Photo AI
Explain the difference between an Entrepreneur and an Intrapreneur - Leaving Cert Business - Question 3 - 2020
Question 3
Explain the difference between an Entrepreneur and an Intrapreneur. An Entrepreneur is: An Intrapreneur is:
Worked Solution & Example Answer:Explain the difference between an Entrepreneur and an Intrapreneur - Leaving Cert Business - Question 3 - 2020
Step 1
An Entrepreneur is:
Answer
An entrepreneur is an individual who takes initiative, identifies a gap or opportunity in the market, and assumes the risk of starting a new business. Entrepreneurs are often known for their innovative thinking and willingness to take chances. A notable example is Brian Lee, who founded Freshly Chopped, a healthy food outlet, in 2012.
Step 2
An Intrapreneur is:
Answer
An intrapreneur operates within an existing business, leveraging its resources to create new products or services. They act like entrepreneurs but within the confines of an organization. For example, Art Fry, a scientist at 3M, conceptualized the idea for Post-it Notes as an intrapreneur.