Sunday, 10 July 2016

The concept of Intrapreneur and Techpreneur explained


Intrapreneurs

There are given situations where an entrepreneur is not able to establish his or her own business and as such has to work in an organization. In this case they are referred to as ‘Intrepreneurs’ i.e. entrepreneurs within an organization.


These individuals are entrepreneurs in their own right because they pursue the exploitation of business opportunities as they emerge and are also visionaries within a given organization. Thus, once identified, these individuals should be encouraged to manifest their entrepreneurial abilities to the benefit of the organization otherwise they will be frustrated and may leave the organization or start their own businesses.

How is entrepreneur differ from intrapreneur? 

An entrepreneur is a person who create a venture or startup a business and nature
it, takes risks of bringing together the factors of production to meet the society’s need at a profit, while an intrapreneur work within an existing organization to pursue the exploitation of business opportunities.


Technopreneurs:

We could also have technopreneur, who is an individual whose business is in the realm of high technology, who at the same time has the spirit of an entrepreneur.

A technopreneur’s business involves high technology or to put it more clearly a technopreneur is a technological innovator and a business man all combined in one individual (Ogundele,
2007).

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