ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -intrapreneur, ˌɪntrəprəˈnəː/, noun – a manager within a company who promotes innovative product development and marketing.

Detailed explanation-2: -Innovative entrepreneurs are individuals who have the capability of creating and bringing innovative products to the market. Innovative entrepreneurship can help professionals develop ideas to successfully manage businesses. Understanding this concept can help you become a successful entrepreneur.

Detailed explanation-3: -An entrepreneur owns a company, while a manager is the company employee. An entrepreneur is a risk taker who takes financial risks for the enterprise. A manager does not take risks and tries to maintain the status quo of the enterprise.

Detailed explanation-4: -Joseph A. Schumpeter recognised person who introduces innovation changes is an entrepreneur. He treated entrepreneur as an integral part of economic growth.

Detailed explanation-5: -Corporate Entrepreneur: Corporate entrepreneur is a person . who demonstrates his innovative skill in organizing and managing corporate undertaking. A corporate undertaking is a form of business’ organization, which is registered under some statute or Act, which gives it a separate legal entity.