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intrapreneur
(redirected from Intrapreneurship)

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intrapreneur

Individual within an organization who is allowed to operate as an entrepreneur. Intrapreneurs can be senior managers in companies that have decided to introduce internal competition where areas of the business are run as profit centres. This approach allows the manager to contract out activities that they would normally have to source and carry out within the company. With this approach there is a trade-off between cost and control. Intrapreneurs might also be individuals within an organization selected for their particular aptitude and encouraged to develop business ideas within an organization as if they were in an external new venture. Intrapreneurs may become entrepreneurs if their profit centre is spun out of its parent company.



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At its very core, intrapreneurship is the innovation that corporations need to keep them competitive--particularly in today's aggressive and rapidly changing business environment of globalization, emerging markets, and technology innovations.
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In addition to having a minor in global business, students will also receive a certificate in intrapreneurship - a term coined to describe the employee within an organization who understands the perspective of the CEO.
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He was also involved in the assessment of other companies for Polaroid acquisition and related intrapreneurship activities.
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