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How is intrapreneurship different than entrepreneurship?
Entrepreneurship and intrapreneurship are often confused due to their similar focus on innovation and business development, but they differ significantly in context and execution. Intrapreneurship, or “corporate entrepreneurship,” means behaving like an entrepreneur while working within a large organization.
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How can I go from entrepreneur to intrapreneur?
Entrepreneurs build businesses based on their vision. Intrapreneurs operate within companies to achieve the company’s vision.
Entrepreneurs must be resilient in the face of market adversity. Intrapreneurs deal with internal obstacles and must be resilient when navigating established structures.
Entrepreneurs frequently find it difficult to obtain resources. Intrapreneurs have more readily available resources, but adhere to the scarcity principle.
Entrepreneurs take tremendous risks and may lose everything if they fail. Intrapreneurs have greater job stability, but must frequently persuade their organizations to take more risks.
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What is the difference between an entrepreneur and an intrapreneur?
- Entrepreneurs build businesses based on their vision. Intrapreneurs operate within organizations to achieve the company’s vision.
- Entrepreneurs must be resilient in the face of market adversity. Intrapreneurs deal with internal obstacles and must be resilient when navigating established structures.
- Entrepreneurs frequently find it difficult to obtain resources. Intrapreneurs have more readily available resources, but still adhere to the scarcity principle.
- Entrepreneurs take tremendous risks and may lose everything if they fail. Intrapreneurs have greater job stability, but must frequently persuade their organizations to take more risks.
- Overall, entrepreneurs and intrapreneurs are similar in their passion to create value for their stakeholders, courage to take risks, and resilience in the face of setbacks, consistently learning and adapting in the face of failure.