Entrepreneurship Vs. Intrapreneurship
Intrapreneurship is acting as an entrepreneur in a large organization. The term is the combination of “intra” or internal, and ‘entrepreneurship.” Intrapreneurs are employees who implement the essential principles of entrepreneurship for the benefit of the organizations for whom they work for. They are highly self-motivated, proactive, and action-oriented people. They take the initiative, even within the boundaries of an organization for innovation in product or service. They think out of the box, and •have risk-taking and leadership qualities. They devote their time, reputation, and job and carry entrepreneurship within large firms. In some cases, they start new firms on their own or with others.
Differences between Entrepreneurship and Intrapreneurship
The following are the major differences between entrepreneurship and intrapreneurship.
| Bases of difference | Entrepreneurship | Intrapreneurship |
|---|---|---|
| 1. Status | The status of an entrepreneur in the business is promoter or founder. | The status of an intrapreneur in the business is employee. |
| 2. Risk | An entrepreneur assumes the risk of the business. | An intrapreneur does not assume the risk of the business. |
| 3. Reward | The fundamental reward for an entrepreneur is profit. | The fundamental reward for an intrapreneur is salary with career development opportunity. |
| 4. Dependency | An entrepreneurship is independent in his operations. | An intrapreneur is dependent to the entrepreneur or owner. |
| 5. Raising of funds | An entrepreneur himself raises funds required for the enterprise. | Funds are not raised by an intrapreneur. |
| 6. Operation | An entrepreneur operates from out-side. | An intrapreneur operates from within the organization itself. |
