Concept explainers
What are the differences between classic, multipreneurs, and intrapreneurs?
To determine:
The difference between classic entrepreneur, multipreneurs, and intrapreneurs.
Introduction:
The term entrepreneurs is often used in a broad sense to include most small-business owners. Entrepreneurship includes taking big risks, either to build a new business or to hugely expand the business and to control an existing business. Entrepreneurs typically are kind of creators who start companies to attempt their ideas for a new product or create some new services.Entrepreneurs are mainly of three types: 1) Classic, 2) Multipreneurs, and 3) Intrapreneurs.
Explanation of Solution
The difference between these three terms is as described below:
Classic Entrepreneurs | Multipreneurs | Intrapreneurs |
Classic entrepreneurs take big risks, that is why they are known as risk-takers. They begin their own companies by creating and making new products. | Multipreneurs are the kind of businesspersons, who start a series of small companies. | Some businesspersons donot own their own companies but use their creativity, imagination, and risk-taking within a big organization known as intrapreneurs. |
Some classic businesspeople are ecopreneurs who start a small level business and stay at a small level only. | They grow on the difficulty of creating a business and waiting for it grows. | In these employees, enjoy the liberty to sustain their opinions and promote new products, while their employers provide regular salaries and financial help. |
"M"Inagi is a famous exampleof Classic entrepreneurs. | "Brothers J." and "R.Sloan" are few famousexamples of multipreneurs. | Examples of intrapreneurs include Company I, CompanyIB, and CompanyTI. |
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- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub