🔵 Watch the video so you know what it is the main DIFFERENCE BETWEEN ENTREPRENEUR AND INTRAPRENEUR. Discover in just 11 minutes 15 dif...
🔵 Watch the video so you know what it is the main DIFFERENCE BETWEEN ENTREPRENEUR AND INTRAPRENEUR. Discover in just 11 minutes 15 difference between entrepreneurship and intrapreneurship.
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When planning your future in terms of personal development, it is interesting to know the differences BETWEEN ENTREPRENEURSHIP AND INTRAPRENEURSHIP, especially when it is someone who likes to undertake for himself or wants to give his best in the company where he works.
Each field has its well-marked differences, as well as its advantages AND disadvantages, AND here we show you a small description of the differences BETWEEN the two.
Next, we will describe 15 differences BETWEEN ENTREPRENEURSHIP AND INTRAPRENEURSHIP, trying to cover all angles AND perspectives for both personal development fields.
The main DIFFERENCE BETWEEN ENTREPRENEUR AND INTRAPRENEUR is that the INTRAPRENEUR is an employee, AND an ENTREPRENEUR is free AND the leader of the operation.
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As the great Robert Kiyosaki mentions, one of the important characteristics for the ENTREPRENEUR is: Talk less and do more.
In other words, the ENTREPRENEUR must take action immediately and be aware.
Many 'experts' say: "ENTREPRENEURS fail because they are UNDERCAPITALIZED."
This fear of being "UNDERCAPITALIZED", this lack of money and the absence of a stable salary, is what makes most people cling to job security as employees. But that is not why ENTREPRENEURS fail.
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INTRAPRENEURSHIP is the modification initiatives taken within a company by people operating in that organization.
Hisrich and Peters define: "INTRAPRENEURSHIP is ENTREPRENEURSHIP within an existing company".
The meaning indicates that the new initiatives, imagination, and dynamism that increase organizational skills are intra-business.
Skinner and Ivancevich observe that INTRAPRENEUR is an ENTERPRISE person employed by a corporation motivated to be innovative and creative.
Expats suggest that INTRAPRENEURSHIP is such a thoughtful and imaginative effort made by the person who operates in the organization that ultimately guarantees organizational success, development, competitive advantage and market sustainability.
Therefore, INTRAPRENEURS are generally discovered in businesses that motivate experimentation, tolerate failure, recognize success and share the wealth.
Therefore, close the space BETWEEN science AND the market.
Today's companies deal with hyper competence. They need an INTRA-ENTREPRENEURY spirit to close the gap BETWEEN market demand and efficient organization capacity.
For that reason, companies must increase their imagination and innovation to remain in the competitive market effectively.
Therefore, companies use profit motivation, training, and advancement, recognition, incentives, etc. to motivate headlines to be resourceful and creative so that they can obtain techniques, procedures, products and other competitive ways to win and remain in the market.
ENTREPRENEURSHIP is a dynamic procedure to create incremental wealth.
It is the procedure of producing something new of value by devoting the essential time and effort to support the financial, psychological and social dangers that accompany it and obtain the benefits derived from financial gums, complete individual satisfaction and independence.
It increases wealth nationwide, creates employment opportunities and thrives human civilization.
Schumpeter calls ENTREPRENEURSHIP as an ingenious function that could improve the well-being of an ENTREPRENEUR.
INTRAPRENEURSHIP is ENTREPRENEURSHIP within the company carried out by workers to make the organization competitive and sustainable in today's market and in the free economy.
In this context, we can reveal the differences BETWEEN these 2 ideas in the following bifurcated method:
Differences BETWEEN ENTREPRENEURSHIP AND INTRAPRENEURSHIP:
Number 1: DEFINITION:
The definition of INTRAPRENEURSHIP is ENTREPRENEURSHIP within an existing company.
Instead, ENTREPRENEURSHIP is the vibrant process of developing incremental wealth.
Number 2: MAIN OBJECTIVE:
The main objective of INTRAPRENEURSHIP is to increase the competitive strength and sustainability of the organization's market.
The main objective of the ENTREPRENEUR is to: Innovate something new of socioeconomic value.
Number 3: PRIMARY REASONS:
The main reason for INTRAPRENEURSHIP is to improve the pleasant capacity of the organization and autonomy.
The main reason for the ENTREPRENEURSHIP is: Innovation, monetary gain and independence.
Number 4: ACTIVITY:
INTRAPRENEURSHIP: direct participation, which is more than a delegation of authority.
ENTREPRENEURSHIP: Direct and total participation in the innovation process.
Number 5: RISK:
INTRAPRENEURSHIP: See a moderate threat.
ENTREPRENEURSHIP is compatible with all types of RISK.
Number 6: STATE:
INTRAPRENEURSHIP: Employees of the organization who anticipate flexibility at work.
The ENTREPRENEUR is a free and sovereign person who does not bother with the state.
Number 7: FAULTS AND ERRORS:
INTRAPRENEURSHIP: keeps RISK jobs secret unless you are prepared, due to the great concern about failures and errors.
The ENTREPRENEUR recognizes errors and failures by taking on new innovative challenges.
Number 8: OPTIONS:
INTRAPRENEURSHIP: collaborative or joint decisions to realize dreams.
The ENTREPRENEUR makes independent decisions to realize dreams.
Number 9: WHO SERVES:
INTRAPRENEURSHIP: serves the organization and INTRAPRENEUR.
