Intrapreneurship

Entrepreneurship can broadly be defined as the process in which individuals discover, evaluate, and [Page 752]exploit opportunities. Entrepreneurship is often associated with the creation of a new firm or organization; however, organizational creation is not the only form of opportunity exploitation. Indeed, the entrepreneurship process can begin and end within the context of an existing firm or organization. Intrapreneurship refers to entrepreneurial activity whereby organizations and organizational members take responsibility for creating innovation of any kind within an organization. Intrapreneurship is a type or classification of entrepreneurship and can be considered a subset of the larger concept of corporate entrepreneurship. Typically, innovation as described by intrapreneurship broadly refers to the recombination of resources that results in new products, services, or organizing methods that compliment or ...