DIFFERENCES BETWEEN ENTREPRENEUR, INTRAPRENEUR AND ENTERPRISING PERSONS.

 Entrepreneurs are the ones that conceptualize, implement, maintain and expand business in the face of risks and uncertainty. They achieve and growth by identifying opportunities and marshalling the necessary resources to capitalize on those opportunities.

An entrepreneur can be described as someone who;

i. owns and manages his/her own business.

ii. identifies new products/services or opportunities.

iii. is creative and innovative.

iv. organizes and controls resources to ensure a profit for the business.

v. has the ability and insight to market, produce and finance a service or product.

vi. has financial means or can obtain financing to support the business.

vii. is willing to take calculated risks.

(b)THE INTRAPRENEUR

An intrapreneur is a person who focuses on innovation and creativity and who

transforms a dream or an idea into a profitable venture, by operating within the

organizational environment.

He or she identifies opportunities within an existing business and creates profits

for the business from these opportunities.

An intrapreneur can be described as someone who;

i. works in an existing business.

ii. he/she is hired to manage the business.

iii. identities new products/services or opportunities for an existing business.

iv. he/she is creative and uses ability/insight to market/produce/finance a product /service.

v. organizes and controls resources to ensure profit for the existing business.

vi. prefers benefits of an existing business such as a salary and available resources.


(c) AN ENTERPRISING PERSON

An enterprising person is some who takes on imaginative and risky projects. He/she is skilled enough, ambitious, energetic, confident enough, creative and disciplined enough to seize opportunities that present themselves regardless of the economy.

Enterprising people take initiative in order to be successful.

Being enterprising also means one feeling good about him or herself, having enough self-worth to want to seek advantages and opportunities that will make a difference in one’s future.

In so doing, one will increase his or her confidence, courage, creativity, self-worth and enterprising nature.

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