What Is Intrapreneurship? How Different Is It From Entrepreneurship?

sunandaC

Sunanda K. Chavan
Well, it is true that turning into an entrepreneur could be one of the most satisfying things for any person but have you ever thought that if everyone were to turn entrepreneur, who would work for others? For every firm that has been a sterling success, there has been some entrepreneur and then there have been people who actually made real the planning of the entrepreneur or made some innovations of their own. Yes, we are talking about the intrapreneurs.

Intrapreneurs could be understood as entrepreneurs that work within a big corporation. The term intrapreneur was first time used by Gifford and Elizabeth Pinchot. They developed a model in which a person who wants to develop an intrapreneurial project would risk something like his salary and then would sell the completed project for cash bonus or capital which could be used to develop further projects. They met with enough initial success to start a school for intrapreneurs and came out with their first book Intrapreneuring in 1985. Pinchot and Company still specialize in training people for entrepreneurship.

Intrapreneuring is all about innovation. All the organizations need intrapreneurs to function well and if you thought that only entrepreneurs can make good money, think again. Intrapreneurs are making lots of money in big corporations. You can actually get very rich by turning intrapreneur for some big corporation. There is no limit to how far you can go as an intrapreneur. It all depends on your particular skill set and how hard you work for the things you want.

When it comes to skill sets an intrapreneur needs skill sets that are in no way less than what an entrepreneur needs. So, an intrapreneur would surely need to have leadership qualities. Intrapreneurs would have to have innovative qualities as well as creativity. It is true that not all are born with all these qualities. But anyone can actually learn these qualities, if one is willing to work for it. There are a number of training facilities that could teach you all these qualities.

There are number of Executive Training Programs that lets you develop intrapreneurship qualities. These Executive Education programs teach you a lot about how to function within a corporation and how to get across bureaucratic systems that are inevitable in most of the bigger corporations. Executive Training programs are meant to let you learn about best business practices and planning and also about developing an intelligent organization which could work for the benefit of the corporation as a whole.

Now, what are the reasons why a person would think of turning into an intrapreneur rather than an entrepreneur? Well, the very first reason would the freedom that it gives you. After all when you turn into an intrapreneur, you have a limited liability where the performance of the corporation is concerned. The another benefit that one gets out of turning intrapreneur is that one actually enjoys all the benefits that one has when one turns entrepreneur sans the liabilities that it is accompanied with.

So, if you are thinking of making something out of your life, turning into an intrapreneur is one of the best options in front of you. But yes, you would have to prepare yourself for the responsibilities that you would have to bear.
 
Well, it is true that turning into an entrepreneur could be one of the most satisfying things for any person but have you ever thought that if everyone were to turn entrepreneur, who would work for others? For every firm that has been a sterling success, there has been some entrepreneur and then there have been people who actually made real the planning of the entrepreneur or made some innovations of their own. Yes, we are talking about the intrapreneurs.

Intrapreneurs could be understood as entrepreneurs that work within a big corporation. The term intrapreneur was first time used by Gifford and Elizabeth Pinchot. They developed a model in which a person who wants to develop an intrapreneurial project would risk something like his salary and then would sell the completed project for cash bonus or capital which could be used to develop further projects. They met with enough initial success to start a school for intrapreneurs and came out with their first book Intrapreneuring in 1985. Pinchot and Company still specialize in training people for entrepreneurship.

Intrapreneuring is all about innovation. All the organizations need intrapreneurs to function well and if you thought that only entrepreneurs can make good money, think again. Intrapreneurs are making lots of money in big corporations. You can actually get very rich by turning intrapreneur for some big corporation. There is no limit to how far you can go as an intrapreneur. It all depends on your particular skill set and how hard you work for the things you want.

When it comes to skill sets an intrapreneur needs skill sets that are in no way less than what an entrepreneur needs. So, an intrapreneur would surely need to have leadership qualities. Intrapreneurs would have to have innovative qualities as well as creativity. It is true that not all are born with all these qualities. But anyone can actually learn these qualities, if one is willing to work for it. There are a number of training facilities that could teach you all these qualities.

There are number of Executive Training Programs that lets you develop intrapreneurship qualities. These Executive Education programs teach you a lot about how to function within a corporation and how to get across bureaucratic systems that are inevitable in most of the bigger corporations. Executive Training programs are meant to let you learn about best business practices and planning and also about developing an intelligent organization which could work for the benefit of the corporation as a whole.

Now, what are the reasons why a person would think of turning into an intrapreneur rather than an entrepreneur? Well, the very first reason would the freedom that it gives you. After all when you turn into an intrapreneur, you have a limited liability where the performance of the corporation is concerned. The another benefit that one gets out of turning intrapreneur is that one actually enjoys all the benefits that one has when one turns entrepreneur sans the liabilities that it is accompanied with.

So, if you are thinking of making something out of your life, turning into an intrapreneur is one of the best options in front of you. But yes, you would have to prepare yourself for the responsibilities that you would have to bear.

Hey Sunanda,

Here i am sharing Study Paper on Intrapreneurship Vs Entrepreneurship. Please download and check it. :)
 

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