Entrepreneur vs Intrapreneur vs Entrepreneurship – Definitions, Examples & Characteristics

Entrepreneur & Intrapreneur & Entrepreneurship

                An entrepreneur is a person who starts a new organization in terms of business. The entrepreneur gets a new idea from his inner soul and tries to establish an organization with a profitable perspective. Entrepreneurs generally take a huge financial risk to make their idea established before the world. Entrepreneurs have different mindsets, they think differently, they think advances. Entrepreneurs find opportunities where society cannot imagine a business area.

Entrepreneurship is a zeal to do something new; service, work, development, innovation or anything of doing it business. Entrepreneurs take a huge financial risk, and they work hard to reach the goal. Entrepreneurs face different problems in terms of bureaucracy, society, technical and managerial, but they have the capability to solve each problem effectively.

Waiting for perfect conditions is not a habit of entrepreneurs, they create opportunities for themselves even in unfavorable situations. Many great entrepreneurs start their journey with limited resources or no resources at all, but their vision, confidence, and ability to take calculated risks, patience and intelligence help them move forward. The entrepreneurial mindset thinks about long-term growth, while common person looks for short-term comfort.

Entrepreneurs often identify problems in ordinary people's lives and convert those problems into profitable business concepts. This entrepreneur's problem-solving ability makes them differentiate entrepreneurs from ordinary business owners. They notice the challenges as opportunities, and then they innovate and improve existing systems.

Entrepreneurs often identify problems in everyday life and convert those problems into profitable business ideas. This problem-solving ability differentiates entrepreneurs from ordinary business owners. They see challenges as opportunities to innovate and improve existing systems.

In most of the cases, entrepreneurs start small but nourish dream. A small shop, startup, or service can grow into a multinational organization with the right strategy, discipline, and leadership and continuous endeavor. Entrepreneurs do analyze market demand, customer behavior, and technological trends to stay competitive.

In many cases, entrepreneurs start small but dream big. A small shop, startup, or service can grow into a multinational organization with the right strategy, discipline, and leadership. Entrepreneurs continuously analyze market demand, customer behavior, and technological trends to stay competitive.

Examples of Successful Entrepreneurs

A great example of an Indian entrepreneur is Ratan Tata, who has made the Tata Group into a global brand by entering industries such as steel, automobiles, IT services, and telecommunications. In his leadership, he shows how ethical values and innovation can coexist in business. Ratan Naval Tata was born on 28 December 1937 in Mumbai, India. He completed his schooling at Campion School, Mumbai, and studied at Cornell University, USA. He became the Chair of Tata Group in 1991. Ratan Tata’s strategy focused on long-term vision, ethical business practices, global expansion, and innovation.

Another strong example is Steve Jobs, whose entrepreneurial vision led to the creation of revolutionary products like the iPhone and iPad. He focused not only on technology but also on design, user experience, and simplicity. Steve Jobs was born on 24 February 1955 in San Francisco, California, US. He is known as the co-founder of Apple Inc. Steve Jobs died on 5 October 2011. Steve Jobs’ strategy was based on innovation, simplicity, strong design focus, and complete control over the product ecosystem.

Similarly, Elon Musk demonstrates modern entrepreneurship by taking bold risks in industries like space exploration, electric vehicles, and renewable energy. His ventures highlight how entrepreneurs can shape the future of humanity.

Characteristics of an Entrepreneur

1. Entrepreneur generally innovation thinker with new idea and new concept before the world.
2. Entrepreneur takes  huge risk to implement their idea without guarantee of success. 
3. Entrepreneur are great leader , they lead the team and identify the problem and make a clear solution to reach the gold.
4. Entrepreneur motivate themselves , they are self dependent, they are not dependent  on other organization 
5. Entrepreneur are very hard working and persistent on their work and does not give up if the face any problem.
6. Entrepreneur change them self with the changing of technology and advancement of the human civilization an adaptation of technical advancement.

7. Entrepreneurs are opportunity seekers, they observes market gaps and unmet customer needs and convert their observation  viable business ideas.

8. Entrepreneurs have strong decision-making ability, they take quick and calculated decisions with no hesitation and same patience even in uncertain and risky situations.

9. Entrepreneurs possess high adaptability, they change strategies according to market , competition improves , customer demand changes , and economic conditions of the market.

10. Entrepreneurs believe in continuous learning, they upgrade their knowledge, skills, and mindset through experience, failures, and feedback to improve their business performance .Thus they become life long learner.

Who is an Intrapreneur?
            An intrapreneur is a person who starts with a new idea within an organization, not as an entrepreneur. An intrapreneur works in a huge organization and gives new ideas, new business plans to the organization in terms of product, service or anything related to business. They are also innovative thinkers but work as an employee, they start a new project or new idea without being told to them by management. The intrapreneur does research within the organization on his idea. He takes the funds from the company and every facility from the company. Intrapreneurs are also problem solvers. They face challenge one new idea and solve the problem effectively in a new way, but not like an entrepreneur who independently starts a new business. An intrapreneur is just an employee of the organization who works for the growth of the organization, not for himself. Think about Gmail. The Gmail creator was an employee of Google. He created Gmail for Google but not for himself, so he is an Intrapreneur.

What is Entrepreneurship?

       Entrepreneurship is the process of creating a new business or organization. Entrepreneurship is nothing but the act done by an entrepreneur. This makes employment generation, and business establishment in this process idea is generated clearly and implemented well managed. This is a risky process and you must have the ability to face land, labor, capital and technology effectively. These step help to progress the economy of a society. This phase establishes a new organization.

Role of Entrepreneurship in Economic Development

           Entrepreneurship is a systematic process that begins with main idea generation, followed by feasibility analysis, business planning, resource acquisition, and then the final implementation. Each stage requires a careful decision-making process.

        Entrepreneurship contributes to society in terms of employment generation by creating new job opportunities. Small and medium enterprises play a vital role in strengthening the economy of the nation and society.

        Governments encourage entrepreneurship through several ways: startup policies, financial support, incubation centers, and skill-development programs etc. This support system helps new entrepreneurs manage risk and increase high survival rates.

By : Ayan Banerjee

Last Update :19-02-2026