1.5.1 Role of an entrepreneur - Intraprenuership

Question 1

Intrapreneurs

Answer 1

Employees, usually in a larger business, who use entrepreneurial skills to find and develop initiatives, that will have financial benefits for their companies

Question 2

What do intrapreneurs do

Answer 2

-solve problems

• create new & exciting products
• drive innovation

Question 3

Unlike entrepreneurs, intrpraneurs do not carry…

who shoulders the financial burden?

Answer 3

intrapreneurs carry no financial risk if their initiatives fail

the employer shoulders the financial burden

Question 4

Some businesses encourage intrapreneurship and embed it into their culture T/F

An example of a business that does this

Answer 4

TRUE

Apple

Question 5

Advantages of intrapreneurship - 3

(117 blue book)

Answer 5

• Can drive innovation in a business - may help a business gain a competitive edge/increase their profits significantly
• A means of satisfying the self-actualisation need of employees(Maslow hierarchy of needs) - will help motivate employees which can raise productivity
• Job satisfaction for their employees - may improve productivity