Understanding Intrapreneurship

Not everyone is fortunate enough to give wings to her entrepreneurial pursuits due to lack of capital and other resources. The concept of “intrapreneurship” comes to the rescue of such individuals. Intrapreneurship is basically practicing entrepreneurship within the confines of an organization. Intrapreneurship works well for various reasons—the foremost being that unlike entrepreneurial ventures, there is no substantial risk involved. Intrapreneurs are employed by an organization for a fixed remuneration and are involved with generating new ideas and converting them into profitable ventures with financial support and other help from the organization.

Difference between Entrepreneurship and Intrapreneurship
There are certain similarities and differences between entrepreneurs and intrapreneurs. Like an entrepreneur, even an intrapreneur exhibits characteristics such as independence, conviction, vision, passion to fulfil his dreams, etc. Entrepreneurs make their own decisions, whereas…

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Social Entrepreneurship: What Is It?

Is profit the sole focus of entrepreneurship? Is maximizing returns the only thing that matters? If we answer these questions with a yes, we would not be doing justice to a whole class of social entrepreneurs—people devoted to bringing social change through their business ventures.

Social entrepreneurs are in the business of touching lives. Such individuals do not believe addressing social issues is the responsibility of the government and large corporate houses alone; they take it upon themselves to champion the cause in which they believe. Social entrepreneurs go beyond philanthropy to bring radical changes in their society and put forth new and sustainable models of businesses with a cause.

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