INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Intrapreneurs start non-profit organizations while entrepreneurs start profit-seeking business
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Intrapreneurs work within existing corporations while entrepreneurs assume the risks of starting their own business
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Intrapreneurs are practical while entrepreneurs are creative
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Intrapreneurs limit their efforts to financial investments, while entrepreneurs are involved in all areas of business activity
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Detailed explanation-1: -The Difference Between an Entrepreneur and an Intrapreneur intrapreneur is that an entrepreneur starts their own company, whereas an intrapreneur works at a company that someone else founded. An entrepreneur develops a concept for a new business, which may include marketing products and services (or occasionally both).
Detailed explanation-2: -An entrepreneur takes a new business idea and starts a company to bring that idea to market. An intrapreneur is an employee who channels that same creativity and innovation to develop new products and services-and sometimes even markets-for an employer.
Detailed explanation-3: -An entrepreneur is someone who locates the need of society and tries to meet the same, with his/her innovative idea. On the other hand, ‘entrepreneurship’ which refers to the process of establishing a business entity, intending to get profit, as a return in the future.
Detailed explanation-4: -Entrepreneur refers to a person who set up his own business with a new idea or concept. Intrapreneur refers to an employee of the organization who is in charge of undertaking innovations in product, service, process etc.