ENTREPRENEURSHIP

Detailed explanation-1: -An intrapreneur is an employee of a large organisation, who has the authority of initiating creativity and innovation in the company’s products, services and projects, redesigning the processes, workflows and system with the objective of transforming them into a successful venture of the enterprise.

Detailed explanation-2: -Innovation refers to an individual or organization creating new ideas, such as new products, workplace processes and upgrades to existing services or products. In business, innovation can promote growth, help ensure the organization can compete with new market trends and help generate profit.

Detailed explanation-3: -An intrapreneur develops a new idea within the framework of an existing company. They are similar to an entrepreneur in their focus on innovation, but unlike an entrepreneur, they have access to their employer’s resources.