ENTREPRENEURSHIP

Detailed explanation-1: -Most entrepreneurs are risk-takers by nature, or at minimum calculated visionaries with a clear plan of action to launch a new product or service to fill a gap in the industry.

Detailed explanation-2: -While an intrapreneurial project may present huge opportunities to the company at large, it might threaten the individuals inside the firm. For many employees, intrapreneurship means that current products or jobs might be eliminated, work practices changed, resources reallocated or processes modified.

Detailed explanation-3: -An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company. The intrapreneur may not face the outsized risks or reap the outsized rewards of an entrepreneur; however, the intrapreneur has access to the resources and capabilities of an established company.

Detailed explanation-4: -Generally speaking, entrepreneurs take risks as it allows them to distinguish themselves from their competitors. In the competitive business environment that exists today, those who are willing to position themselves as risk-takers position themselves as leaders as well, while others get left behind.