Background To The Study
The intrapreneur is that individual under the employment of an entrepreneur who takes an initiative into a new project of developing a new product or service within the larger organization of the entrepreneur. The intrapreneur possesses the characteristics of an entrepreneur but operates within the firm of the entrepreneur using entrepreneurial capabilities without bearing the associated risks of those activities. Intrapreneurs are typically assigned special projects to work on within the entrepreneurial firm. The difference between Entrepreneurs and intrapreneurs are that while the entrepreneur takes responsibility from the start of the firm to finish, the intrapreneur takes responsibility for projects within the already established firm of the entrepreneur. The similarity is that just as the entrepreneur is focused on starting the firm to produce goods or services, intrapreneurs seek the resources, policies and technologies that will help in the achievement of the initiated project towards the production of a new product or service and increase the company’s productivity. The intrapreneur developes the skill for recognizing and solving important problems within the firm and the independence to analyze and understand trends necessary for planning the company’s future thereby improving organizational performance. They strategize and determine methods for staying ahead of competition. Some Intrapreneurs often take executive leadership of the firm over time. It is important that entrepreneurial firm motivate the efforts of intraprenuers for successful ventures.
1.2 Statement of the Problem
The intrapreneur possesses the characteristics of an entrepreneur but operates within the firm of the entrepreneur using entrepreneurial capabilities without bearing the associated risks of those activities. Intrapreneurs are typically assigned special projects to work on within the entrepreneurial firm. The difference between Entrepreneurs and intrapreneurs are that while the entrepreneur takes responsibility from the start of the firm to finish, the intrapreneur takes responsibility for projects within the already established firm of the entrepreneur.
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