Ask Difference

Entrepreneurship vs. Intrapreneurship — What's the Difference?

By Tayyaba Rehman & Fiza Rafique — Updated on September 16, 2023
Entrepreneurship involves starting and running your own business or initiative, often taking financial risks. Intrapreneurship is the practice of applying entrepreneurial skills within an existing organization to innovate and solve problems.
Entrepreneurship vs. Intrapreneurship

Difference Between Entrepreneurship and Intrapreneurship

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Key Differences

Entrepreneurship is the act of starting a new business or venture with the aim of making a profit or bringing about social change. Entrepreneurs often shoulder the risks and rewards associated with their initiatives. Intrapreneurship, however, occurs within an existing organization, where employees act like entrepreneurs to drive innovation and solve problems.
Tayyaba Rehman
Sep 16, 2023
Both Entrepreneurship and Intrapreneurship involve creative thinking, innovation, and a willingness to take risks. Entrepreneurship usually involves creating something new, such as a product, service, or even a new industry. Intrapreneurship aims to improve or expand existing services, processes, or products within an organization.
Tayyaba Rehman
Sep 16, 2023
From a grammatical standpoint, both words are nouns and share the root word "preneur," derived from the French word "prendre," meaning "to take." While entrepreneurship is more commonly used and understood, intrapreneurship is a less common term but gaining traction in business lexicon.
Tayyaba Rehman
Sep 16, 2023
Entrepreneurship often necessitates external funding, either through venture capital, loans, or other financial mechanisms to get the business off the ground. Intrapreneurship, on the other hand, generally utilizes the existing resources of the parent organization, which might allocate a budget for intrapreneurial projects.
Tayyaba Rehman
Sep 16, 2023

Comparison Chart

Setting

Independent venture
Within an existing organization
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Sep 16, 2023
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Risk

Personal financial risk
Usually backed by the organization
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Sep 16, 2023

Objective

New business, profit, or social change
Innovation within the company
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Sep 16, 2023

Financial Support

External funding (e.g., venture capital)
Internal funding from the organization
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Sep 16, 2023

Grammatical Role

Noun, occasionally used as an adjective
Noun, occasionally used as an adjective
Tayyaba Rehman
Sep 16, 2023

Compare with Definitions

Entrepreneurship

Willingness to take financial risks to create something new.
Entrepreneurship often involves considerable risk.
Tayyaba Rehman
Sep 16, 2023

Intrapreneurship

Utilizing company resources for new project development.
She used intrapreneurship to launch a new department.
Tayyaba Rehman
Sep 16, 2023

Entrepreneurship

A career path that involves multiple business undertakings.
He chose entrepreneurship over a 9-to-5 job.
Tayyaba Rehman
Sep 16, 2023

Intrapreneurship

Entrepreneurial activities within an existing company.
His intrapreneurship helped modernize the firm’s operations.
Tayyaba Rehman
Sep 16, 2023

Entrepreneurship

The act of starting and running a new business.
Her entrepreneurship led to a successful online store.
Tayyaba Rehman
Sep 16, 2023

Intrapreneurship

Internal initiatives aimed at organizational improvement.
Intrapreneurship led to cost-saving measures.
Tayyaba Rehman
Sep 16, 2023

Entrepreneurship

The skillset associated with launching and managing ventures.
His entrepreneurship skills were honed at a young age.
Tayyaba Rehman
Sep 16, 2023

Intrapreneurship

The skillset for internal corporate innovation.
Her intrapreneurship was evident in the new products she developed.
Tayyaba Rehman
Sep 16, 2023

Entrepreneurship

A method of identifying and solving problems to create value.
Entrepreneurship can also focus on social enterprises.
Tayyaba Rehman
Sep 16, 2023

Intrapreneurship

Employees innovating within their current roles.
Intrapreneurship is encouraged to keep the company agile.
Tayyaba Rehman
Sep 16, 2023

