Differences between Entrepreneur and Intrapreneur

Differences between Entrepreneur and Intrapreneur Basis Entrepreneur Intrapreneur Thinking Entrepreneur is a free thinker Intrapreneur is forced to think independently but within scope of business activities undertaken in the enterprise. Dependency Entrepreneur is an independent person Intrapreneur is dependent on the entrepreneur. He is an employee. Fund Mobilization Entrepreneur has to mobilize funds to finance the venture. Intrapreneur does not engage in fund mobilization. But can access funds mobilized by the entrepreneur. 12th Commerce Unit - - . . AM Basis of difference Entrepreneur Manager Motive The very motive of an entrepreneur is to start a venture by setting of an entity. The very motive of manager is to render service in an entity setup for execution of venture. Status Entrepreneur is owner of the entity Manager is a salaried employee in the entity set up for carrying on the venture. Risk Bearing Entrepreneur bears the eventual risk and uncertainty in operating the enterprise Manager doesn’t bear any risk in the venture where the venture is unsuccessful he/she simply quits the enterprise. Rewards Entrepreneur is rewarded by profit for the risk bearing exercise. The reward for entrepreneur is totally uncertain. Manager’s reward salary, bonus, allowance is certain and regular. Skills An entrepreneur requires creative talent, intuition and urge for innovation. Manager requires conceptual skills and human relations skills. Reward Entrepreneur is rewarded by profit for the risk bearing exercise. Intrapreneur does not share in profits of venture. But gets perquisites, salary, incentives etc., for the service. Risk Bearing Entrepreneur bears the risk involved in the venture undertaken. Intrapreneur does not bear any risk in the venture and does not even share the risk inherent in the project or work assigned. However Intrapreneur is accountable for the task or project assigned. Status Entrepreneur is owner, and doesn’t report to anybody in the venture. Intrapreneur is a salaried employee. Intrapreneur works within control put in place in the organization and is made accountable for the activities undertaken. Operation Entrepreneur operates mostly outside the enterprise. Intrapreneur operates within the enterprise.