Entrepreneur vs Intraprenuer

Though the term intrapreneurship has been part of the business world for ages but still it baffles the minds of many. Questions keep on rising about how entrepreneurship relates to entrepreneurship and vice-versa. Both the terms are different but have common similarities and advantages. Let’s understand both terms on the basis of various parameters.rn1. On the basis of definition rnIntrapreneurship implies is the entrepreneurship within the existing organization, which uses entrepreneurial skills without incurring the risks associated with those activities. rnEntrepreneur is an individual who sets up a business and works diligently for the sole objective to earn profit.

2. On the basis of core objectivernThe core objective of intrapreneurship is to boost up competitive strength and market recognition of the company.rnEntrepreneurship’s main objective is to innovate and create something new of socio-economic value.

3. On the basis of activityrnIntrapreneurship is mainly direct participation which is much more than delegation of authority.rnEntrepreneurship means direct and total participation of the process, it is complete in every sense.rn4. On the basis of riskrnIntrapreneur bears moderate risk.rnEntrepreneurship involves all types of risk and whole-sole accountability lies on the entrepreneur.rn5. On the basis of status rnBeing an organizational employee, expects freedom in work.rnEntrepreneur is a free and sovereign person who does not bother about status. It is who has all the decision-making powers.rn6. On the basis of Failures and mistakesrnAn intrapreneur keeps all the risky projects secret until it reached to final plan due to high concern for mistakes and failure.rnAn entrepreneur recognizes and rectifies mistakes then and there to take new innovative efforts.rn7. On the basis of Decision rnAn intrapreneur cannot take decision alone. It has to be the collaborative efforts of the team. rnAn entrepreneur is the owner and command lies in his own hand so he can take independent decisions to execute dreams.rn8. On the basis of servicernAn intrapreneur serves the organization and intrapreneur himself.rnAn entrepreneur serves the customers and entrepreneur himself. rn9. On the basis of focus of attentionrnAn intrapreneur focusses mainly on the new technology trends and upcoming market changes.rnAn entrepreneur’s entire focus is on increasing sales, boosting up profits and sustaining competition.

10. On the basis of advantagesrnWorking within the existing framework provides many benefits to an intrapreneur- they are armed with all the resources they need, they have access to mentors, they can utilize funding from their existing organization.rnEntrepreneur have all the freedom to decide everything from work culture, schedule to even dress code for their business. They take more risks so they stand to gain most.rn11. On the basis of operation rnAn intrapreneur operates within the organization.rnAn entrepreneur operates from outside the organization. rnBoth the terms have many similarities too such as they both have strong leadership skills, have the ability to balance passion and innovation.