ENTREPRENEURSHIP

Detailed explanation-1: -An intrapreneur seeks to improve an existing company. Intrapreneurs and entrepreneurs have different objectives. An entrepreneur envisions creating a company from the ground up.

Detailed explanation-2: -Someone who improves an existing business can be called an intrapreneur.

Detailed explanation-3: -An intrapreneur is an employee who is given the authority and support to create a new product without having to be concerned about whether or not the product will actually become a source of revenue for the company.

Detailed explanation-4: -The term intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or other organization. Intrapreneurs are self-motivated, proactive, and action-oriented people who take the initiative to pursue an innovative product or service.

Detailed explanation-5: -An Intrapreneurship Example of Reaching Into New Markets Ken Kutaragi is the intrapreneur behind the launch of the first Sony’s PlayStation in December 1994 in Japan. It eventually became the first “computer entertainment platform” to ship over 100 million units, doing so in under a decade.