Discuss between Entrepreneurship and intrapreneurship?

The main difference between Entrepreneur and Intrapreneur is that

Intrapreneur is an employee, and an Entrepreneur is free and the leader of the
operation.
Intrapreneurship is the change initiatives taken within a going concern by the
people working in that organization.
Hisrich and Peters define. “Intrapreneurship is the entrepreneurship within an
existing organization”.
The definition implies that new initiatives, creativity, and dynamism that
augment organizational competence are intrapreneurship.
Skinner and Ivancevich observe, Intrapreneur is an entrepreneurial person
employed by a corporation anti encouraged to be innovative and creative’.
The expats suggest that intrapreneurship is such a thoughtful and creative
initiative taken by the person working in the organization that eventually
ensures organizational success, progress, competitive edge, and market
sustainability.
Therefore Intrapreneurs are usually found in enterprises that encourage
experimentation, tolerate failure, recognize success and share the wealth.
Thus, it bridges the gap between science and the marketplace.
Businesses today are facing hyper-competition. They need an Intrapreneurial
spirit to bridge the gap between the demand of the market and the
productive capacity of the organization.
Thus, organizations have to increase the creativity and innovation to sustain in
the competitive market successfully.
Therefore organizations use reward motivation, training, and development,
recognition, incentives, etc. to encourage incumbents to be innovative and
creative so that it may get competitive method, process, product and others to
win and sustain in the market.
Entrepreneurship is a dynamic process of creating incremental wealth It is the
process of creating something new of value by devoting necessary time and
effort bearing the accompanying financial, psychic and social risks and
receiving the resulting rewards of financial gums, personal satisfaction, and
independence.
It increases national wealth, creates job opportunities, and prospers human
civilization.
Schumpeter calls entrepreneurship as an innovating function that could have a
bearing on the welfare of an entrepreneur.
Intrapreneurship is the entrepreneurship within the organization undertaken
by the working people for making the organization competitive and
sustainable in the present market and open economy Entrepreneurship and
Intrapreneurship sound similar but they have got the difference in their
meaning and significance.
In this context, we can show the differences between these two concepts in
the following bifurcated manner;
Differences between Entrepreneurship and Intrapreneurship
Points of difference
Intrapreneurship
Entrepreneurship
Definition
Intrapreneurship is the entrepreneurship within an existing organization.
Entrepreneurship is the dynamic process of creating incremental wealth.
Core objective
To increase the competitive strength and market sustainability of the
organization.
To innovate something new of socio-economic value.
Primary motives
Enhance the rewarding capacity of the organization and autonomy.
Innovation, financial gain tad independence.
Activity
Direct participation, which is more than a delegation of authority.
Direct and total participation in the process of innovation. _
Risk
Hears moderate risk.
Bears all types of risk.
Status
Organizational employees expecting freedom at work.
The free and sovereign person doesn’t bother with status.
Failure and mistakes
Keep risky projects secret unless it is prepared due to high concern for failure
and mistakes.
Recognizes mistakes and failures to take new innovative efforts.
Decisions
Collaborative decisions to execute dreams.
Independent decisions to execute dreams.
Whom serves
Organization and intrapreneur himself.
Customers and entrepreneur himself.
Family heritage
May not have or a little professional post.
Professional or small business family heritage.
Relationship with others
Authority structure delineates the relation.
A basic relationship based on interaction and negotiation.
Time orientation
Self-imposed or organizationally stipulated time limits.
There is no time-bound.
The focus of attention
on Technology and market.
Increasing sales and sustaining competition.
Attitude towards destiny
Follows self-style beyond the given structure.
Adaptive self-style considering Structure as inhabitants.
Attitude towards destiny
Strong self-confidence and hope for achieving goals.
Strong commitment to self-initiated efforts and goals.
Operation
Operates from inside the organization.
Operates from outside the organization.