Electrolux

Topics: Entrepreneurship, Entrepreneur, Joseph Schumpeter Pages: 3 (895 words) Published: April 11, 2013
Peter F. Drucker defines an entrepreneur as one who always searches for change, responds to it and exploits it as an opportunity. Innovation is the basic tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or service. Corporate entrepreneurs on the other hand, exhibit their skills and intelligence by promoting-corporation. A corporation for business organization is formed and registered under a statute, which gives it a separate legal entity. Corporate entrepreneurs, therefore, undertake their business activities under legally registered company or trust. The difference between a corporate entrepreneur and the entrepreneur are outlined below:

Distinguishing between Entrepreneur and Intrapreneur
| Entrepreneur| Corporate entrepreneur|
1| Entrepreneur is self-determining. | Intrapreneur is semi-independent| 2| Entrepreneur raises their funds on his own initiative.| Intrapreneur depends upon the industry in which he works for getting the finance| 3| Entrepreneur takes the profit of the business.| . Intrapreneur does not take profit out of innovations but he can be provided with a variety of perquisite for their innovation| 4| Entrepreneur bears the full risk of his business.| Intrapreneur bears the risk of the business which is a small part of the entire business| 5| Entrepreneur is the real owner of the business| Intrapreneur is not the real owner of the business, rather he works for the business| 6| Entrepreneur operates from outside an organization| Intrapreneur operates from within the organization| 7| Entrepreneur converts the ideas of intrapreneur into viable opportunities| Intrapreneur takes the responsibility of creating innovation of any kind from within the organization.| | | |

Entrepreneurship vs Entrepreneurship• Entrepreneurs can be found anywhere whereas intrapreneurs are found, rather encouraged within the confines of an organization• While...
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