Entrepreneurship vs. Intrapreneurship: What's the Difference?
Edited by Huma Saeed || By Sawaira Riaz || Published on November 13, 2023
Entrepreneurship; The act of creating and managing a new business. Intrapreneurship; Innovating within an existing company as an employee.
Key Differences
Entrepreneurship encompasses the journey of starting and operating one's own business venture, while Intrapreneurship involves employees within a company acting like entrepreneurs to innovate and drive change.
Sawaira Riaz
Nov 13, 2023
Entrepreneurship often entails financial risk as the entrepreneur invests their own resources, while Intrapreneurship allows for innovation without personal financial risk, using the company's resources.
Sawaira Riaz
Nov 13, 2023
An entrepreneur, driven by Entrepreneurship, establishes the company's vision and direction from scratch. In contrast, an intrapreneur, guided by Intrapreneurship, works to innovate within the established boundaries and vision of a pre-existing company.
Sawaira Riaz
Nov 13, 2023
Entrepreneurship can lead to the establishment of an entirely new organization, brand, or system. Intrapreneurship, however, seeks to introduce innovations, processes, or products that can enhance or diversify an already existing company's offerings.
Aimie Carlson
Nov 13, 2023
While both Entrepreneurship and Intrapreneurship require a pioneering spirit and innovative thinking, Entrepreneurship operates in the external business environment, and Intrapreneurship operates within the internal confines of an organization.
Sara Rehman
Nov 13, 2023
ADVERTISEMENT
Comparison Chart
Financial Risk
Personal investment and risk
Uses company resources, no personal financial risk
Sawaira Riaz
Nov 13, 2023
Scope
Establishes company's direction from scratch
Innovates within an established company's direction
Sawaira Riaz
Nov 13, 2023
Outcome
Creation of a new organization or brand
Enhancements or diversifications for an existing company
Janet White
Nov 13, 2023
Operational Environment
External business landscape
Internal confines of an organization
Sawaira Riaz
Nov 13, 2023
ADVERTISEMENT
Entrepreneurship and Intrapreneurship Definitions
Entrepreneurship
The spirit of enterprise and innovation.
The city's growth was fueled by the rise of Entrepreneurship.
Sawaira Riaz
Oct 25, 2023
Intrapreneurship
Innovation within an existing company by an employee.
His Intrapreneurship led to the development of a groundbreaking product.
Sawaira Riaz
Oct 25, 2023
Entrepreneurship
A venture undertaken to innovate and earn profit.
Entrepreneurship has transformed the tech industry over the years.
Harlon Moss
Oct 25, 2023
Intrapreneurship
Entrepreneurial activities within an organizational setting.
Modern businesses value Intrapreneurship for staying competitive.
Sawaira Riaz
Oct 25, 2023
Entrepreneurship
The initiative to start and run a new business.
Steve's Entrepreneurship led him to open his own bakery.
Sawaira Riaz
Oct 25, 2023
ADVERTISEMENT
Intrapreneurship
Pursuit of new ventures or ideas within one's company.
Intrapreneurship often leads to the evolution of existing business models.
Janet White
Oct 25, 2023
Entrepreneurship
The act of developing and managing a business venture.
Many universities now offer courses in Entrepreneurship.
Aimie Carlson
Oct 25, 2023
Intrapreneurship
Employees taking lead to innovate and drive internal change.
With Intrapreneurship, she transformed the company's marketing strategy.
Sawaira Riaz
Oct 25, 2023
Entrepreneurship
Risk-taking in pursuit of business opportunities.
She ventured into Entrepreneurship despite the challenges ahead.
Sawaira Riaz
Oct 25, 2023
Intrapreneurship
The application of entrepreneurial skills within a firm.
Many corporations are promoting Intrapreneurship to foster innovation.
Janet White
Oct 25, 2023
Entrepreneurship
A person who organizes, operates, and assumes the risk for a business venture.
Sawaira Riaz
Oct 13, 2023
Intrapreneurship
The practice of applying entrepreneurial skills and approaches within an established company.
Sawaira Riaz
Oct 13, 2023
Entrepreneurship
The art or science of innovation and risk-taking for profit in business.
Sawaira Riaz
Oct 13, 2023
Entrepreneurship
The activity of organizing, managing, and assuming the risks of a business enterprise.
