Friday, September 7, 2018

As both entrepreneur and intrapreneur share similar qualities like conviction, creativity, zeal and insight, the two are used interchangeably. However, the two are different, as an entrepreneur is a person who takes a considerable amount of risk to own and operate the business, with an aim of earning returns and rewards, from that business. He is the most important person who envisions new opportunities, products, techniques and business lines and coordinates all the activities to make them real.
On the contrary, an intrapreneur is an employee of the organization who is paid remuneration according to the success of the business unit, for which he/she is hired or responsible.
The primary difference between an entrepreneur and intrapreneur is that the former refers to a person who starts his own business with a new idea or concept, the latter represents an employee who promotes innovation within the limits of the organization. In this article excerpt, we are providing you wit some other important points of distinction between the two.

BASIS FOR COMPARISONENTREPRENEURINTRAPRENEUR
MeaningEntrepreneur refers to a person who set up his own business with a new idea or concept.Intrapreneur refers to an employee of the organization who is in charge of undertaking innovations in product, service, process etc.
ApproachIntuitiveRestorative
ResourcesUses own resources.Use resources provided by the company.
CapitalRaised by him.Financed by the company.
EnterpriseNewly establishedAn existing one
DependencyIndependentDependent
RiskBorne by the entrepreneur himself.Taken by the company.
Works forCreating a leading position in the market.Change and renew the existing organizational system and culture.

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