Entrepreneurship And Intrapreneurship

Question 1

What is Intrapreneurship also known as?

Answer 1

Corporate Entrepreneurship

Question 2

Two differences between entrep and intrap

Answer 2

1. Entreps sign up for a wid possibility of outcomes ranging from big wins to big losses. While Intraps make a conscious decision to receive a set paycheck to avoid risk and miss out on big profits
2. Entrepreneurs have the luxury of building a company’s culture from scratch while intrapreneurs often fight against a long history of many deeply held and widely shared beliefs and practices

Entr

Question 3

Name the types of entrepreneurship?

Answer 3

Survival, lifestyle, dynamic growth, speculative

Question 4

What is survival entrepreneurship?

Answer 4

Focused on generating a small profit or just enough to continue operation ms and provide for personal maintenance

Question 5

What is lifestyle entrepreneurship?

Answer 5

This is based on the entrepreneur building a business to provide the freedom and independence desired. Eg artists

Question 6

What is dynamic growth entrepreneurship?

Answer 6

The business is intended to generate a significant amount of sales and rapid growth

Question 7

What is speculative entrepreneurship?

Answer 7

This is the use of design fiction to imagine businesses in order to discover what could be, creating things that are not possible, but possible.

Question 8

What is innovation?

Answer 8

The process of translating an idea or invention into good or service that creates value for which customers will pay

Question 9

What is Intrapreneurship?

Answer 9

This is a risk taking process within an existing organization in which an enterprise is based on research, innovation, development and technology is established and managed by entreprenuers