Intrapreneurship And Extrapreneurship Essay - 682 words

Intrapreneurship and Extrapreneurship Development of the global business and its forms and strategies brings new understandings to our lives. The new concept or notion is born every day. The two of the latest words in the modern business and economic language are: intrapreneurship and extrapreneurship. The words are new, and there are no meanings for them in the classic dictionaries, however, having an idea about word structure we can say that it has something to do with entrepreneurship. Also the prefixes of the words suggest that they have something to do with inner or outer (respectively) understanding of ones development and economic activity. In this paper I will try to examine the terms of intra and extrapreneurship, discover their underlying meanings, and see what are the cases of their implication in practice. The restructuring of modern business and corporate strategies has lead to something called corporate revolution.


Today there is a wealth of popular business literature describing a new corporate revolution taking place thanks to the infusion of entrepreneurial thinking into larger bureaucratic structures. This infusion is referred to as corporate entrepreneurship (Kuratko et al., 1993) or intrapreneurship (Pinchott, 1985). Gifford Pinchott (1985) defined intrapreneurship as entrepreneurship inside of the corporation where individuals will champion new ideas from development to complete profitable reality. Others have expanded this definition by including the need to recognize that entrepreneurial activities revolve around organizational sanctions and resource commitments for the purpose of innovative results. Pinchot believes that the decision to act intrapreneurially occurs as a result of interactions among organizational characteristics, individual characteristics, and some kind of precipitating event. The precipitating event provides the impetus to behave entrepreneurially when other conditions are conducive to such behaviour.


Speaking in general terms, intrapreneur or corporate entrepreneur is the one who develops a business idea that does not yet exist. In the beginning, the individual may be specialized in one area such as engineering, marketing, or research and development, but once the ...................................................................................................................................................................................................................................................................................................................................................................

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Essay Tags: modern business, entrepreneurship, corporate, entrepreneurial, entrepreneur

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