Who Is An Intrapreneur? Definition, Characteristics, Pros/Cons, More

Published on: 27 June 2022 Last Updated on: 01 July 2022
Intrapreneur

Intrapreneurs and Entrepreneurs – they sound similar right?

Yeah, they do, but their definition, meaning, and characteristics are totally different from one another. Here is what we know about entrepreneurship.

Read the guide till the end to grab some rich insights.

Who Is An Intrapreneur?

Here is a concise definition.

An intrapreneur is the one who is responsible for developing an innovative project or idea within an organization.

He/she doesn’t face the outsized risks that an entrepreneur doesn’t. However, he possesses the major access to all the capabilities and resources of an established company. To be very specific, the intrapreneur gets the autonomy to work on projects having a considerable impact on organizational development.

The term intrapreneur is an amalgamation of two words like “internal” and “entrepreneur.” In 1978, it was first coined by Elizabeth S. Pinchot and Gifford Pinchot II in a white paper.

How Does Intrapreneurship Work?

How Does Intrapreneurship Work

You are now well aware of what is an intrapreneur. They are the employees of an organization who are given the responsibilities of working on special ideas and projects. In addition, they are given the freedom and time to develop and grow the project that an entrepreneur would.

Does this sound like they work solo? Well, not really because intrapreneurs have all the capabilities and resources of the firm at their disposal. Additionally, they have different objectives. While an entrepreneur envisions the creation of a company from level 0, the intrapreneur has a broader vision for an established entity.

The visions mainly involve radical changes to company processes, products, or traditions. He applies his skills and experiences directly to implement them on the job.

What Are The Characteristics Of A Good Intrapreneur

Characteristics Of A Good Intrapreneur

I hope, by now the meaning is pretty clear to you? Now, Intrapreneurship has some roles and responsibilities which require some special characteristics. Below, I have listed some of the characteristics an efficient intrapreneur must possess.

1.They Are Passionate About Problem Solving

Angels and Intrapreneurs will agree on this one. Focused intrapreneurs are the ones who are passionate about solving problems and set forth to resolve business-oriented issues.

2.They Are Curious, And Adaptable Enough

When it’s the start of a business, the intrapreneur has to play roles in several sectors such as product management, engineering, and marketing. Hence, angels look for people who are curious, adaptable, and respond to learning and development.

3. They Are Transparent

As an intrapreneur, the fastest and most efficient way to gain the confidence of your sponsors is by showing transparency. If any unwanted circumstance happens, then also, transparency needs to be maintained.

4. They Are Resilient

Intrapreneurs starting a business simply have an idea which they have to work super hard to give a shape. That’s why they need to be highly resilient since it’s likely they would come across a plethora of obstacles throughout their journey.

Pros And Cons Of Intrapreneurship

Here is a critical analysis of Intrapreneurship I have explained through an evaluation of its pros and cons. Take a look at the table below:

Pros Of IntrapreneurshipCons of Intrapreneurship
It decreases the financial risk on the innovatorThe glory you enjoy is not for you only, it’s shared.
Makes use of all the organizational talent and resourcesThere is high potential for conflicts with the other members.
Increases the delivery of better services, products, or support.Returns are generally less in comparison to the entrepreneurs.
Enlarges your reputation and develops your network.There are a myriad of risks pertaining to failure
It’s a stepping stone to entrepreneurshipYou will still have a boss monitoring you

Companies Around The World Having Intrapreneurs

Here are some leading tech giants around the world who support Intrapreneurship just like different types of entrepreneurs:

Frequently Asked Questions (FAQs):

Q1. What Does Intrapreneur Mean?

An Intrapreneur is an employee who is given the support and authority to create a new service or product. Unlike entrepreneurs, they have no concern about whether or not the product would become a revenue source for the company.

Q2. What Is Intrapreneur Example?

One of the greatest examples of Intrapreneurship is Dreamworks Animation. It’s a media behemoth that gave classic works like Madagascar and Kung Fu Panda. They also offer classes on script writing to the animators.

Q3. What Are The Types Of Intrapreneurs?

The 3 types of Intrapreneur are as follows:
1. Advocate, coming from a customer-facing role 
2. The creator coming from an internal-facing role
3. The change maker coming from an external-business-facing role. 

Q4. What Is The Difference Between Intrapreneurs And Entrepreneurs?

The main difference between Intrapreneur and Entrepreneur is that an entrepreneur is a ground-up-and-go person when it comes to their own money. On the other hand, an intrapreneur is someone who starts steaming from inside a large company. That’s all about Entrepreneur Vs Intrapreneur.

