The Future of Entrepreneurship

The term entrepreneurship means different things to different people

In spite of differences, there are some common aspects:

Risk taking

Creativity

Independence and

Rewards

Theses commonalities will continue to be the driving force behind the notion
of entrepreneurship in the future
We are living in the age of entrepreneur
with entrepreneurship endorsed by educational institutions, governmental units,
society and corporations.
Entrepreneurship education has never been so important in terms of courses
and academic research.
This increase in course offering has been accompanied by an increase in
academic research, endowed chairs in the area, entrepreneurship
concentrations and majors and centers of entrepreneurial activity.
Various governments are taking an increased interest in promoting the
growth of entrepreneurship.
Encouragement by the Federal and Local governments should continue in the
future as more lawmakers understand that new enterprises create jobs and
increase economic output in the area.
Societys support is critical in providing both motivation and public support.
The media has played and will continue to play, a powerful constructive role
by reporting on the general entrepreneurial spirit.
This media coverage uplifts the image of the entrepreneur and growth
companies, and focuses on their contribution to society.
Large companies will continue to have an interest in their special form of
entrepreneurship intrapreneurship in the future.
These companies will be increasingly interested in capitalizing on their research and
development (R&D) in the hyper competitive business environment today.

Differentiate between the Entrepreneurs and

Intrapreneurs.
DEFINITION of 'Intrapreneurship'
Acting like an entrepreneur within a larger organization. The term is derived from a
combination of "intra" or internal, and "entrepreneurship." Intraprenuers are usually highly
self-motivated, proactive and action-oriented people who are comfortable with taking the
initiative, even within the boundaries of an organization, in pursuit of an innovative product
or service.

Read more: Intrapreneurship Definition |

Investopedia http://www.investopedia.com/terms/i/intrapreneurship.asp#ixzz3n0wHJB00
Follow us: Investopedia on Facebook
The terms Entrepreneur and the Intrapreneur might seem the same words to hear, but both the
terms have much differences including their spelling and characteristics. The differences between
these two terms have been shortly gleaned below:-

Differences

Entrepreneur

Dependency

An
entrepreneur
independent
in
operations

Raising of
Funds

Risk

Operation

Intrapreneur
is An
intraprenuer
is
his dependent
on
the
entrepreneur, i.e. the owner.

An entrepreneur himself Funds are not raised by the

raises funds required for the Intrapreneur.
enterprise.
Entrepreneur bears the risk An intraprenuer does not
involved in the business.
fully bear the risk involved
in the enterprise.
An entrepreneur
from out side

operates On the contrary, an

intraprenuer operates from
within the organization
itself.

Orientation

Experience

An entrepreneur begins his An intrapreneur sets up his

business with a newly set up enterprise after working
enterprise.
someone
elses
organization.
As
an
entrepreneur An intrapreneur establishes
establishes new business, so his business after gathering
he does not possess any experiences
through
experience
over
the working in the other
business.
organizations.