The Entrepreneur and the Intrapreneur

       Entrepreneur and intrapreneur may sound alike but they are two different words with different meanings. They may be related to each other but still they have their nuances. Below are explanations about entrepreneur and intrapreneur.
           Entrepreneur by definition is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. On the other hand, intrapreneur is a manager who focuses on innovation and creativity; who brainstorms, dreams and puts ideas into profitable venture by operating within the organizational environment. He is a tool for capitalizing the entrepreneurial spirit of employees in the organization. He gives managers the freedom to try new ideas by employing firm’s resources in a unique way. The major difference being an entrepreneur is he risks his own money where as an intrapreneur works with his employer’s money. Therefore, the risk level of an intrapreneur is considerably reduced. Secondly, the desire for independence and material success is not as strong in case of intrapreneurs. The following characteristics are the characteristics that an intrapreneur possesses.
1. Vision. An intrapreneur has the ability to visualize from idea to implementation.
2. Motivation. Intrapreneur is generally self motivated, but expect corporation reward and recognition. 
3. Orientation. Intrapreneur is achievement-oriented.
4. Risk Appetite. Intrapreneurs are moderate risk takers since risk acceptance depends on their skills.
5. Locus of status. Intrapreneurs want to do the work on their own rather than delegate like managers
6. Failure and Mistakes. Intrapreneur hide risky projects and ideas to ensure learning without political cost and public failure.
7. Goal set up. Intrapreneur are determined to do things not even asked for. They set goals and quality standards.
        Upon knowing the major characteristics of intrapreneur, it is now easy to know the major differences between entrepreneurs and intrapreneur. Their key differences are summarized in the table below.

Entrepreneurs
Intrapreneurs
Definition
an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture 
is a manager who focuses on innovation and creativity; who brainstorms, dreams and puts ideas into profitable venture by operating within the organizational environment. 
Nature
Intuitive
Restorative
Resources
Uses his own resources
Use resources that are provided to him
Capital
Raised by him.
Provided by the company
Enterprise
Works in a newly established company
Works in an existing organization
Decisions
Independent
Dependent
Approach to risks
Can bear any risk
Cannot bear all of risks
Works to
Enter he market and establish his business
Innovate, bring creativity and productivity
Operation
Outside the company
Inside the company

         In conclusion, entrepreneurs are the ones who ignite the spark. On the other hand, intrapreneur are the ones who keeps the flame burning. What makes them alike are the passion that are blistering within their hearts. They both want success and in order to get that, they will do they best and sacrifice everything.

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