Sawaira Riaz
Oct 13, 2023
FAQs
How does Entrepreneurship differ from Intrapreneurship in terms of risk?
Entrepreneurship often involves personal financial risk, whereas Intrapreneurship leverages company resources without personal financial liability.
Sawaira Riaz
Nov 13, 2023
What are the benefits of Intrapreneurship for a company?
Intrapreneurship can lead to product diversification, increased competitiveness, and faster adaptation to market changes.
Harlon Moss
Nov 13, 2023
How do companies foster Intrapreneurship?
By promoting a culture of innovation, offering resources, and creating platforms for idea sharing.
Aimie Carlson
Nov 13, 2023
Are entrepreneurs always founders?
Not always. While many entrepreneurs start businesses, others might buy or take over existing ones.
Janet White
Nov 13, 2023
Can a company promote both Entrepreneurship and Intrapreneurship?
While a company directly promotes Intrapreneurship, it can support Entrepreneurship by incubating startups or encouraging entrepreneurial thinking.
Sawaira Riaz
Nov 13, 2023
Is Entrepreneurship limited to startups?
No, Entrepreneurship can span startups, small businesses, and large-scale ventures.
Sawaira Riaz
Nov 13, 2023
Is Entrepreneurship always about profit?
While many associate Entrepreneurship with profit, it can also be driven by social or environmental goals.
Harlon Moss
Nov 13, 2023
Can Intrapreneurship lead to the creation of a new company?
Yes, some successful intrapreneurial projects might spin off into separate entities or subsidiaries.
Janet White
Nov 13, 2023
How do companies benefit from Entrepreneurship?
Companies can acquire or collaborate with entrepreneurial ventures for new technologies, market access, and innovative strategies.
Sara Rehman
Nov 13, 2023
Can Intrapreneurship exist in any company department?
Yes, from R&D to marketing, any department can embody the spirit of Intrapreneurship.
Sawaira Riaz
Nov 13, 2023
Do intrapreneurs have ownership of their creations?
Typically, innovations made under Intrapreneurship belong to the company, not the individual intrapreneur.
Sawaira Riaz
Nov 13, 2023
Can one person embody both Entrepreneurship and Intrapreneurship?
Yes, someone can start their own venture (Entrepreneurship) and later innovate within a larger organization (Intrapreneurship).
Janet White
Nov 13, 2023
Why is Entrepreneurship important?
It drives innovation, creates jobs, contributes to economic growth, and addresses societal needs.
Sara Rehman
Nov 13, 2023
What skills are common to both Entrepreneurship and Intrapreneurship?
Innovation, problem-solving, risk-taking, and visionary thinking are vital for both.
Harlon Moss
Nov 13, 2023
Are all intrapreneurs future entrepreneurs?
Not necessarily, but the skills gained from Intrapreneurship can certainly aid in entrepreneurial endeavors.
Sawaira Riaz
Nov 13, 2023
Do all entrepreneurs need a business background?
No, many successful entrepreneurs come from diverse backgrounds but possess a passion and vision.
Janet White
Nov 13, 2023
How do Entrepreneurship and Intrapreneurship impact the economy?
Both drive innovation, job creation, and economic growth, but in different contexts.
Sawaira Riaz
Nov 13, 2023
Can Entrepreneurship be taught?
While certain entrepreneurial traits are innate, aspects like business management, strategy, and innovation can be taught.
Aimie Carlson
Nov 13, 2023
Which is more challenging, Entrepreneurship or Intrapreneurship?
Both have unique challenges. Entrepreneurs face market validation and financial risk, while intrapreneurs navigate corporate bureaucracy.
Harlon Moss
Nov 13, 2023
Is Intrapreneurship a new concept?
While the term is relatively modern, the concept of internal innovation in companies is age-old.
Sawaira Riaz
Nov 13, 2023
About Author
Written by
Sawaira RiazSawaira is a dedicated content editor at difference.wiki, where she meticulously refines articles to ensure clarity and accuracy. With a keen eye for detail, she upholds the site's commitment to delivering insightful and precise content.
Edited by
Huma SaeedHuma is a renowned researcher acclaimed for her innovative work in Difference Wiki. Her dedication has led to key breakthroughs, establishing her prominence in academia. Her contributions continually inspire and guide her field.
