Page 38 - DMGT310_ENTREPRENEURSHIP_AND_SMALL_BUSINESS_MANAGEMENT

Hitesh Jhanji, Lovely Professional University
Unit 3: Entrepreneur v/s Intrapreneur

Unit 3: Entrepreneur v/s Intrapreneur Notes

CONTENTS
Objectives

Introduction
3.1 Entrepreneurial Process
3.1.1 Identify an Opportunity

3.1.2 Establish a Vision
3.1.3 Persuade Others
3.1.4 Gather Resources

3.1.5 Create New Venture
3.1.6 Change/Adapt with Time
3.2 Intrapreneurship

3.2.1 Intrapreneuring: Definition
3.2.2 Characteristics of Intrapreneurs
3.2.3 Reasons for Promoting Intrapreneurs in Organisation
3.2.4 Intrapreneurs as Dreamers and Change Agents

3.3 Similarities and Economic Differences between Entrepreneur and Intrapreneur
3.3.1 Economic Differences
3.3.2 Corporate vs. Intrapreneurial Culture

3.4 Summary
3.5 Keywords
3.6 Review Questions

3.7 Further Readings

Objectives

After studying this unit, you will be able to:

Describe the entrepreneurial process
Explain the concept of intrapreneur
Explain the similarities and economic differences between entrepreneur and intrapreneur

Introduction

In the previous unit, we dealt with the various classifications and models of entrepreneurship
and also discussed about the problems faced by the entrepreneurs in India. This unit will help
you to understand the concepts of entrepreneur and intrapreneur. Intrapreneurship is the practice
of entrepreneurial skills and approaches by or within a company or at home. The notion of

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