamism that augment organizational competence are intrapreneurship. It is, in fact, a matter of necessity that an intrapreneur can do the job of an entrepreneur. Which finally brings us to the description of who an entrepreneur is.

An entrepreneur is a person who sets up his own business taking a considerable amount of risk to own and operate the business with the aim of earning returns and rewards, from that business. Both of these categories of people must have certain qualities such as creativity, insight, good leadership abilities, adaptability and a good knowledge of the market in which their business thrives. See key differences for more insight.
However, in this article we would be discussing their differences and not their similarities.

Below are the major differences between them:

• Risk bearing: Unlike the intrapreneur, the entrepreneur bears all risks pertaining to the business, while the company bears the risks in the case of the intrapreneur. When profit or loss is made in an organization it directly affects the entrepreneur but it is borne by the company in the intrapreneur’s case. Intrapreneurs do not have the same level of authority and freedom as the entrepreneur, due to this it is only expected that the risk is borne on this same level.

Continue reading at...https://www.sme360.ng/2020/06/04/what-is-the-difference-between-entrepreneurship-and-intrapreneurship/

Good one.

Keep it up.