INTRAPRENEURSHIP DIMENSIONS OF ENTREPRENEURSHIP 1

·         INTRAPRENEURSHIP
DIMENSIONS OF ENTREPRENEURSHIP 1

DIMENSIONS OF ENTREPRENEURSHIP 1

·         MEANING OR INTREPRENEURSHIP

1.       POPULARLY KNOWN AS CORPORATE ENTREPRENEURSHIP

2.       INTRAPRENEURSHIP REFERS TO EMPLOYEE INITIATIVE IN ORGANIZATION TO UNDERTAKE SOMETHING NEW,WITHOUT ASKED TO DO SO.

3.       FOCUSES ON NEW INNOVATION AND CREATIVITY AND TRANSFORMS AN IDEA INTO PROFITABLE VENTURE WHILE WORKING WITH IN THE ORGANIZATIONAL ENVIRONMENT

4.       IN THE PROCESS OF INTRAPRENEURSHIP,CORPORATE MANAGERS AND EMPLOYEE ARE GIVEN TO GENERATE NEW IDEAS WHICH MAY BE PROVED FRUITFUL IN FUTURE FOR ENTREPRENEURIAL ORGANIZATION

·         MEANING OF INTREPRENEURSHIP

1.       IS AN INSIDE  ENTREPRENEUR OR AN ENTREPRENEUR WITH IN LARGE FIRM,WHO USES ENTREPRENEURIAL SKILLS WITHOUT INCURRING THE RISK ASSOCIATED WITH THESE ACTIVITIES. THEY ARE USUALLY EMPLOYEE WITH IN A COMPANY WHO ARE ASSIGNED TO WORK ON SPECIAL IDEA OR PROJECT AND THEY ARE INSTRUCTED TO DEVELOP THE PROJECT LIKE AN ENTREPRENEUR. RESOURCES AND CAPABILITIES OF THE FIRM AT THEIR DISPOSAL.

2.       INTRAPRENEURSHIP IS THE PROCESS WHERE AN EMPLOYEE WITH IN LARGE COMPANY ACTS LIKE AN ENTREPRENEUR WITH IN THAT ORGANIZATION AND TAKES RESPONSIBILITY FOR TURNING A NEW CONCEPT INTO FINISHED PRODUCT OR SERVICE THROUGH CALCULATED RISK TAKING AND INNOVATION

·         FEATURES

1.       TYPE OF ENTREPRENEURSHIP THAT HAPPENS WITH IN AN EXISTING ENTREPRENEURIAL UNIT

2.       DEVELOPED IN THE FORM OF AUTONOMOUS OR SEMI AUTONOMOUS BUSINESS UNITS THAT PRODUCE GOODS AND SERVICES OR TECHNOLOGY IN UNIQUE WAY

3.       INTERNAL TYPE OF CORPORATE VENTURE

4.       INTERNAL MANAGERS AND EMPLOYEES ARE MOTIVATED TO DEVELOP SOME NEW INNOVATIVE WAYS TO DO SOMETHING THROUGH INTRAPRENEURSHIP

·         ROLE OF INTRAPRENEURSHIP

1.       HELPFUL IN ADJUSTMENT: INTRAPRENEURSHIP ASSISTS IN BUSINESS UNITS TO COPE AND ADJUST WITH THE CHANGING BUSINESS ENVIRONMENT

2.       POSSIBILITY OF DIVERSIFICATION:- ENABLES BUSINESS UNITS TO DIVERSIFY FROM THEIR MAIN BUSINESS THROUGH INTERNAL PROCESS

3.       MARKET RESEARCH

4.       VALUE ADDITION” THE PARENT ORGANIZATION GAIN DIFFERENT BENEFITS FROM NEW VENTURES CREATED THROUGH INTRAPRNENEURSHIP

5.       NEW CHANNELS OF DISTRIBUTION:-NEW CHANNELS OF DISTRIBUTION ARE ALSO OPENED BY INTRAPRENURIAL ACTIVITIES

·         DIFFERENCE

·         ENTREPRENEUR

1.       HE IS THE OWNER OF THE BUSINESS.

2.       ARRANGES FINANCE AND OTHER RESOURCES FOR SETTING UP THE BUSINESS

3.       TAKES ALL RISK RELATED TO BUSINESS

4.       OBJECTIVE IS TO EARN PROFIT

·         INTRAPRENEUR

·          

1.       HE IS THE EMPLOYEE

2.       DOES NOT RAISE FUNDS

3.       DOES NOT TAKE ANY RISK

4.       CREATES NEW BUSINESS IDEAS

5.       WORKS FOR SALARY