Entrepreneurship

Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
Tayyaba Rehman
May 02, 2022

Intrapreneurship

Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.
Tayyaba Rehman
May 02, 2022

Entrepreneurship

The activity of setting up a business or businesses, taking on financial risks in the hope of profit
The new business opportunities have encouraged entrepreneurship on a grand scale
Tayyaba Rehman
May 02, 2022

Intrapreneurship

The practice of applying entrepreneurial skills and approaches within an established company.
Tayyaba Rehman
May 02, 2022

Entrepreneurship

A person who organizes, operates, and assumes the risk for a business venture.
Tayyaba Rehman
May 02, 2022

Intrapreneurship

Being creative with ideas and procedures
Tayyaba Rehman
May 02, 2022

Entrepreneurship

The art or science of innovation and risk-taking for profit in business.
Tayyaba Rehman
May 02, 2022

Entrepreneurship

The quality of being an entrepreneur.
Tayyaba Rehman
May 02, 2022

Entrepreneurship

The activity of organizing, managing, and assuming the risks of a business enterprise.
Tayyaba Rehman
May 02, 2022

Common Curiosities

Is Entrepreneurship always independent?

Entrepreneurship typically involves independent ventures, although it can involve partnerships.
Tayyaba Rehman
Sep 16, 2023

What is Entrepreneurship?

Entrepreneurship is the act of creating a new business or venture, often involving financial risks.
Tayyaba Rehman
Sep 16, 2023

Are both terms nouns?

Yes, both are primarily used as nouns but can be used as adjectives in some contexts.
Tayyaba Rehman
Sep 16, 2023

How do organizations view Intrapreneurship?

Many organizations encourage intrapreneurship as a way to foster innovation.
Tayyaba Rehman
Sep 16, 2023

What is Intrapreneurship?

Intrapreneurship is the practice of being an entrepreneur within an existing organization.
Tayyaba Rehman
Sep 16, 2023

Do both require risk-taking?

Both involve risk, but entrepreneurship usually entails greater personal financial risk.
Tayyaba Rehman
Sep 16, 2023

Is Entrepreneurship more common than Intrapreneurship?

Entrepreneurship is generally more common and widely understood.
Tayyaba Rehman
Sep 16, 2023

Is Entrepreneurship only about making a profit?

No, entrepreneurship can also aim for social impact.
Tayyaba Rehman
Sep 16, 2023

Can Intrapreneurship lead to a spin-off?

Yes, successful intrapreneurial projects can sometimes become independent companies.
Tayyaba Rehman
Sep 16, 2023

Is funding different for both?

Entrepreneurship often requires external funding, while intrapreneurship is usually funded internally.
Tayyaba Rehman
Sep 16, 2023

Can an entrepreneur become an intrapreneur?

Yes, some entrepreneurs later take roles within larger organizations to act as intrapreneurs.
Tayyaba Rehman
Sep 16, 2023

Can Intrapreneurship be taught?

While some skills can be taught, much of intrapreneurship involves mindset and corporate culture.
Tayyaba Rehman
Sep 16, 2023

What skills are common to both?

Both require creativity, risk-taking, and problem-solving skills.
Tayyaba Rehman
Sep 16, 2023

Is Intrapreneurship a career?

It’s generally a role or mindset within a career, rather than a distinct career path.
Tayyaba Rehman
Sep 16, 2023

Do both contribute to the economy?

Yes, both forms of activity can stimulate economic growth and innovation.
Tayyaba Rehman
Sep 16, 2023

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Author Spotlight

Written by
Tayyaba Rehman
Tayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.
Co-written by
Fiza Rafique
Fiza Rafique is a skilled content writer at AskDifference.com, where she meticulously refines and enhances written pieces. Drawing from her vast editorial expertise, Fiza ensures clarity, accuracy, and precision in every article. Passionate about language, she continually seeks to elevate the quality of content for readers worldwide.

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