Assignment # 2
ESTELA MARIE OCLARIT
NOEL G. RAMOGA
1. Differentiate Entrepreneurship, Intrapreneurship, Ultrapreneurship? Entrepreneurship talks about the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. When we Say Entrepreneurship this will also talks about a certain entrepreneurs who manage their own business in some reason. The most obvious example of entrepreneurship is the starting of new businesses. Entrepreneurship comes from the French verb 'Entreprendre' which means 'to undertake’. Difference between an entrepreneurship and an intrapreneurship: An entrepreneur takes substantial risk in being the owner and operator of a business with expectations of financial profit and other rewards that the business may generate. On the contrary, an intrapreneur is an individual employed by an organization for remuneration, which is based on the financial success of the unit he is responsible for. An Intrapreneurship or intrapreneur is someone who works within a company to develop an idea into a workable product. Like an entrepreneur, an intrapreneur is driven, motive, creative, and able to think outside of the box. He or she must be able to examine an idea, identify its merits, and work on developing the idea into something workable in the real world. Intrapreneurs learn from their experiences as they develop new projects and they take lessons from both successes and failures. Unlike entrepreneurs, intrapreneurs are far less exposed to the risk of failure. They have the substantial finances of the company back their efforts, and they can also take advantage of connections, experience, and skills available to the company. Ultrapreneur - is like also an intrapreneur in such a way that they are part of an existing org. large or small. Ultrapreneur is an enterprising or entrepreneurial fellow but his innovation...
Please join StudyMode to read the full document