Intrapreneurship is the same concept of Entrepreneurship with a main difference that Intrapreneurship is practiced within established organizations. From both definitions above, we can note that Entrepreneurs are opportunity driven. Opportunity comes from changes in the environment, and one characteristic of Entrepreneurs is that they are good at seeing patterns of change. It is also evident that Entrepreneurs are not resource driven. For those who confuse an entrepreneur with a manger they are completely opposite: a manager achieves a goal given an amount of resources; the Entrepreneur asks for resources to achieve a goal!
Intrapreneur is a person who focuses on innovation and creativity and who transforms an idea into a profitable venture, by operating within the organizational environment. Intrapreneurs, by definition, embody the same characteristics as the Entrepreneur, conviction, passion, and drive. If the company is supportive, the Intrapreneur succeeds. When the organization is not, the Intrapreneur usually fails or leaves to start a new company. An Intrapreneur thinks like an entrepreneur seeking out opportunities, which benefit the corporation. It was a new way of thinking, in making companies more productive and profitable.
There are, of course, a few things that are different between Intrapreneurship and Entrepreneurship. For starters, the Intrapreneur acts within the confines of an existing organization. The dictates of most organizations would be that the Intrapreneur should ask for permission before attempting to create a desired future practice, the Intrapreneur is more inclined to act first and ask for forgiveness than to ask for permission before acting. One advantage of Intrapreneurship over Entrepreneurship is that Intrapreneurs typically finds a ready source of “free” resources within the organization which can be applied to the opportunity being exploited.
Today’s world is changing very fast that organizations are finding it hard to keep pace and compete, therefore they are looking towards their Intrapreneurs to take increase their competition by creating new businesses, and entering new markets. Conceptualizing entrepreneurial employee behavior
Entrepreneur is a term applied to a person who is willing to launch a new venture or enterprise and accept full responsibility for the outcome.
The entrepreneur leads his company and shows leadership potentials by selecting managerial staff, the company strategy… Management skills and the right choice of staff are essential for the success of an entrepreneur. Beside that an entrepreneur become a leader because they see available opportunities and stays well-positioned to take advantage of them. An entrepreneur may perceive that they are among the few to recognize or be able to solve a problem. Joseph Schumpeter saw the entrepreneur as innovators and popularized the uses of the phrase creative destruction to describe his view of the role of entrepreneurs in changing business norms. Creative destruction encompasses changes entrepreneurial activity makes every time a new process,
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