Answer to Question #218148 in English for Abee

Question

Describe the following terms entrepreneurship, intrapreneurship and team entrepreneurship. (15 mks)

Answer 1

Entreprenuership_ the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

Intrapreneurship _is a system which allows an employee to act like an entrepreneur within an organization.Intrapreneurs are self-motivated, proactive, and action-oriented people who have leadership skills and think outside the box.

Team An entrepreneurial team consists of two or more persons who have an interest, both financial and otherwise, in and commitment to a venture's future and success; whose work is interdependent in the pursuit of common goals and venture success; who are accountable to the entrepreneurial team and for the venture