The ENTREPRENEUR serves his clients AND himself.
Number 10: FAMILY HERITAGE:
INTRAPRENEURSHIP: You may not have or have an inheritance from a professional position (retirement).
The consequent ENTREPRENEUR gets to have a professional family or small business assets.
Number 11: RELATIONSHIP WITH OTHERS:
INTRAPRENEURSHIP: The authority structure describes the relationship.
The ENTREPRENEUR has a standard relationship based on interaction and negotiation.
Number 12: ORIENTATION OF TIME:
Self-imposed time limits for INTRAPRENEURSHIP or established by the organization.
There are no time limits for the ENTREPRENEUR.
Number 13: FOCUS OF ATTENTION:
INTRAPRENEURSHIP focuses mainly on technology and market.
ENTERPRISE focuses on increasing sales and maintaining competition.
Number 14: MINDSET TOWARDS THE DESTINATION:
INTRAPRENEURSHIP follows its own style beyond the given structure. Strong self-esteem And wants to achieve the objectives in INTRAPRENEURSHIP.
EMPRENDIMIENTO has an adaptive thinking of self-confidence about the structure of the business. The ENTREPRENEUR has a strong commitment to self-initiated efforts and objectives.
Number 15: OPERATION:
INTRAPRENEURSHIP runs from within the company.
The ENTREPRENEUR operates from outside the organization.
As we promised you at the beginning of the video, we answer the question of: ENTREPRENEURSHIP AND INTRAPRENEURSHIP - which is better ? according to our criteria.
As we have seen previously ENTREPRENEURSHIP AND INTRAPRENEURSHIP, they have their advantages AND disadvantages, although there are more advantages than disadvantages, both fields have very rewarding results when you develop with passion focused on objectives AND you are constant in them until you achieve them.
For example, for INTRAPRENEURSHIP, if your environment is a large company like Google, achieving your goals will be very rewarding. And in this case you do not have to have formed the company or started from scratch, you have had to set goals and be constant in it. , since a company like Google rewards innovation initiatives.
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At our discretion, the problem with INTRAPRENEURSHIP is the following:
You will always be placed in this quadrant of money, as an employee, since you do not own the company, and we all know the consequences that this implies.
As an INTRAPRENEUR, I can do whatever an ENTREPRENEUR or an Leader can do. I can assume the same duties, run a corporation effectively and end up being a rock star in my company.
But unless you make a deal with the owner of your company and can obtain extra or monetary benefits for the excellent results you are getting from being in the field of intrapreneurship, you will always receive the same salary and that is not rewarding for your future.
If you are giving great results for your company, then it would be a good option for you to obtain shares of the company and to become a small partner of the company for which you work.
In our opinion, ENTREPRENEURSHIP is better for the following reasons:
In the field of ENTREPRENEURSHIP, development and much perseverance are required, and in reality, it has been proven countless times that people who set clear and constant goals achieve their goals.
These same exact qualities are necessary for INTRAPRENEURSHIP, however, ENTREPRENEURSHIP does not require employers nor is it necessary to establish a work schedule.
Freedom:
One of the most important reasons why we believe that ENTREPRENEURSHIP is much better is because of the freedom you have, considering that in this case, you are your own manager.
I am my own boss:
This is another reason by which we believe that ENTREPRENEURSHIP is much better, it is you who will give the orders and set your own goals.
Since we have addressed the concern of: which discipline is better, ENTREPRENEURSHIP OR INTRAPRENEURSHIP? and we believe that ENTREPRENEURSHIP is the best discipline, it is also important to mention why ENTREPRENEURS FAIL.
The first reason for failure: regardless of whether it is between thirty and forty, fifty or sixty years, is due to the fact that the ENTREPRENEURS forgets the number one guideline of ENTREPRENEURSHIP, which is to remain in the BUSINESS.
Every day, each of these ENTREPRENEURS must be consumed with the form of care to ensure that they remain in business the next day.
Long-term goals are important, but irrelevant if your BUSINESS is not successful beyond the doors of your BUSINESS.
Second reason: ENTREPRENEURS does not understand the difference between development and ENTREPRENEURSHIP. Innovation is the action or procedure of using creativity and making it a reality, while ENTREPRENEURSHIP is the action of monetizing development.
Fabulous COMPANIES don't need to have an imagination that isn't "How do I monetize my ideas?" Or "How do I generate income from someone else's ideas?"
Finally, many ENTREPRENEURS stop working to diversify within their own BUSINESS. If I had $ 10 MILLION in a startup, I would have 10 different commercial initiatives with $ 1 MILLION each, knowing that if I could stay in the business as a whole, one of these 10 businesses could be developed with a multiple of 50 times or more.
So, at a minimum, my financial investment of $ 10 MILLION could have a return of more than $ 50 million. And even if I didn't thrive in nine companies, everyone would consider me and my BUSINESS very successful, because I took my $ 10 MILLION and earned $ 50 MILLION.
⚫ The information contained in the video is very related to the following topics: Leadership, Management, Leaders, Managers, entrepreneurship and intrapreneurship, entrepreneur and intrapreneurship, Personal development, so we are sure it will be of great help. ---------------------------------------------------------- ⚫ We are working on our channel to upload information about: entrepreneur, entrepreneurship, finances, stock, business how to start, business, investments, invest, earn money, money, entrepreneurship, how to start a business, credit, credit card, poverty, wealth, debts, pay debts, riches, --------------------------------------------------------
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