Definition of Intrapreneurship:
The term intrapreneurship refers to a system that allows an employee to act like an entrepreneur within a company or other organization. Intrapreneurs are self-motivated, proactive, and action-oriented people who take the initiative to pursue an innovative product or service. An intrapreneur knows failure does not have a personal cost as it does for an entrepreneur since the organization absorbs losses that arise from failure.
An intrapreneurship creates an entrepreneurial environment by allowing employees to use their entrepreneurial skills for the benefit of both the company and the employee. It gives employees the freedom to experiment, as well as the potential for growth within an organization.
Practice of entrepreneurship in an established firm. Intrapreneurship applies the start up style of management (characterized by flexibility, innovation, and risk taking) to a secure and stable firm. The objective is to fast track product development (by circumventing the bureaucracy) to take advantage of a new opportunity or to assess feasibility of a new process or design.
How to use Intrapreneurship in a sentence?
- Intrapreneurship is a system which allows an employee to act like an entrepreneur within an organization.
- If you want to help out a new company you may want to use INTRAPRENEURSHIP to allow them to get going more quickly.
- If you are taking on an intrapreneurship you should try to put your best foot forward and let others know you are serious.
- Intrapreneurs are self-motivated, proactive, and action-oriented people who have leadership skills and think outside the box.
- The intrapreneurship had just begun and we were all excited to see how it all turned out for everyone involved.
- Intrapreneurship is one step toward entrepreneurship—intrepreneurs can use what they've learned as part of a team to develop their own businesses.
Meaning of Intrapreneurship & Intrapreneurship Definition