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Intrapreneurship is: Engaging in entrepreneurial activities from inside an organisation and turning them into profitable activities - Leaving Cert Business - Question 1 - 2008
Question 1
Intrapreneurship is: Engaging in entrepreneurial activities from inside an organisation and turning them into profitable activities. An intrapreneur works for a bus... show full transcript
Worked Solution & Example Answer:Intrapreneurship is: Engaging in entrepreneurial activities from inside an organisation and turning them into profitable activities - Leaving Cert Business - Question 1 - 2008
Step 1
Intrapreneurship is:
Answer
Intrapreneurship refers to the practice of employees within an organization acting like entrepreneurs, taking initiative to develop innovative projects or ideas that can lead to profit for the company. An intrapreneur is someone who operates within the corporate structure and uses their creativity and skills to address challenges and exploit opportunities, thereby driving the organization’s growth.
Step 2
State two examples of intrapreneurship:
Answer
(i) New work methods: This could involve implementing flexible work schedules or utilizing remote collaboration tools to improve productivity among teams.
(ii) New production processes: For example, introducing automation in manufacturing to increase efficiency and reduce costs.