Answer to Question #234541 in English for Lindo

Question

Complete the Double Bubble Map below with similaries and differences you have discovered regarding Entrepreneurship and Intrapreneurship. DIFFERENCES SIMILARITIES DIFFERENCES INTRAPRENEUR ENTREPRENEUR

Answer 1

DIFFERENCES

Meaning: An entrepreneur develops their own business with a new concept or idea that they've cultivated while An intrapreneur is an employee of a company who uses their entrepreneurial skills within the business to innovate in company processes, services, and products.

Objective: An entrepreneur's objective is to bring something new to the market while An intrapreneur is to directly enhance the sustainability and strength of the company that they work for.

Primary Motives: Entrepreneurship is all about Financial gain, independence, and innovation while intrapreneurship's motive is to bolster the revenues and profits of the company they work for by making substantial changes to the company and how they operate.

Risk: Every type of risk applies to the entrepreneur on the other hand most of the risk is taken on by the company in intrapreneurship. However, poor ideas and changes for the business may cause intrapreneurs to be fired.

Capital and Resources: In entrepreneurship, any resources and capital are raised entirely by the entrepreneur. Raising these funds usually involves seeking financing from angel investors and venture capital firms while in intrapreneurship All capital and resources that are needed for the project at hand are provided by the company.

SIMILARITIES

Leadership: If they wish to develop their idea into a successful product, business, or company change, both entrepreneurs and intrapreneurs must have strong and effective leadership qualities. In order to achieve any level of success as an entrepreneur or intrapreneur, both of these sorts of people must be able to inspire others to work toward the same goal. The unknown is a big part of establishing a concept or a business, whether you're an entrepreneur or an intrapreneur.

Adaptability: Adaptability is an important component of being a successful entrepreneur or intrapreneur. The life of an entrepreneur or intrapreneur is full of hurdles and roadblocks that can threaten to derail all of your business goals and ambitions, no matter how wonderful your idea is or how effective you are at managing a team. Even the finest initiatives run into issues, which is why entrepreneurs and intrapreneurs must be able to adapt.

Intelligence: The other major characteristic that entrepreneurs and intrapreneurs have in common is intelligence. In many circumstances, intelligence entails knowing what abilities and equipment are required to complete a task. If you want to achieve success with your major business aim, whether you are starting a new firm or changing the way your current company functions, you will almost likely need to be intelligent. Knowing what to expect from the larger market is one component of intelligence.