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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Entrepreneurship
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Intrapreneurship
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Act of stating a new venture
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Offering new products by an existing company
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Detailed explanation-1: -Answer: The correct answer is B. Intrapreneurship. Corporate venture can also be alternatively called as intrapreneurship.
Detailed explanation-2: -Corporate Venture Capital is known as Corporate Venturing. It is the process where startup companies (external) receive corporate funds. Here the investing companies are very large companies whereas the companies which receive funds are innovative and small firms.
Detailed explanation-3: -Intrapreneurship, or corporate entrepreneurship, involves different practices within a business which are meant to improve its capacity for innovation and response.
Detailed explanation-4: -Corporate entrepreneurship also plays an integral role in motivating entrepreneurs. How? It helps them to make wise business decisions, implement necessary actions, and lead the company to achieve its targets.
Detailed explanation-5: -Corporate venturing capital (CVC) When corporations use direct equity investments to target startups of strategic interest. Mergers & acquisitions (M&A) Corporate accelerators. Corporate incubators. Venture development studios. Strategic partnerships. Hackathons. Acqui-hires. More items