Intrapreneurship and Its roots



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INTRAPRENEURSHIP and Its roots







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(Introduction)


  • In 1992, for instance,


The American Heritage Dictionary brought intrapreneurship and entrepreneur into the mainstream by adding entrepreneur to its dictionary,

defining it as “a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.”




  • Gifford and Elizabeth Pinchot - develop the concept of the intracorporate intrapreneur and coined the word intrapreneur




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AN INTRAPRENEUR


  • An intrapreneur is an individual who works on developing new ideas and products within the confines of the business that they already work at.




  • Intrapreneurs include any person within the company that applies entrepreneurial skills, vision, and forward-thinking into the role that they have in the company.




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INTRAPRENEURSHIP


  • Intrapreneurship is the form of entrepreneurship practiced within existing organizations.




  • An intrapreneurship is a phenomenon of empowering the employees within the organization, by valuing their ideas and converting them into a profit-making model for the business. The organization would bear the associated risk and loss if the intrapreneur's project failed.




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  • On the basis of the success of some of the early trials of their methods in Sweden, the Pinchot began a school for entrepreneurs.




  • In 1985, they published their first book, Intrapreneuring, combining the findings from their research and practical applications.




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