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Entrepreneur vs

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Questions and Answers

What is the main difference between entrepreneurs and intrapreneurs in terms of ownership and control?

Entrepreneurs have full ownership and control over their ventures, while intrapreneurs work under the authority of the organization's management.

What is intrapreneurship?

Intrapreneurship involves employees identifying and pursuing new business opportunities, developing and implementing innovative projects or initiatives, and taking calculated risks to drive organizational growth and competitiveness.

What is the difference between internal innovation and intrapreneurship?

Internal innovation fosters a culture of innovation within the organization, while intrapreneurship refers to employees who exhibit entrepreneurial traits and behaviors. (correct)
Internal innovation involves developing new products, services, or processes, while intrapreneurship involves creating separate business units within the organization.
Internal innovation is driven by external entities, while intrapreneurship is driven by employees within the organization.
Internal innovation focuses on improving existing offerings, while intrapreneurship explores new markets or customer segments.

What are the characteristics of intrapreneurs?

Intrapreneurs often operate with a high degree of autonomy, and they are encouraged to challenge the status quo, think critically, and come up with solutions to problems or opportunities that the organization may face. Signup and view all the answers

What types of risks do entrepreneurs typically bear in their business ventures?

Entrepreneurs typically bear financial risks, market risks, and operational risks. Signup and view all the answers

What is the main goal of corporate venturing?

To pursue entrepreneurial activities in new or emerging markets (A) Signup and view all the answers

What is the main difference between the focus and scope of entrepreneurs and intrapreneurs?

Entrepreneurs are focused on building and growing their own businesses with a broader scope, while intrapreneurs are focused on driving innovation and growth within the existing organization with a narrower scope. Signup and view all the answers

How does intrapreneurship drive organizational growth and competitiveness?

Intrapreneurship drives organizational growth and competitiveness by identifying and pursuing new business opportunities, developing and implementing innovative projects or initiatives, and taking calculated risks. Signup and view all the answers

What is the benefit of forming strategic partnerships or collaborations for corporate entrepreneurship?

To access new technologies, markets, or expertise (D) Signup and view all the answers

What is the main advantage of intrapreneurship over entrepreneurship in terms of resources?

Intrapreneurs have access to resources such as funding, infrastructure, and support systems provided by the established organization, which can help share the risks associated with their initiatives. Signup and view all the answers

What is the main difference between the organizational context of entrepreneurs and intrapreneurs?

Entrepreneurs operate in a startup or small business context, while intrapreneurs operate within an established organization. Signup and view all the answers

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