Question 1

What is the Definition of Entrepreneurship?

Accepted Answer

Entrepreneurship is the implementation of innovative ideas for launching a new business that will benefit people and society or it can be defined as the process or ability to invent business or techniques for economic and social development. It could be an old business that is redesigned in a new way to increase output. The person who is involved in initiating and launching such beautiful creations is referred to as an entrepreneur.

Question 2

What is the Definition of Intrapreneurship?

Accepted Answer

Intrapreneurship is the involvement of an employee in the inventive activities for an organization and the risks associated with it. It includes trying to formulate something new that will increase the profit of an organization or business. In other words, Intrapreneurship is the entrepreneurial attitude of an employee who is permitted to take bold innovative steps for a business organization. The employee having these bold qualities is said to be an intrapreneur.

Question 3

What is the Difference Between Entrepreneurship and Intrapreneurship?

Accepted Answer

Entrepreneurship permits more flexibility and freedom, no barriers to organizational rules like a timeline to follow, no specific dress code, and it permits the adoption of any work pattern and culture while in Intrapreneurship, you have to follow the organizational boundaries, limits, and a certain timeline.

Question 4

What is the Difference and Similarity of Entrepreneurship and Intrapreneurship?

Accepted Answer

While Intrapreneurs are rewarded to leverage existing resources and networks within a company to launch transformative innovations and initiatives, An entrepreneur aims to increase their individual wealth and ownership by creating a new business.

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