What Is the Difference Between Entrepreneurship and Intrapreneurship?

What Is the Difference Between Entrepreneurship and Intrapreneurship?

An intrapreneur is essentially an entrepreneur that works in an organisation and is responsible for developing new internal initiatives.

Whether it’s launching a new product to enhance customer experiences or finding an innovative solution to cut production costs, intrapreneurs are always looking for imaginative ways to add value to their business.

While an entrepreneur aims to increase their individual wealth and economic impact by creating a new business, intrapreneurs leverage existing resources and networks within a company to launch transformative innovations and initiatives.

Intrapreneurs can either work on incremental innovation projects or more experimental ideas to help their employer thrive in an ever-more competitive and dynamic marketplace.

There are five main differences between an entrepreneur and an intrapreneur:

In essence, from the individual’s perspective, intrapreneurship is less risky than entrepreneurship.

Small failures and calculated risks can be absorbed by an existing organisation, increasing the likelihood of the next innovation project to be successful. On the other hand, if something goes wrong for an entrepreneur, they feel the full force and their lives might take a negative hit as a result.

On top of this, intrapreneurs can rely on existing resources, capabilities, access to market and insights that would otherwise take years to build. Provided that they are offered a receptive environment, they are in fact more likely to succeed.

In their enviable position, intrapreneurs are finally able to unleash their entrepreneurial attitude while still getting a decent salary and contributing to future-proofing the company they work for.

You can review a collection of successful intrapreneurship examples that we collected over the years here.

Originally published on StudioZao.com

If you are interested into Intrapreneurship, why not checking out our online Intrapreneurship course?

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Davide Turi

Innovation Programmes Director | Venture Builder | Exited Serial Entrepreneur