The Bottom Line

That’s all we had to say about Intrapreneurs. They are overlooked often in the realm of entrepreneurship. However, with the world-changing innovation coming up, established corporations are prioritizing them. 
Wanna learn how to become an intrapreneur and Intrapreneur Vs Entrepreneur in more detail? Then keep an eye out on our website as we will be coming up with a guide to that.

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Characteristics Of Entrepreneur

What Are The Characteristics Of Entrepreneurs? Things You Should Know In 2022!!

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Connecting The Green Dots: Navigating The Cannabis Industry With A Business Social Network

In a world where innovation constantly reshapes industries, the cannabis business community finds itself at the cusp of an extraordinary transformation. Picture a digital hub where cultivators, distributors, entrepreneurs, and enthusiasts converge, breaking down barriers, and fostering collaboration. Welcome to the Cannabis Business Social Network, a virtual garden of opportunities where seeds of knowledge, commerce, and community bloom. If you have been searching for what a Cannabis Business Social Network is and how it can help you, you will find this blog to be of help. Keep reading this article till the end to learn more… A Budding Vision: Cannabis Business Social Network! The cannabis industry, once relegated to the shadows, is emerging into the light. As legal regulations shift, entrepreneurs sprout like resilient hemp, eager to explore this green frontier. However, navigating the labyrinth of cannabis commerce can be daunting. 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Attract More Customers

4 Simple And Cheap Methods To Attract More Customers

Every business’s lifeline is its customer base, which is why big companies allocate a large budget to create strategies to reel in more customers. For a small business like yours, you don’t have to go to such extensive lengths to grow your number of customers. You can start with simple methods and build from there. 4 Strategies To Attract More Customers To Your Business Big giant companies are spending thousands to attract more customers but your budget is small. How you can organize your branding and promotions and going to attract more customers? Every time you do not have to spend thousands if you are going to follow some easy tips you can accomplish your work within a small budget. Here are a few ways you can attract more customers to your small business without breaking the bank. 1. Treat Your Customers Well: Customer satisfaction is vital in every business, which is why you should make sure to treat the few customers you already have with care. Word of mouth is always an excellent method to gain more customers. Let’s say you’re a company like Capstone, and you provide a service that requires you to interact and communicate with your clients. The way you treat them, the tone of your voice, your body language, etc. affect how satisfied they will be by the end of your meeting. If you treat them well, they will be satisfied with your service and are more likely to recommend you to their friends or relatives. If you treat them poorly, they might badmouth you which might cause you to lose potential clients. 2. Create Social Media Accounts: People, when looking for something, usually search for it online first. If you have a social media account, there’s a high chance they will find you. The best thing about it is that the potential customers can quickly send you a message to ask for details about your products or services. They won’t even have to get up from their bed to ask a query, which makes things easier for them. However, not every business with a social media account can always succeed. It takes more than just setting up your page to create a successful social media strategy. As a small business, you probably don’t have the human resources yet to manage all of your accounts. Here are a few tips to make sure your social media accounts benefit you: Start with one platform first. It’s better to have one platform which you regularly manage than to have multiple ones but don’t get to handle actively. Create useful, informational, and quality content. Be a little witty or funny sometimes, but make sure that what you say is appropriate for your business. Respond to comments and messages as soon as possible and always be respectful.  3. Start A Contest: Contests are always a fun way to create a buzz. People can get competitive especially if there’s a prize waiting for them. There’s something about emerging as the winner or being the lucky one that makes them feel special in probably some egotistical way. Word of mouth and social media are both excellent ways to spread awareness of the contest. If you offer a prize that benefits the winner and a family or friend of their choosing, they will immediately talk about it and might even share the news with other people they know. For a social media contest, you can require the contestants to like and share your page, tag a few friends, or even invite as many as they can to like and share their page too. If you do plan to run a contest, make sure to set an appropriate budget. The prizes you will give out should not cost you too much. Stick to your budget so that the costs during the entire duration of the contest do not make you lose more money than the sales you gained. 4. Get Involved In The Community: You don’t have to conquer the entire country to achieve success in your business. Everybody starts small. You can begin with your local community. Being involved in the place closest to your business’ location is an excellent way to attract more customers. It’s a good strategy to attract first the persons nearest to you since it’s more convenient to have business transactions with them. Usually, the target market of a business involves most of the people within their community. You can attend or sponsor some local events like charities or sports leagues. People are supportive of the people who also support their community. Your brand name can get associated with those activities, and you’ll build a good reputation, which will attract more customers. Conclusion: Try these simple steps, and you might grow your customer base. Small businesses don’t have to risk time, money, and effort for campaigns that will cost them more than what they gain. It’s all about good strategy and excellent customer service. Once you earn a substantial amount of customers, make sure to maintain good relations, so you don’t lose them. Read Also: Building A Brand For Your Small Business How To Attract The Best Talents For Your Startup The Best Methods To Build Strong Customer Relationships

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