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Discriminate Between Intrapreneurship and Entrepreneurship - Assignment Example

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This paper presents the concepts of entrepreneurship which are considered to be the process of developing and uncovering an opportunity and creating value by seizing the opportunity through innovation, without any regards to the location of the intrapreneur or entrepreneur in existing or new company…
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Discriminate Between Intrapreneurship and Entrepreneurship
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Download file to see previous pages This discussion highlights that intrapreneurs act inside the organization, fighting for changing and renewing the system. They are considered to be the revolutionaries present with the systems of the company. This may even initiate some kind of conflict with the company and therefore factors such as respect must be used for channeling these conflicts and transforming them into some kind of positive aspect for the company. The resources of the company are used by the intrapreneurs for implementation of opportunities; however there are several objectives highlighting the fact why intrapreneurship is considered to be so difficult to be implemented within an existing company. From the report it is clear that both entrepreneurship and intrapreneurship involves defining and recognizing opportunities. Both of these concepts take into account unique business ideas which take the form of a product, service or process by the end. Entrepreneurship and intrapreneurship are driven by one or two individuals who then work with the team of people for bringing the concept into practical life. These concepts also require the balance between vision and management skills, reactiveness with patience and passion with pragmatism. Entrepreneurship as well as intrapreneurship involves concepts that are considered vulnerable in formative stages and therefore requires adaption with time. Both these concepts are known for entailing a window of opportunity for the firm within which the entrepreneur is successfully capitalizing upon. ...Download file to see next pagesRead More
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