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Intrapreneurship Definition This presentation is about the difference between entrepreneurship and

intrapreneurship. It has been written by Russell Bowyer. In this article, I will be looking at the following subjects:

Entrepreneurship Intrapreneurship Difference no. 1. Ownership of a business Difference no. 2. Financial loss Difference no. 3. Financial gain Difference no. 4. Dependency Difference no. 5. Fund raising and capital Difference no. 6. Resources Difference no. 7. The ultimate say Infographic on the difference between entrepreneurship and intrapreneurship Examples of successful entrepreneurship Examples of successful intrapreneurship

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i. In the Oxford Dictionary, entrepreneurship is defined as ‘The activity of setting up a business or businesses, taking on financial risks in the hope of profit.’

ii. Traditionally entrepreneurship has been defined as the process of designing, launching and running a new business.

iii. An entrepreneur is a person who is typically more comfortable with taking risk.iv. The level of risk that an entrepreneur takes is very much dependent on the

individualv. An entrepreneur is the person who brings the product or service into reality

To Read The Full Text – Entrepreneur

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i. Wikipedia’s definition of Intrapreneurship is ‘The act of behaving like an entrepreneur while working within a large organisation.

ii. Effectively, an intrapreneur is nothing but an entrepreneur within the boundaries of an organisation.

iii. Intrapreneurship is where an individual integrates risk-taking within his corporate management approach.

iv. Gifford Pinchot III’s first book in 1985 was called ‘Intrapreneuring: Why You Don’t Have to Leave the Corporation to Become an Entrepreneur’

v. The American Heritage Dictionary acknowledged the term to mean: ‘A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.’

To Read The Full Text – Intrapreneurship

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So what is the difference between entrepreneurship and

intrapreneurship?

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i. The most obvious difference between an entrepreneur and an intrapreneur is ownership.ii. An entrepreneur is an individual that starts up a business and is the owner…Whereas, an

intrapreneur is an employee of the company and does not have any ownership.iii. Ownership of a company gives the entrepreneur the ultimate control over what the business

does.iv. The intrapreneur may take ‘risks’ within the corporation where he works.v. However, the final risk comes down to the responsibility of the business owner.

To Read The Full Text – Difference no. 1. Ownership of a business

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i. The ultimate sacrifice made by an entrepreneur is one of potential financial loss.ii. Many times the entrepreneur will use his own money for his startup business.iii. An intrapreneur will not usually be in a position to raise funds for the organisation.iv. Entrepreneurs have been known to lose everything…Whereas, if a company fails,

the intrapreneur can just walk away, so bear no risk at all.v. Secondly, where a company collapses and goes into liquidation, the entrepreneur

could lose everything.vi. If the business makes a loss, and runs out of cash, the entrepreneur is the one who

has to make up the difference…this is not the case for intrapreneurs.

To Read The Full Text – Difference no. 2. Financial loss

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i. On the converse of financial loss, the entrepreneur is the one who will reap the rewards of success.

ii. This financial gain is two-fold. Firstly, where the company makes a profit, the entrepreneur will be able to reward himself with profits in the way of dividends. Secondly, the entrepreneur stands to gain the most on the sale of the business.

iii. It’s possible that due to the nature of an intrapreneur, they may have arranged a ‘profit share’ for themselves.

iv. Intrapreneurs will not usually gain from the sale of the business in the same way, except where they have an agreement in place with the business owner to take a share of the proceeds at the point of sale.

To Read The Full Text – Difference no. 3. Financial gain

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i. Intrapreneurs are dependent on entrepreneurs in the first place to start the business.

ii. Without entrepreneurs there would be no intrapreneurs to flourish.iii. The initial spark or original genius is provided by the entrepreneur.iv. Good entrepreneur leadership will lead to having intrapreneurs within

their businesses.v. There’s the risk of losing a key employee who acts as an intrapreneur,

making it extremely difficult to replace that individual.vi. Entrepreneurs duty is to encourage intrapreneurship, and to support and

look after intrapreneurs within the business.

To Read The Full Text – Difference no. 4. Dependency

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i. Effectively the resources used by an entrepreneur are provided by him. Entrepreneurs have to be extremely resourceful.

ii. Whilst intrapreneurs are resourceful, they are not required to provide the resources need by the company.

iii. Different companies and different business types required specific resources, but at no time is an intrapreneur expected to put their hands in their pockets for the business.

To Read The Full Text – Difference no. 6. Resources

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i. The butt stops with the entrepreneur.ii. An entrepreneur always also has the final say in what happens within a

business.iii. Although intrapreneurs have a high level of autonomy and creativity, they

are under the ultimate control and guidance of the entrepreneur.iv. Many entrepreneurs live and die by their sword, many of whom will put

their last dime to keep a business afloat.v. There’s no decision that an entrepreneur can’t take within an organisation

that requires approval…whereas intrapreneurs are given certain boundaries to work with.

To Read The Full Text – Difference no. 7. The ultimate say

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Sir Richard Branson – The Virgin GroupBranson became an entrepreneur at an early age, starting his first venture at the age of just sixteen. His first business was a magazine called Student. His first business led to a mail-order record business. The rest is history, as they say. His net worth at the time of writing this article is over $5 billion.

To Read The Full Text – Examples of successful entrepreneurship

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Tej Lalvani – Entrepreneur and Dragons Den Multi-MillionaireTej Lalvani, a successful entrepreneur, is the CEO of the UK’s largest by sales vitamin company Vitabiotics, and will be working along-side Dragons Den Touker Suleyman too.With a yearly turnover of more than £300 million, Vitabiotics stands strong as the largest company in the manufacturing of vitamins in UK.

To Read The Full Text – Examples of successful entrepreneurship

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Google - A more recent innovation by intrapreneur Paul Buchheit who created Gmail. Gmail revolutionised email at the time when Google introduced 1GB storage.This allowed users to keep their emails rather than having to delete them to keep within their smaller storage limit.

To Read The Full Text – Examples of successful intrapreneurship

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Indra Krishnamurthy Nooyi - An American business executive and is the current Chairperson and Chief Executive Officer of PepsiCo. Intrapreneur Indra Nooyi was originally born in India. She moved to America in 1978 at which time she was admitted to Yale School of Management.

To Read The Full Text – Examples of successful intrapreneurship

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To Read Russell’s Business Blog With Topics

Intrapreneurship DefinitionAdvantages and Disadvantages of Offshoring

About Russell Bowyer & How Whilst fighting For His Life From Cancer, he Began to Write Again

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