A first step is to discuss entrepreneurship versus intrapreneurship, and the setting – inside a university. Entrepreneurship is widely studied, with many established definitions. Most of the definitions include the idea of an individual finding or creating an opportunity, meeting that need by organizing people or resources, and profiting from meeting that need. Many focus on identification of the ideas, organizing the people or things, creating the businesses, and profiting from the activities. Some talk about risk, and opportunity for failure or success.
Intrapreneurship is less studied, but there is a reasonable amount of literature on the subject, with the term coined by Pinchot. It’s focused on many of the same topics as entrepreneurship, but within an existing, usually corporate, institution. Quite a few examples abound, and given Google and 3M as common examples, focus is on innovation by individuals or groups within companies focused on products or services. It also varies from entrepreneurship in that the resources often come from the parent company, and often the innovations innure to the benefit of the parent company rather than the entrepreneur. There is some literature focused on reward structures for intrapreneurs and their groups.
To read the full, original article click on this link: Entrepreneurship, Intrapreneurship – Academic or Otherwise | Academic Entrepreneurship Inside the University
Author:
