Entrepreneur & Intrapreneur

Entrepreneur
Originator of a business Venture. He takes a role of an organizer in the process of

production. French word Entreprendre to undertake Richard Cantillon 1st economist who introduced Entrepreneur referring to risk taking function of establishing a new venture.

Definition
An Entrepreneur is a person who sets up business

deals in order to make profit. -Collins Cobuild English Language dictionery

Entrepreneur is one who assumes risks and

management of business.

-Webster.

Characteristics
DOER not DREAMER. 1. 2. 3. 4. 5.

6.
7. 8. 9.

Hard work Shrewdness ability and sincerity Precedence: ability to work out the details from all angels, pitfalls and measures to overcome them. Achievement motivation Self-reliance and Independence. Highly Optimistic Keen foresight Planning and organising ability Innovativeness

Cont.
Risk Taking Secrecy Maintenance Maintenance of Public relations

Communication & Negotiation Skills

Intrapreneur
Intrapreneurship is corporate enterpreneurship,

whereby an organization seeks to expand by exploring new opportunities through new combinations of its existing resources. It is a tool for stimulating and capitalizing on individuals in an organization who believes that something can be done differently and in a better way.

Difference
Entrepreneur 1) Independent 2) Need not be highly educated 3) Fund raising 4) Risk bearing 5) Routine work 6) Operation from outside. 7)Strong authoritarian Intrapreneur 1) Dependent 2) Highly educated 3) No fund raising 4) No risk bearing 5) Specialist 6) Operation from inside. 7) Less authoritarian